2024-06-26

FINMA Circular 2024/2 Life Insurance

FINMA issued Circular 2024/2 to update regulatory requirements for life insurance contracts, replacing the previous 2015 guidance. The circular establishes detailed rules for tariff classification, actuarial calculation of surrender and conversion values, and the distribution of surplus to policyholders. It mandates strict transparency regarding calculation methods, risk deductions, and annual reporting to ensure fair treatment of insured parties.

Switzerland

Swiss Financial Market Supervisory Authority

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