2024-06-26

FINMA Circular 2024/1 Swiss Solvency Test (SST)

FINMA issues Circular 2024/1 to define supervisory practices regarding the Swiss Solvency Test (SST) for insurance companies and groups. The document establishes governance requirements, mandates publication of standard models and reporting guidelines six months in advance, and outlines the FINMA's authority to review SST reports and internal models. It further details the procedures for summaric and material model examinations, including the potential application of capital add-ons or deductions based on supervisory findings.

Switzerland

Swiss Financial Market Supervisory Authority

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