EU recognises Swiss solvency rules for insurers as equivalent
Bern, 15.10.2015 - Effective from 1 January 2016, the European Union will recognise Switzerland's regulatory and oversight regime regarding private insurers (e.g. Swiss Solvency Test, SST) as equivalent to European law. The formal decision on the recognition of equivalence was recently published in the Official Journal of the EU and came into force on 14 October 2015. The equivalence decision will simplify the activity of Swiss insurance and reinsurance groups in the European Union (EU).