Insurers

Cyber Insurance: The next big thing in Switzerland?

The risk of being the victim of a cyber attack has risen sharply in recent years. Against the damage caused by such attacks, firms can protect themselves with so-called cyber insurance. What services do Cyber Insurances offer, who can assure and what should firms know before completing a policy?
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Insurance groups take a portfolio approach to growth

In today’s insurance environment, victory belongs to the bold. Margins are under pressure and competition is heating up; insurers can no longer afford to ‘sit’ on businesses that are underperforming or subscale.
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Swiss ORSA – The Insurance Market Reaction

Following the recent issue of a new FINMA circular on ORSA, KPMG Switzerland surveyed leading Swiss insurers to evaluate their response to the new requirements and assess preparedness to comply. Results varied significantly, but one thing is clear: there is still work to be done!
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Building a strong insurance risk culture

The financial services market has not ever been as regulated as it is today. The variety of new regulations and the speed of the corresponding international developments are challenging. How companies view these – opportunities?, challenges? – may determine the winners and losers of the future.
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Reinsurance – An industry in transition

Switzerland’s reinsurance industry is undergoing a significant transformation, with reinsurers responding at varying speeds to the changing landscape. Our new publication “Clarity on Reinsurance: An industry in upheaval” shines a spotlight on some of the opportunities and challenges facing reinsurers today.
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What is the future of the Swiss Solvency Test?

On 8 July 2015, the Swiss Financial Market Supervisory Authority FINMA put a revised package of circulars out for consultation. Many proposed changes have a direct and indirect impact on the Swiss Solvency Test (SST) and its use by Swiss insurers. The most significant impacts arise from the newly released circulars on public disclosure and ORSA.
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