Insurance Supervision Ordinance (ISO)

The ISO revision was driven by the lessons learned during the financial and economic crisis, the introduction of the Swiss Solvency Test (SST), and international developments in the field of insurance supervision. The ISO revision concerns the following topics: Solvency (all insurance companies have to be SST-compliant, preference for standard models), qualitative risk management (requirements for directors, Own Risk Solvency Assessment, ORSA), disclosure, technical reserves, supervision of insurance brokers and a number of other amendments.

2019 2020 2021 2022 2023 2024
  • 2 Consultation period 09/14-12/14
  • 3 Result of consultation 03/15-05/15
  • 8 Application of the rule of law 07/16-12/99
The new ISO entered into force on 1 July 2015. In June 2017, the Federal Council approved the dispatch for changes of the Insurance Supervisory Act. This will also have an impact on the ISO.


The new provisions have led to considerable change, including organizational change, for some companies. These concern central topics (solvency, corporate governance, disclosure obligations). All reinsurance captives are subject to the SST. Every board member must have the expertise and time required to carry out his/her function. The provisions also implemented the requirements for the Own Risk and Solvency Assessment (ORSA) which has to be carried out in accordance with international standards.

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