Financial condition report

The publication of standardised information promotes improved market transparency to increase market discipline and, as a result, improve policyholder protection.

Insurance companies must publish the financial condition report and submit it to FINMA annually (by 30 April at the latest). The report contains a text component with information on the insurance company's or group's financial and risk situation and the quantitative templates issued by FINMA for group/conglomerate performance, market-consistent balance sheet and solvency. The report has the following chapters:

• Business activities;
• Performance;
• Risk management and its appropriateness;
• Risk profile;
• The principles and methods used to value the reserves in particular;
• Capital management;
• Solvency.