Lessons learned from the Swiss Solvency Test
Three years after the Swiss Solvency Test became mandatory for all Swiss insurers, Life & Pension Risk looks at the impact of the regulation on the industry and discovers a number of lessons that Europe should learn. Thomas Whittaker reports
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As European regulators and insurance companies grapple with developing and implementing the Solvency II directive, it should come as some comfort to see a similar risk-based capital regime working successfully next door in Switzerland.
Covering many of the requirements laid out within Solvency II, the Swiss Solvency Test (SST) has had a dramatic effect on how the Swiss insurance industry manages risk – providing it with an encouraging position for Solvency II
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