MoU between EU/EEA and Swiss supervisors on insurance supervision agreed

It is hoped that by taking into account the nature of the group relationship of insurance or financial conglomerates, more effective and prudential supervision will be possible. The MOU states that an efficient co-operation between the competent authorities of the relevant countries is essential for achieving supervisory objectives, while minimising the administrative burden for the supervisory entities.

The MoU provides the legal basis for including FOPI in the work of the Coordination Committees (Co-Cos) that have been established under the umbrella of the Helsinki Protocol. Co-Cos have been established for each trans-national insurance group and comprise the national supervisors engaged in the day-to-day supervision of the entities of the relevant group.

“A Pan European insurance market requires the co-operation of supervisors beyond the borders of the EU,” the chairman of CEIOPS, Henrik Bjerre-Nielsen, said. “CEIOPSconsiders this MoU as the basis for building further co-operation with the Swiss Supervisory Authority.”

Click here for a copy of the MoU.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here