Switzerland

Regulatory Compliance Insurance 

Qualitative risks in governance, compliance and operational risk management are the current challenges for insurers.

 

We support our customers in Solvency II Pillar 2 (Operational Risk Self Assessment, ORSA) / Swiss Quality Assessment II and shape their compliance plan in consultation with risk management and assurance functions.

Essential Questions

 

  • How often does a Compliance Risk Assessment take place?
  • Do compliance trainings exist?
  • Do you receive a regular internal compliance reporting?
  • Is your external reporting format fully compliant?
  • What are the biggest compliance risks?
  • Are risk, compliance and assurance functions set up as one team
    within your company?
  • Do you have an established contact at FINMA?

 

How can we help?

 

  • Analysis of insurance specific compliance risks
  • Gap analysis regarding compliance risks and policies  vs. current measures
  • Develop and implement a compliance program
  • Advice on the integration of compliance with other risk and assurance functions
  • Implementation of compliance in the context of corporate governance
  • Advice and assistance on specific compliance issues such as cross-border, suitability, privacy and data protection, money laundering and fraud

Hieronymus T. Dormann

Hieronymus T. Dormann

Partner, Head Insurance, Audit Financial Services

+41 58 249 35 03

iCircle

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The iCircle magazine covers strategic thinking, actuarial matters, risk and operational considerations as well as regulatory aspects relating to the Swiss insurance market.

Economic Crime Study Switzerland, Germany, Austria

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This is an extensive study conducted by KPMG on economic crime in Switzerland, Germany and Austria.

Regulatory Compliance

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Regulatory Compliance is the requirement of all groups and individuals to comply with the law and relevant specific regulations issued by various local authorities. KPMG supports you.