This report summarizes FINMA’s key observations from the second Swiss Qualitative Assessment (SQA II) carried out primarily in 2012.
Consistent with FINMA’s risk prioritisation, SQA II did not cover all insurers but those in the three highest risk categories under FINMA’s supervisory approach (including all Groups), as well as additional insurers selected from the next risk category.
The observations in this report are based on FINMA’s analyses of the SQA II submissions by these insurers and further exchanges and interactions with them. These included in some cases personal risk dialogs with members of the Board of Directors, senior management, heads of Control Functions, and other key company personnel. The assessments also take into account information gained by FINMA through its regular supervision of insurers.