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CSS Insurance

Supervision of supplementary insurance (FINMA)

Among other duties, the Swiss Financial Market Supervisory Authority (FINMA) supervises supplementary health insurance. It checks whether the proposed premiums are kept within reasonable limits, such that the solvency of the individual insurance institutions is guaranteed and the insured persons are protected against abusive practices. Insurers may only offer their products once FINMA has approved the premiums.

CSS recognises the importance of having a politically independent and transparent supervisory system. However, supplementary health insurance is supervised under stricter criteria than other forms of non-life insurance. CSS calls for equal treatment in this respect and rejects any more drastic interventions in the insurers' freedom of decision. It is committed to establishing operating conditions that allow enough room for individual and innovative insurance options. That is why CSS advocates narrowing the definition of abusive practices and scrapping the preventive auditing of tariffs as part of the revision of the Insurance Supervision Act (VAG). Moreover, CSS Insurance also opposes making the insurance industry subject to the Financial Services Act (FIDLEG). Thanks to special industry legislation (Insurance Contract Act and Insurance Supervision Act), insurance clients already enjoy a high degree of protection at present. Individual provisions of FIDLEG that seek to improve the provision of information and advice to clients should be incorporated into the existing laws by means of revisions.