The partial revision of the Swiss Insurance Supervision Ordinance (ISO) initiated by the Federal Finance Department (FFD) in 2014 will enter into force on 1 July 2015. The revision focuses primarily on the themes of solvency, qualitative risk management and disclosure. This article shall give an overview on the various amendments, and in particular on the revised provisions on the eligibility of hybrid instruments as regulatory capital.

By Petra Ginter (Reference: CapLaw-2015-18)