Switzerland

[Last updated: 19/07/16]
Regulatory contact:
Swiss Financial Market Supervisory Authority (FINMA)
Address of regulator
Laupenstrasse 27, CH-3003 Bern
Telephone Number
+41-31-327-91 71
Email Address
tobias.lux@finma.ch
Website
www.finma.ch



Name of Captive Legislation
Insurance Supervisory Law, Regulation for the Supervision of Insurance
 
Year Legislation Passed
2004
 
Recent Amendments
---
 
Do you allow Cell Captives?
No, not allowed
 
Total Number of Licenced Captives
33
 
Number of Risk Retention Groups or Group Captives
---
 
Number of Single Parent Captives
33
 
Number of Cell Captives
---
 
Number of licences granted in the past year (2015 calendar year)
1
 
Approximate (or Average) length of time to process a new captive 
Approx. 4 months
 
Captive tax rates 
Please contact Swiss tax authorities
 
Minimum capitalisation rate 
Direct Captives writing third-party business: 5 million Swiss francs ; Reinsurance captives: 3 million Swiss francs
 
Licencing fees 
Based on actual expenditure
 
Industry sectors best represented in the domicile 
Various industry sectors
 
Top uses for captives 
Property & casualty, credit
 
Total premiums received by the Captives
Not disclosed
 
Total value of assets under management
Not disclosed
 
Captive Insurance Managers registered to conduct business in the domicile
FINMA authorises the captives but does not grant a separate licence for captive managers.

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