Finance:Swiss Solvency Test
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Short description: Standard for insurance companies
The Swiss Solvency Test (SST) is a risk-based capital standard for insurance companies in Switzerland, in use since 2006.[1] The SST was developed by the Swiss Federal Office of Private Insurance (FOPI) in cooperation with the Swiss insurance industry.[1]
The SST measures risks using the following basic principles:[2]
- Financial instruments with market prices must be recognized on the balance sheet at market price
- Capital requirements must be risk-based
- The balance sheet must be assessed as a whole without any off-balance sheet positions
See also
References
- ↑ 1.0 1.1 "Risk-based supervision – the Swiss Solvency Test (SST)". FINMA. 22 January 2006. https://www.finma.ch/finmaarchiv/bpv/download/e/FactSheSST_e.pdf.
- ↑ "Fact Sheet: The Swiss Solvency Test". FINMA. 1 January 2024. https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/faktenblaetter/faktenblatt-schweizer-solvenztest-sst.pdf.
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