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Published on 2 June 2023

Federal Council strengthens Switzerland as a location for insurance

Bern, 2.6.2023 - The Federal Council is committed to making Switzerland a competitive and innovative location for insurance. During its meeting on 2 June 2023, it approved the amendments to the Insurance Oversight Ordinance (IOO) with regard to private insurance companies, and brought both the revised Ordinance and the revised Insurance Oversight Act (IOA) into force with effect from 1 January 2024.