Periodic collection of data

Once a year SFMA collects extensive financial reporting data from all the insurance companies it supervises. Upon request, insurance companies are also obliged to provide SFMA with additional information and to meet their regulatory reporting requirements.

Every year at the end of April, SFMA collects extensive data from insurance companies on balance sheets and income statements for the previous year. In contrast to the Swiss Solvency Test ( SST ), which uses market (or market-consistent) values, this data is based on statutory values defined in the Swiss Code of Obligations. Insurance companies can send their data to SFMA via an online delivery platform. SFMA also receives annual reports from audit firms.

Collecting data from insurance groups and conglomerates

Every six months, at the end of April and September, SFMA collects extensive data on the consolidated balance sheets and income statements of insurance groups and conglomerates. This data is based on international financial reporting standards ( IFRS or US GAAP ).