Privatversicherungsrecht

Editorial

As we publish this issue of the Swiss Review of Business and Financial Market Law, the banking world has taken a dramatic turn: Credit Suisse saw the end of a 167-year-old history, as it was humbled into a merger with UBS, the other Swiss banking giant and one of its fiercest competitors. The marriage was strongly encouraged by the Swiss authorities who, by emergency legislation, provided…

L’intermédiation en assurance : quelques considérations à la lumière de la révision partielle de la loi fédérale sur la surveillance des institutions d’assurance privées (LSA)

The Federal Act of 17 December 2004 on the Oversight of Insurance Companies (IOA) underwent a partial revision which was adopted by the parliament on March 18, 2022. The entry into force is planned for July 1, 2023, after the ordinance has been updated following the consultation procedure that ended in December 2022. This partial revision responds to developments that have occurred in the…

Risikobegriff in der Ökonomie und im Recht

Risks need to be recorded, measured and monitored. The story of risk has its roots in the calculation of likelihood and is closely connected to the insurance business. Shortly thereafter, regulation was added in. Nevertheless, the market economy system is based on risks and opportunities. It follows that the concept of risk in economics is largely quantitative and focussed on likelihood. In…