January 1, 2024

Change to the Swiss Insurance Supervision Act

  • We would like to notify our customers that from January 1, 2024, there is a change in the Swiss Insurance Supervision Act, the set of regulations that govern our head office in Switzerland.
  • Under the Swiss regulation, we are required to inform you of this change, although this has no impact on your insurance policy with Zurich Insurance in Hong Kong.
  • The change means that Zurich Insurance Company Limited, a company incorporated in Switzerland, will no longer be required to set aside “tied assets” in Switzerland to cover its overseas branches’ insurance liabilities (including those of the Hong Kong branch). The change only concerns general (non-life) insurance; Zurich Hong Kong Life insurance policies are unaffected.
  • As a valued customer, rest assured that you will continue to benefit from our local assets in Hong Kong backing your policy, together with the Company’s strong and locally regulated balance sheet, backed by the Zurich Group’s AA financial strength.
  • No action is required from you.