Compare your existing professional liability insurance if you purchased it before 2021.
The new FINIV-FINMA requirements go further than the traditional old policies, which excluded many risks. Insurance policies that meet these new requirements offer better protection for the asset manager and great potential to save premiums.
A price/performance comparison is worthwhile in any case!
IGUV offers its members with this collective solution in cooperation with the Swiss Management Association on the one hand substantial premium savings and on the other hand a simple and uncomplicated application online via the online form.
For asset managers FinIA (SO) the conclusion of a professional liability insurance is voluntary. However, asset managers may count half of the insurance towards their regulatory capital, provided that the insurance fulfills the above-mentioned FINIV-FINMA provisions.
However, for financial advisors FinSA (advisor register) the conclusion of a professional liability insurance is obligatory.