Aon Switzerland

About Switzerland / Liechtenstein

With offices in Switzerland and Liechtenstein, Aon Captive & Insurance Management is represented in two important and modern financial markets and locally very well positioned. Furthermore, the Swiss Solvency Test (SST) as an approach to the integrated insurance supervision and forerunner of Solvency II, has already been implemented since 2006. As a captive domicile both markets have excellent reputations regarding insurance supervision and taxes. Some of the most important domicile features are:


  • Swiss reinsurance supervision is recognized by EU authorities.
  • Direct insurance writing from Switzerland into EU-countries is possible (special licensing procedure in Switzerland and the respective EU-country).
  • Integrated supervision and sophisticated solvency requirements are already implemented with the Swiss Solvency Test (SST) and the simplified option of Risk Based Capital-calculation (RBC).
  • Further legal requirements:
    • mandatory appointment of a responsible actuary
    • the appointment of an internal auditor can be avoided under certain conditions
    • comprehensive risk management and internal control system
    • detailed technical reserving policy
    • unlimited building of equalization and fluctuation reserves.
  • Different cantonal tax laws, with close cooperation between Aon Captive & Insurance Management and the several tax authorities.
  • Lowest VAT rates in Europe (8% as of 2011).

Principality of Liechtenstein

  • Member of the European Economic Area (EEA) and close political and economic ties with Switzerland.
  • Direct insurance writing in countries of EEA and Switzerland.
  • Supervisory laws in preparation for introduction of Solvency II.
  • Similar legal requirements as in Switzerland:
    • appointment of a responsible actuary
    • comprehensive risk management and internal control system
    • building equalization reserves in all lines of business mandatory for reinsurers and captives.
  • Revision of the tax scheme as of 2011:
    • income tax rate of 12.5%
    • abolishment of capital and coupon tax.
  • Application of the Swiss VAT and stamp duty regulations.

Link to the regulator: