Description

Swiss GAAP FER 41 “Accounting for real estate insurers and for health insurers” applies to financial statements of health insurers according to article 2 of the Federal Act on the Oversight of Social Health Insurance (KVAG/LSAMal) and to financial statements of real estate insurers. In addition to this recommendation, the framework and all other recommendations (as well as Swiss GAAP FER 30 for consolidated statements) are to be applied. The regulations of this recommendation override those of the other recommendations. The superordinated convention of Swiss GAAP FER is applicable, whereby the financial statements have to provide a true & fair view. Provisions for the risks in the investments as well as technical provision for variations and for reliability are allowed.