Request a quote - Financial service providers

Basic information

Comprehensive insurance protection for financial service providers and financial institutions

Please answer the following questions so that we can provide a tailored quote for your professional activity as asset manager, trustee or financial service provider under the Financial Services Act (FinSA).

Which insurance solutions are you interested in?

Do you perform an activity that requires a permit or are your client advisors entered in a client advisor register at a registration agency?

Professional liability 1/3

Total revenue > 50%

Is more than 50% of total revenue generated by one client?

Shared management

Does any link to clients exist through shared management, business relationships or participations?

Permits

According to the information you provided, you engage in the following activities requiring a permit:

Fund management company

Trustee

Asset manager

Representative of foreign collective investment schemes

Insurance broker

Manager of collective assets

Investment (securities) firm

Financial service providers with entry in client advisor register

Other

Registration agencies / supervisory authorities

Which registration office or supervisory organization are you registered / affiliated with?

FinSA registration offices:

Status of registration

FinIA supervisory organizations:

Permit

Self-regulating organization

Are you affiliated with a self-regulating organization (SRO)?

Money-laundering regulations and professional codes of conduct

When the overall risk was last checked for breaches of money-laundering regulations and professional codes of conduct, did the auditor or the supervisory organization assess the risk as increased or high?

Professional liability 2/3

Your activities as a percentage (%) of sales

For the activities listed, please indicate the percentage share of the total activity (revenue):
(Total 100%)

Financial services under FinSA

Please select your financial services under FinSA

Other services (outside FinSA, FinIA, CISA, or ISA)

Please select the other services.

Special asset classes

What is the share of revenue in connection (advisory or management) with:

AXA Label - Hier erscheint ihr Text.

Professional liability 3/3

Portfolio management system

Do you use a digital portfolio management system (PMS) from a software service provider?

Digital platform

Do you provide services via an online platform or robo-advisor applications?

Comments

Directors and officers liability

Company’s legal form

What legal form does your company have?

Start-up

Have you been in business for less than 3 years (start-up company)?

Please submit annual financial statements or start-up accounts and business plan.

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Your data will be encrypted and securely submitted to AXA.

Stock market

Are securities (e.g. shares) of the applicant or a subsidiary traded on a stock exchange, or is an IPO or share issue planned in the next 12 months?

Shareholders

Do legal entities directly or indirectly hold 20% or more of the applicant's voting rights?

Questions on financial situation

The questions below relate to the applicant's consolidated financial statements for the last financial year. In the absence of any consolidated financial statements, these questions relate to the aggregated individual financial statements of the applicant and of all subsidiaries.

Date on which the last financial year ended:

Annual sales in the last financial year amounted to CHF

Did you make a consolidated loss?

Was the consolidated equity ratio (ratio of equity to net assets) less than 20%?

In case there are any subsidiaries: Does a subsidiary currently have negative equity capital?

Is the client and/or a subsidiary overindebted (negative equity) at the time of signing the questionnaire?

Please submit your consolidated financial statements (balance sheet, income statement, notes and auditor's attestation) for the last financial year, or – if no consolidated financial statements are available – all individual financial statements from the subsidiaries.

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For information on data processing, please consult the data protection provisions of AXA Insurance Ltd / AXA Life Ltd.

Your data will be encrypted and securely submitted to AXA.

Comments

Fidelity insurance

Extracts from the criminal register

When hiring new employees whose work regularly involves the use of monetary assets, do you obtain an extract from the criminal register?

Backup

Do you create a full backup of all data at least daily and test the recovery?

Monitoring of bank accounts

Are bank accounts monitored by employees other than those who execute payments?

Lists of payments

Is the entry into commitments with suppliers and subcontractors carried out with different staff from those who execute payments to these parties?

Joint signature

Is a joint signature required in all areas for entering into financial commitments starting from CHF 5,000?

Business crime training

Do your employees receive training at least annually regarding defense against business crime?

Job descriptions

Do job descriptions that define the tasks, competencies and responsibilities of each employee exist across all business areas?

Comments

Premium calculation basis

Revenue

Total revenue for the last fiscal year for all companies to be insured:

Number of specialist staff

Specialist staff means owners, co-owners and employees who, because of their training and experience, work largely autonomously, irrespective of whether they have signing authority or not.

Other employees

How many other staff (excluding interns and apprentices) are employed by the companies to be insured?

Assets under management

Please give a breakdown of assets under management (AuM) on the basis of the clients' residence (in CHF million).

General questions

Professional association

Are you a member of a professional association?

Swiss Association of Wealth Managers (SAM)

Financial situation

Have you made a loss in the last two years, or do the last annual financial statements show a loss of half the capital / over-indebtedness?

Please enclose with the questionnaire the annual financial statements, including the balance sheet, income statement, notes and – if available – the auditor's attestation for the last financial year.

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For information on data processing, please consult the data protection provisions of AXA Insurance Ltd / AXA Life Ltd.

Your data will be encrypted and securely submitted to AXA.

Claims / known circumstances

In the past five years, have loss or damage events occurred in the businesses to be insured which would have been covered by the insurance you are applying for, or does any person who is to be insured have knowledge of circumstances which could lead to a claim for damages that would be covered under the insurance?

Proceedings before authorities

In the past five years, have any proceedings been initiated against any persons to be insured before a supervisory authority, supervisory organization or self-regulating organization on account of breaches of professional codes of conduct or of money-laundering regulations?

Other companies

Soll sich die Versicherung auf weitere rechtlich selbstständige Betriebe erstrecken, die zur Firmengruppe der bzw. des Antragstellenden gehören und die ihren Standort in der Schweiz oder im Fürstentum Liechtenstein haben? Betriebe ausserhalb der Schweiz und dem Fürstentum Liechtenstein sind in der Regel nicht versicherbar. Bitte bei Bedarf Rücksprache mit der Beraterin bzw. dem Berater nehmen.

Sums insured / Deductible

Amount of sum insured

How high should your sum insured be?

Professional liability:

The statutory requirements for the amount of the sum insured can be found here.

Directors and officers liability insurance:

Fidelity insurance:

Expanded coverage

Deductible

How high should your deductible be?

Professional liability insurance

Directors and officers liability insurance:

Fidelity insurance:

Optional extended coverage

US / Canada

Liability claims that are judged in accordance with US or Canadian federal or state law.

Professional liability insurance module

Directors and officers liability insurance module

Fidelity insurance module

Legal protection

Legal protection in criminal, regulatory and administrative proceedings for an insured business:

Professional liability insurance module

Coordinates

Title

Contact person

Title

Haben Sie bereits eine Police bei der AXA?

Beginning of the contract:

Payment frequency

Enclosure

Please submit the following additional information:

Resume from at least one manager who performs the financial service to be insured

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For information on data processing, please consult the data protection provisions of AXA Insurance Ltd / AXA Life Ltd.

Your data will be encrypted and securely submitted to AXA.

Advisor

Do you have an insurance advisor?

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