One and a half years ago, the SFTI insurance members joined forces to form the “Cloud Rules & Regulations working group” to prepare a position paper that should make the use of cloud servers for insurance companies legally feasible. At the time the working group was established, the insurers were already several steps ahead of the banks in its implementation, so the position paper was intended not only to initiate the regulations necessary for this, but also to record what has already been learned in the process of going into the cloud with the data and what needs to be taken into account.
SFTI’s Working Group “Cloud” now finalised its position paper on “Cloud Rules & Regulations from the Perspective of Insurance Companies” and presented it on 6 July 2018 to the Swiss Bankers Association and the Swiss Insurance Association. You can find the position paper here.
Our Working Group “Regulations” will review now the position paper from the point of view of banks and with a special focus on the regulations and, if necessary, republish it in a second version.
SFTI is proud to once again make a significant contribution to the Swiss financial centre in its role as a promoter of collaboration and innovation
We congratulate our Working Group “Cloud”!