Assurance and insurance for companies and institutions

ARISCO carries out an annual audit with its clients. During a structured annual meeting, all insurance contracts are reviewed at least once and adjusted where necessary.

Any time! Getting a second opinion is never the wrong thing to do. ARISCO's experience shows that in over 60% of cases where two opinions are issued, gaps in coverage can be closed and double insurance policies eliminated. In addition, there is a premium saving potential of up to 25%. So the client benefits either way.

With ARISCO's integral claims management process, clients can have all cases handled – from relatively minor to more complex claims. A team of five in-house lawyers, three of whom are barristers, manage the claim from registration to payment and enforce the insurer's promise of benefits in a timely manner.

The solution is an international insurance programme. An international insurance programme is an individually tailored, cross-border insurance solution for the centralised management of the insurance needs of an internationally active group. The aim is to achieve the most uniform possible protection in line with the risk management philosophy for all risks located in Switzerland and abroad.

The international insurance programme initially consists of a main contract. This master policy is usually taken out in the country of the parent company and ensures that risks are covered worldwide. On the one hand, it acts as a local policy for the parent company and, on the other, it offers additional protection for the Group's foreign locations by means of differential cover. As a rule, this difference in cover extends both to the scope of cover (Difference in Conditions = DIC) and to the limits of indemnification (Difference in Limits = DIL).

The aim of differential cover and the actual main task of a master policy is to harmonise the scope of cover within the group of companies. In parallel, local covers (local policies) are installed in the relevant foreign markets in accordance with operational requirements. Country-specific features such as legal requirements and tax regulations are fulfilled. This also puts companies in the best position to meet the increasing demands of compliance.

Digitalisation brings many advantages, but also holds many dangers. SMEs are usually less protected against cyber attacks than large corporations. In principle, all SMEs that may engage in online interaction with customers at any time are at risk of a cyber attack. Cyber criminals are interested in money, data and company secrets. They can hit any company with cyber attacks in the form of phishing, hacking or even blackmailing. The damage caused by cyber attacks can endanger an SME's existence; operations can be paralysed for long periods, data can be lost and programs may be rendered inactive or unusable.

Trading and transferring Bitcoins (or crypto-currencies) involves significant risk: Trading platforms and payment service providers are particularly exposed to cyber attacks. In order to manage these risks efficiently, investors may engage specialised service providers to acquire, hold, hedge and trade Bitcoins on their behalf. This reduces the risks for investors. If they nevertheless suffer losses, they may claim damages under civil law if the service provider is responsible for the losses.

Insurance solutions already exist for most risks. One international insurance company even provides insurance coverage specifically for "crypto wallets". In the event of a hacker attack, this insurer will provide insurance coverage of up to CHF 1 million for the users affected.

Yes, the GDPR basically applies to all sole proprietorships and legal entities. The exact arrangement is as follows: Swiss companies must comply with the GDPR if they process personal data of natural persons in the EU and if data processing serves any of the following purposes:

1. to offer goods or services to such persons (whether in return for payment or free of charge), or
2. to prosecute based on the conduct of such persons, provided that such conduct takes place in the Member States of the EU (Article 3(2)(a) and (b) GDPR)

This means, for example, as soon as a company uses a data traffic analysis on its homepage (Google Analytics), it falls under the scope of the GDPR. The same applies if you can subscribe to a newsletter on a website. It is irrelevant whether the company actually has clients in the EU or wants to reach them at all. The only companies in Switzerland that the GDPR probably does not affect are those that do not have a website.