Build and grow the leading InsurTech hub in Switzerland
The Swiss InsurTech Hub is a non-profit association with the mission to build and grow the leading InsurTech Hub in Switzerland.
We create, nurture and foster an open, inclusive and collaborative ecosystem for InsurTech in Switzerland, creating a measurable impact for incumbents, start-ups, investors and public bodies.
We enable and foment the dialogue and exchange of the diverse participants of the ecosystem, including innovators, experts, partners, academics and diverse technologies, from Switzerland and around the world.
We drive thought leadership, innovation and transformation.
The “Swiss Insurtech Hub” is a non-profit association governed by Articles 60 et seq. of the Swiss Civil Code and by the present statute.
The association is politically neutral, it is not for profit (i.e., it is prohibited to distribute profits or operating surpluses) and any resource must be earmarked for the achievement of the institutional purposes referred to in the art. 3.
The Organization’s headquarters are located in the Zurich Canton (Leisibüelstrasse 175, 8708 Männedorf).
The Association is of unlimited duration.
The Association’s resources are derived from:
The funds shall be used in accordance with the Association’s social aims.
The assets of the association are indivisible among the members; in case of termination of the membership due to any cause, members cannot claim the proportional share.
It is prohibited to distribute profits or operating surpluses, as well as funds, reserves, capital or any asset of the association.
In case of termination of the association, its assets will be donated to associations that have similar purposes or will be donated for purposes of public utility.
The financial year ends on December 31 of each year. Within six months from the end of each financial year, the Executive Committee prepares the operating annual accounts, which will be sent by e-mail to each member.
The Association has the following purpose:
In order to reach this aim, the Association:
The association can carry out any other type of activity as long as it is not for profit and it is aimed to the achievement of the association’s purpose.
Any for-profit initiatives will be carried out by (and billed to) external legal entities or entrepreneurs.
Individuals and legal entities can become members of the association, assuming that:
Requests to become a member must be addressed to the Executive Committee (e-form available online on the Association website).
The Executive Committee admits new members and informs the General Assembly accordingly.
Membership status is not transferable (art. 70 SCC).
All the members are required to:
Members have no personal liability: only the Association’s assets may be used for obligations/commitments contracted in its name.
Founding Members will be the people signing this Statute.
The Association shall include the following organs:
The General Assembly is composed of all the members of the Association.
The general Assembly is called by the Executive Committee (art 64 SCC). It shall hold an ordinary meeting once each year. It may also hold an extraordinary session whenever necessary, at the request of the Executive Committee.
The General Assembly shall be considered valid regardless of the number of members present.
The Secretary shall inform the members of the General Assembly of the date including the proposed agenda at least four weeks prior to the date of the meeting.
The General Assembly:
The General Assembly is chaired by the President of the Association.
Decisions of the General Assembly shall be taken by a majority vote of the members present. (art 67 SCC). In case of deadlock, the President shall have the casting vote;
Decisions concerning the amendment of the Statute and the dissolution of the Association must be approved by a two-third majority of the members present.
Votes are by a show of hands and All members have equal voting rights at the general assembly (art 67 SCC).
The agenda of the ordinary annual session of the General Assembly must include:
The Executive Committee is authorized to carry out all acts to achieve the purpose of the Association. It has the most extensive powers to manage the Association’s day-to-day affairs.
The Executive Committee is composed by a minimum of 3 members (President, Secretary, Treasurer) and at maximum of 12 members covering the following roles:
In order to guarantee adherence to the “Manifesto” principles, Founding members will represent the majority of the Executive Committee (in case of an Executive Committee of 12 people, 7 will be necessarily chosen amongst the Founding Members).
Each member’s term of office shall last for 2 years and it is renewable unlimited times. In case of impediment it will be possible for a member to resign after 1 year.
The Executive Committee meets as often as the Association’s business requires.
The Executive Committee will be supported and counselled by an Advisory Board formed by industry leaders and experts.
Members of the Advisory Board shall be elected by the members of the Executive Committee but shall have no duties, voting privileges, nor obligations for attendance at regular meetings of the Executive Committee.
Advisory Board members may attend said meetings at the invitation of a member of the Executive Committee.
The Executive Committee members work on a volunteer basis.
The mandate of the Executive Committee is to:
Each year the General Assembly appoints an Audit Committee. It may also entrust this task to a fiduciary company.
The Audit Committee shall check the operating annual accounts prepared by the Executive committee and present a written and detailed report to the annual ordinary general meeting.
The Association is legally bound by the joint signature of the founding members.
The financial year shall begin on 1st January and end on 31st December of each year.
Should the Association be dissolved, the available assets should be transferred to a nonprofit organization pursuing public interest goals similar to those of the Association and likewise benefiting from tax exemption.
Under no circumstances should the assets be returned to the founders or members. Nor should they use a part or a total of assets for their own benefit.
The present Statute has been approved by the Constituent General Assembly during the meeting held on December 3rd, 2020.