Privacy Policy: ARI Financial Group, GmbH

This Privacy Policy explains how ARI Financial Group, GmbH ("ARI Financial Group") and its subsidiaries (collectively referred to as the "Company") handle your personal information. We follow applicable regulations, including the EU General Data Protection Regulation ("GDPR") and the Swiss Federal Act on Data Protection ("SFADP"). The specific Company with which you interact is responsible for overseeing how your personal data is managed, referred to as the "Data Controller." You can find the Data Controller's contact information in section 10. If you reside in the European Union, GDPR applies, and if you live in Switzerland, SFADP provisions are relevant.

At ARI Financial Group, we are committed to upholding the privacy and security of personal data. We collect, use, and transfer personal information only for legitimate purposes. Every effort is made to maintain data accuracy and safeguard it from unauthorized access, misuse, or accidental loss.

Purpose of Data Collection

We may need to gather personal data from you or other sources to deliver services related to insurance brokerage and financial advisory. The data is used to:

  • Provide tailored insurance, wealth management, estate planning, business planning, or financial advice.

  • Assess your needs and offer or arrange appropriate insurance or financial products.

  • Submit insurance applications and liaise with insurance carriers to secure life coverage or other policies.

  • Administer policies and manage claims, including investigation and processing.

  • Design, develop, and improve our products and services.

  • Conduct market research and compile statistics.

  • Fulfill legal or regulatory requirements, including compliance with global tax, police, or government inquiries.

  • Verify your identity and support the operation of our business activities.

Legal Basis for Processing

We rely on the following legal bases for processing your personal data:

  • Contractual necessity: Processing is required to fulfill agreements or services you request (Art. 6(1)(b) GDPR or Art. 13 SFADP).

  • Consent: In some cases, your explicit consent (Art. 6(1)(a) GDPR or Art. 13 SFADP) allows us to process data, especially when no other legal basis applies.

  • Legitimate interest: We may process your data to pursue business or public interests, balancing your rights and freedoms with those needs (Art. 6(1)(f) GDPR or Art. 13 SFADP).

  • Special categories: Sensitive data such as health or criminal records may be processed when necessary for substantial public interest, as authorized under EU or Member State laws (Art. 9 GDPR and Art. 13 SFADP).

International Data Transfers

Personal data may be shared globally with affiliates, insurance carriers, banks, contractors, and regulatory bodies. Please note that data transferred to certain countries may not be protected under Swiss or EU laws. By providing consent, you agree to the transfer of your data under GDPR (Art. 49) or SFADP guidelines.

Marketing and Data Use

We may use your personal information for marketing purposes, such as:

  • Offering insurance products or services from our partners.

  • Sharing your information with insurance carriers to facilitate life coverage applications.

  • Providing financial institutions with data to arrange financing for policies.

  • Delivering after-sales services, including consultations and policy reviews.

If you object to direct marketing, you can withdraw your consent at any time, and your data will no longer be used for these purposes.

Processing of Sensitive Personal Data

We may collect sensitive data, such as health records or criminal background information, for identity verification and underwriting purposes. Sensitive data includes information about racial or ethnic origin, political views, religious beliefs, trade union membership, genetic data, and biometrics. We take extra precautions to ensure this information is handled securely and in accordance with legal requirements.

Your Rights

Depending on the laws applicable to your situation, you may have the following rights:

  1. Access to Information:
    You can request details about how your personal data is processed, including the purposes of processing, categories of data, and recipients of the data.

  2. Correction:
    If any of your personal data is inaccurate or incomplete, you have the right to request corrections.

  3. Restriction of Processing:
    You can ask us to limit the processing of your data under certain circumstances, such as when disputing its accuracy or legality.

  4. Erasure (Right to be Forgotten):
    You may request that your data be deleted if it is no longer necessary for the purposes for which it was collected or if you withdraw consent and no other legal basis applies. There are exceptions to this right, including cases where data is needed to comply with legal obligations or defend legal claims.

  5. Data Portability:
    You have the right to receive your personal data in a structured, commonly-used format and, where technically feasible, request that it be transferred to another service provider.

  6. Objection:
    You can object to data processing based on legitimate interests or for direct marketing purposes. If you object to marketing, your data will no longer be used for that purpose.

  7. Automated Decision-Making:
    You have the right not to be subject to decisions based solely on automated processing that significantly affect you. Exceptions include cases where automated processing is necessary for a contract, authorized by law, or based on your explicit consent.

  8. Complaint:
    If you believe your data has been processed unlawfully, you may file a complaint with a supervisory authority, typically in your country of residence or the location where the data breach occurred.

Data Controller Contact Information

The Data Controller is the specific ARI Financial Group entity you are in contact with. For inquiries or to exercise your rights, you can contact our Data Privacy Officer at:

Data Privacy Officer
ARI Financial Group, GmbH
Bodmerstrasse 9, CH-8002 Zurich, Switzerland
Email: ComplianceZurich@ari-financial.com

Retention of Data

We retain your personal data as long as necessary to fulfill contractual obligations, comply with legal requirements, and pursue business interests. Once the data is no longer needed, we will securely delete or anonymize it.