AsianInvesterAsianInvester

China’s insurers prepare for C-Ross phase II

Chinese insurers are seen shoring up their capital adequacy levels and turning more prudent with their investments as a result of looming new changes to their solvency regime.
China’s insurers prepare for C-Ross phase II
China's insurers appear to be trying to get ahead of expected new solvency rules by strengthening their capital adequacy levels and making more prudent investments. China Life, Ping An Property and Casualty, Zhujiang Life and Aeon Life have all obtained regulatory approval to issue bonds to replenish their capital, the Chinese Banking and Insurance Regulatory Commission (CBIRC) revealed last week via four separate notices. As a result, the four insurers between them are authoris…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.