Sol­vency ra­tio of in­sur­ers at healthy lev­els, of­fi­cial says

China Daily (Canada) - - BUSINESS -

Sol­vency ra­tio of 95 per­cent of the in­surance com­pa­nies in China ex­ceeded 150 per­cent, said Zhou Yanli, vice-chair­man of the China In­surance Reg­u­la­tory Com­mis­sion. Zhou said at the Cai­jing An­nual Con­fer­ence on Thurs­day that those firms’ as­sets ac­counted for 99 per­cent of to­tal as­sets of the Chi­nese in­surance sys­tem. Un­der cur­rent rules, in­sur­ers are re­quired to post a sol­vency ra­tio no lower than 100 per­cent. Com­pa­nies with a sol­vency ra­tio greater than 150 per­cent are deemed to be “ad­e­quate” and at­tract lit­tle reg­u­la­tory at­ten­tion.

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