Solvency ratio of insurers at healthy levels, official says
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.