Reg­u­la­tor probes in­surance in­dus­try

New Straits Times - - Business -

BEI­JING: Only five in­sur­ers out of 170 sur­veyed were near reg­u­la­tory red lines in the first quar­ter, said China’s in­surance reg­u­la­tor yes­ter­day. The com­pre­hen­sive sol­vency ra­tio for the in­dus­try reached 238 per cent at the end of the first quar­ter, com­pared with 247 per cent at the end of last year, said the China In­surance Reg­u­la­tory Com­mis­sion. The in­dus­try’s core sol­vency mar­gin for the in­dus­try reached 221 per cent, far above the reg­u­la­tory thresh­old of 50 per cent, it said. The in­dus­try’s real cap­i­tal amounted to 3.4 tril­lion yuan (RM2.12 tril­lion) at the end of March.

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