Fending off Risks

China’s insurance sector has shown a stronger capacity to fend off risks as its overall leverage has gradually dropped and its business structure improved, the insurance regulator said.

The China Banking and Insurance Regulatory Commission (CBIRC) said the general and core solvency ratios of 178 insurance companies stood at 245 percent and 234 percent, respectively, at the end of the second quarter of 2018.

Both ratios were well above the safe level, the CBIRC said.

The regulator said the sector’s