Chinese insurers well captialised: CIRC
A study by the Chinese insurance regulator has found that the
country's insurers tend to be well capitalised.
According to analysis by the Chinese Insurance Regulatory
Commission (CIRC), capitalisation levels vary in China, but most
carriers were capitalised in excess of the 100 percent minimum.Personal lines carriers had an average solvency adequacy ratio
of 230 percent, P&C insurers a ratio of 269 percent and
reinsurers a ratio of 330 percent.
The watchdog found that the Chinese insurance
Read more »