CIRC to name local systemically important insurers

The China Insurance Regulatory Commission (CIRC) will introduce its
own list of systemically important insurers (SIIs) and issue a
series of measures to improve supervision, it announced on Friday
(15 April).
The CIRC said it was drawing on the international experience
with SIIs to set up China's own regulatory system.
It is aiming to raise the capabilities of insurers'
management and risk handling, while safeguarding the stability of
the country's insurance industry, it said.
Asia Insurance Rev