CIRC urges Chinese carriers to assess risk controls

The China Insurance Regulatory Commission (CIRC) has asked
insurance companies in the country to examine their risks and
strengthen risk controls amid growing concerns about their
investments, according to local media reports.
Chinese insurers have rapidly moved into riskier investments in
recent years, prompting increased regulatory scrutiny.
The effects of those higher risk portfolios became evident this
month when several Chinese (re)insurers issued profit warnings for
the first half of 2016