China Plans Regulatory Rating System for Life Insurers to Curb Risks

China’s top insurance regulator is planning to roll out a tiered regulation system for life insurers, which will use a rating system to determine what types of business a company can operate and how its funds can be used, insurance industry sources have told Caixin.

The China Banking and Insurance Regulatory Commission (CBIRC) on Thursday distributed draft rules on the new system to life insurance firms for feedback, according to the sources.