Mar 19, 2024 08:47 PM
FINANCE
Risk Now Determines How Strictly China’s Life Insurers Get Regulated
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Under a new evaluation system, life insurers are scored based on factors including corporate governance, business operations, use of funds, asset and liability management, solvency management. Photo: Jenny, AI
China’s insurance regulator is ratcheting up supervision of life insurers based on the risk levels of their business under new rules that aim for nimbler oversight of the industry.
The National Financial Regulatory Administration’s (NFRA) new rules for the industry, which took effect Monday, measure the risk levels of all life insurers that have been operating for at least one fiscal year, and strengthen supervision over those deemed riskier.
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