CIRC reveals investment rules, ALM compliance system
The draft guidelines form part of the new C-Ross solvency system, to which insurers in China must adapt over the next three years. They include reviewing asset-liability management.
China's insurance regulator has just released a consultation paper offering guidance for insurance companies implementing its investment capital rules framework.
The “China Risk Oriented Solvency System”(C-Ross) has existed since being published as a conceptual framework in 2013. But the CIRC's new consultation paper on the rules, which was issued on October 10, offers guidance for insurance companies implementing on the capital usage side, as part of an initiative by the watchdo…
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