CIRC’s new ALM rules to force change on smaller insurers
Analysts believe China's insurance regulator's scoring of how well insurers manage their assets and liabilities could prove costly for some, but should improve the industry's health.
The Chinese insurance regulator’s introduction of an overarching framework to reduce insurers’ asset-liability management (ALM) risk is set to drive up compliance costs for some market players but should help prevent systemic risk in the financial system, say analysts.
The China Insurance Regulatory Commission (CIRC) announced the new regulation on March 1. Under a trial phase for the new rules, insurers self-evaluate their ALM capabilities over a set of quantitative and qualitat…
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