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China's solvency rule to create resilient market: Peak Re

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Hong Kong-based Peak Reinsurance Co. Ltd. has said that China's new solvency regime – the China Risk Oriented Solvency System – for the insurance sector would result in a stronger and resilient market in the long run, Asia Insurance Review reported.

The new system would considerably affect line of business-specific capital requirements, Peak Re said.

Volatile lines such as property, agriculture and engineering would require more capital, the reinsurer added.

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