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International

China regulator to tighten standards on management of liability, investments

June 09, 2017 Reprints

The China Insurance Regulatory Commission is set to tighten standards on the management of liability, investment and liquidity risks by insurers as it assesses solvency requirements, Asia Insurance Review reported citing Shanghai Daily. "The regulator will also put greater emphasis on the actual implementation of risk control measures rather on than the setting up of a management framework as it did in the first year of implementing the Solvency Aligned Risk Management Requirement and Assessment," said Jimi Zhou, consulting partner at PricewaterhouseCoopers China Ltd.

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China regulator to tighten standards on management of liability, investments

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