China Banking and Insurance Regulatory Commission: In 2021, 1,442 insurance institutions will be punished, and 339 million yuan will be fined and confiscated

　　Zhongxin Finance, April 29. The "China Banking and Insurance Regulatory Commission" WeChat public account announced on the 29th a circular on the solvency supervision of the insurance industry in 2021, and the solvency adequacy ratio indicator remained within a reasonable range.

At the end of 2021, the average comprehensive solvency adequacy ratio of the insurance industry was 232.1%, and the average core solvency adequacy ratio was 219.7%, which were at a relatively high level.

　　The average comprehensive solvency adequacy ratios of property insurance companies, life insurance companies, and reinsurance companies were 283.7%, 222.5%, and 311.2%, respectively, up 5.8 percentage points year-on-year, down 17.1 percentage points, and down 8.1 percentage points.

　　In 2021, the China Banking and Insurance Regulatory Commission will make a total of 2,532 administrative penalty decisions in the insurance sector, punishing 1,442 institutions, punishing 2,066 persons responsible, issuing 2,429 warnings per person, fined and confiscated a total of 339 million yuan, and ordered to stop accepting new business for 19 times. Ordered to suspend business for 2 times for rectification, restricted the scope of business for 2 times, revoked 25 people's qualifications, and banned 9 people from practicing.

　　At the end of 2021, the actual solvency capital of the insurance industry will be 5.1 trillion yuan, a year-on-year increase of 0.2%; the actual capital of property insurance companies, life insurance companies, and reinsurance companies will be 0.7 trillion yuan, 4.2 trillion yuan, and 0.2 trillion yuan, respectively. , increased by 2.3%, decreased by 0.8%, and increased by 16.3% year-on-year respectively.

In 2021, the industry's net profit will be 219.7 billion yuan, a year-on-year decrease of 30%.

　　Among them, the net profits of property insurance companies, life insurance companies and reinsurance companies were 54 billion yuan, 156.6 billion yuan and 9.1 billion yuan respectively, an increase of 5%, a decrease of 39% and an increase of 7% respectively.

In 2021, the insurance industry will supplement 71.748 billion yuan of exogenous capital, of which 20 insurance companies will increase capital by 17.479 billion yuan, and 21 insurance companies will issue capital supplementary bonds and subordinated term debts of 54.269 billion yuan.

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