China News Service, December 7th. According to the WeChat public account of the China Banking and Insurance Regulatory Commission on the 7th, a few days ago, the China Banking and Insurance Regulatory Commission held the 17th working meeting of the Solvency Supervision Committee, which analyzed the solvency and risk status of the insurance industry, and studied the insurance industry in 2022. Comprehensive risk rating results of insurance companies in the third quarter.
Zhou Liang, member of the Party Committee and Vice Chairman of the China Banking and Insurance Regulatory Commission, presided over the meeting.
At the end of the third quarter, the average comprehensive solvency adequacy ratio of the 181 insurance companies included in the meeting was 212%, and the average core solvency adequacy ratio was 139.7%; the actual capital was 4.71 trillion yuan, and the minimum capital was 2.22 trillion yuan.
The average comprehensive solvency adequacy ratios of property insurance companies, personal insurance companies, and reinsurance companies were 238.9%, 204% and 309.1% respectively; the average core solvency adequacy ratios were 205.3%, 123.8% and 278.5% respectively.
43 insurance companies were rated as Class A in comprehensive risk rating, 114 insurance companies were rated as Class B, 15 insurance companies were rated as Class C, and 9 insurance companies were rated as Class D.
The meeting pointed out that the China Banking and Insurance Regulatory Commission adhered to and strengthened the centralized and unified leadership of the Party Central Committee on financial work, and continued to improve modern financial supervision.
In the next step, on-site inspections of financial accounting and solvency of insurance companies will be carried out on a regular basis, and data fraud will be severely investigated to consolidate the basis for regulatory data; supervision of fund use and solvency will be strengthened, regulatory standards related to non-standard investment will be improved, and asset valuation will be improved. Accuracy, to prevent risks in the use of funds; strengthen risk early warning and stress testing, improve the forward-looking solvency supervision; strengthen risk comprehensive rating notification and interviews, and consolidate the main responsibility of insurance companies for risk prevention and control.
(China New Finance and Economics)