Chinanews.com, March 4th. According to the website of the China Banking and Insurance Regulatory Commission, the China Banking and Insurance Regulatory Commission recently held a working meeting of the Solvency Supervision Committee. The meeting analyzed the solvency and risk situation of the insurance industry in 2020 and reviewed the comprehensive risk rating of insurance companies in the fourth quarter. As a result, the regulatory measures for some companies have deployed related work in the next phase.
The meeting mentioned that at the end of the fourth quarter of 2020, the average comprehensive solvency adequacy ratio of the 178 insurance companies included in the meeting was 246.3%, and the average core solvency adequacy ratio was 234.3%.
The average comprehensive solvency adequacy ratios of life insurance companies, property insurance companies, and reinsurance companies were 239.6%, 277.9%, and 319.3%, respectively.
The comprehensive risk rating of 100 insurance companies was rated A, 71 insurance companies were rated B, 3 insurance companies were rated C, and 3 insurance companies were rated D.
The meeting emphasized that the China Banking and Insurance Regulatory Commission will be based on the new development stage, implement the new development concept, build a new development pattern, strive to overcome the adverse effects of the new crown pneumonia epidemic, and respond calmly and vigorously to various risks and challenges, the insurance industry is operating steadily, and the solvency adequacy ratio is maintained at a reasonable level Interval operation; resolutely maintain the bottom line of no systemic risks, enhance the awareness of danger, strengthen confidence in winning, and do a good job in the supervision of the solvency of the insurance industry in the first year of the "14th Five-Year Plan", and promote the high-quality development of the insurance industry.