China’s top insurance regulator has highlighted the financial health of the country’s insurers.
Figures from the China Banking and Insurance Regulatory Commission (CBIRC) indicate that as of the end of the first quarter Chinese 180 insurance companies assessed by the authority had an average comprehensive solvency adequacy ratio of 224.2%, and an average core solvency adequacy ratio of 150%.
Actual capital was 4.9 trillion yuan, while minimum capital stood at 2.2 trillion yuan.
Property insurance companies, life insurance companies and re-insurance companies had average comprehensive solvency adequacy ratios of 236.3%, 219.3% and 298.5% respectively.
