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Regulatory Commission for Insurance of Banks: the insurance industry worked flawlessly in the first quarter.



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Banking Regulatory Commission website2019-06-06 19:03:15

Brief introduction: In the first quarter, the insurance industry consistently worked, the coefficient of leverage was stable and decreased, and the solvency ratio remained high. The comprehensive results of the risk ratings were stable and positive. At present, the external economic environment is generally strained, the domestic economy is under pressure, the insurance industry must retain its strength, prevent and control the risks on the basis of steady growth and continuously improve the quality and efficiency of the insurance industry for to serve the real economy.

A few days ago, the Chinese Banking Regulatory Commission held a working meeting of the Solvency Supervision Committee and Vice President Zhou Liang of China's Insurance Regulatory Commission, which chaired the meeting. The meeting analyzed the state of solvency and risk of the insurance industry in the first quarter of 2019, reviewed the comprehensive results of the risk ratings of insurance companies and regulatory measures for some companies and set the next phase of the solvency and prevention supervision and control risk.

The meeting noted that the current solvency of the insurance industry is sufficient and stable. At the end of the first quarter of 2019, the total solvency ratio of 178 insurance companies included in this meeting amounted to 245.3%, representing an increase of 3.3 percentage points from the previous quarter, and the basic solvency adequacy ratio 233.4%, which is 2.8 percentage points from the previous quarter. Among them, the rates of adequacy of the overall solvency of the insurance companies, the insurance companies for personal and reinsurance companies were 271.8%, 238.3% and 335.7%, respectively. After the review, 104 insurance companies were rated as Class A companies at comprehensive risk, 70 were rated as Class B, 1 was rated as a Class C company, and 2 were rated as Class A companies.

The meeting noted that after multiple measures and centralized management, the transformation and development of the insurance industry has achieved positive results, the insurance protection function has increased, and the risks in the insurance industry are generally controlled. In the first quarter, the insurance industry worked steadily, the coefficient of leverage was stable and decreased, and the solvency ratio remained high. The comprehensive results of the risk ratings were stable and positive. At present, the external economic environment is generally strained, the domestic economy is under pressure, the insurance industry must retain its strength, prevent and control the risks on the basis of steady growth and continuously improve the quality and efficiency of the insurance industry for to serve the real economy.

The meeting stressed that the Chinese Banking Regulatory Commission should take Xi Kinping's new era of socialism with Chinese characteristics as a guide and seize the opportunity to implement the theme "not forgetting the original heart and remembering the mission," he is conscientiously implementing the process of decision-making and deployment of the Central Committee of the Party and the State Council and adheres to a general tone of continuous progress. Continue to deepen structural reform on the side of the financial supply, to honestly do a good job in solvency control and risk prevention and control, and continuously promote the high quality development of the insurance industry.

The meeting was attended by the person in charge of the respective department of the meeting body.

Editor: Luo Wei


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