Chinese insurers maintain adequate solvency in Q3

0 Comment(s)Print E-mail Xinhua, December 12, 2021
Adjust font size:

China's insurance sector maintained steady performance and reported adequate solvency in the third quarter of this year, the country's banking and insurance regulator has said.

The average comprehensive solvency ratio of the 179 insurers reviewed by a regulatory meeting was 240 percent by the end of September, and their average core solvency ratio was 227.3 percent, said the China Banking and Insurance Regulatory Commission (CBIRC).

The sector's solvency ratio has remained at a high level within a reasonable range, and the risks are generally controllable, the CBIRC noted.

Specifically, the average comprehensive solvency ratio of property insurance companies, life insurance companies and reinsurance companies stood at 285.6 percent, 231.6 percent and 307.3 percent, respectively.

The solvency ratio is a key metric to measure an insurer's ability to meet its debt and other obligations.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from