News China10 Dec 2021

Insurance sector shifts approach for C-ROSS Phase Two

| 10 Dec 2021

Market participants expect revisions to be made to the capital requirements associated with non-life insurers' insurance risk and certain asset classes, so as to reflect more accurately the risks to which insurers are exposed on the implementation of China Risk Oriented Solvency System (C-ROSS) Phase Two, says Fitch Ratings.

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