News China03 May 2024

Major Chinese life insurers' revised economic assumptions to enhance risk management

| 03 May 2024

Major listed Chinese insurance groups' recalibration of their economic assumptions in the computation of embedded value (EV) and new business value (NBV) in 2023 will enable them to adeptly manage long-term investment risks, says Fitch Ratings. Major listed insurers lowered their assumptions of investment return and risk discount rates in response to the continued low interest rates in the country.

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