News China17 Jun 2022

Analyst says C-ROSS II brings in a slew of positive changes that anchor the insurance sector

| 17 Jun 2022

Phase II of the China Risk-Orientated Solvency System (C-ROSS II) -- the implementation of which started on the financial reports of insurers for the first quarter of 2022-- ushers in new capital planning requirements for insurers, regulating market risk, investment risk, and credit risk. These new rules are ultimately aimed at strengthening insurers' capital bases, although solvency ratios may decline in the short term, says Ms Mitali Chatterjee, who is a part of Research & Engagement (R&E) team within Swiss Re Institute, India.

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