App

China's insurance sector maintains adequate solvency in Q1
Updated: May 28, 2023 14:35 Xinhua

BEIJING, May 28 -- China's insurance sector maintained steady operation and adequate solvency in the first quarter of the year, the country's financial regulator said.

The average comprehensive solvency ratio of the 185 insurers reviewed at a regulatory meeting was 190.3 percent by the end of March, and their average core solvency ratio was 125.7 percent, said the National Financial Regulatory Administration.

The sector saw better-than-expected development, and its solvency ratio remained within an appropriate range in the first quarter, said the administration.

Specifically, the average comprehensive solvency ratios of property insurance companies, life insurance companies, and reinsurance companies stood at 227.1 percent, 180.9 percent, and 277.7 percent, respectively.

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

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218