Risk in spotlight for Chinese regulators

Ik Wei Chong of Clyde & co

China has been undergoing significant legal and regulatory reform in the (re)insurance sector for some time and this is set to continue into 2017.  The China Insurance Regulatory Commission (CIRC) first announced plans to implement a new solvency regime in March 2012. After several years of consultation and testing, the CIRC published the China Risk Oriented Solvency System (C-ROSS) rules in…

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