China Insurance Regulator to Designate Local Systematically Important Insurers

25 April 2016
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Key takeaways

  • China’s insurance regulator will designate a list of Chinese “systematically important insurers” (“SIIs”) and issue a series of regulations to supervise SIIs.
  • It is believed that the Chinese SII regulation would be in addition to international regulation for “global systematically important insurers”, as well as the recently enacted C-ROSS solvency regulation for Chinese insurers generally.