China Insurance Regulatory Commission, Circular on Issues Relevant to Reinsurance Business Safety
中国保险监督管理委员会关于再保险业务安全性有关问题的通知
More stringent risk management required of reinsurance cedents.
为调控迅速生长的再保险业务, 《通知》指示再保险公司建立风险管理机制, 并规定再保险公司的最低财务实力评级, 实收货币资本金, 偿付能力和商业往绩。《通知》适用于自2008 年1月1 日以后的再保险合同和转分保合同,
Date:
December 2007
CLP Reference: 3900/07.11.15
Promulgated: 15 November 2007
Keywords (click to search): [PRC insurance market] [Chinese reinsurance market] [risk assessment system] [risk prevention] [risk dispersion] [risk management] [risk monitoring] [risk aversion] [risk strategy]
Main Contents: The Circular requires reinsurance cedents to establish sound risk management mechanisms and strengthen their management of the risks involved in reinsurance business. It also sets forth the requirements for selection of a reinsurer by a reinsurance cedent.
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