Building a New Regulatory System for the Solvency of Insurance Companies

November 10, 2008 | BY

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The promulgation of the Provisions for the Administration of the Solvency of Insurance Companies shows just how far China's insurance industry has developed through a regulatory framework which has come about following years of organic development. By Lü Guoming*, Dr. Xu Guojian & Pek-Siang Tee, Boss & Young, Shanghai.

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TheProvisions for the Administration of the Solvency of Insurance Companies (保险公司偿付能力管理规定) (2008 Provisions), originally announced by the China Insurance Regulatory Commission (CIRC) on July 10 2008, came into effect on September 1 2008. On the same day, theProvisions