Only two insurers do not meet minimum solvency standards

According to China Insurance Regulatory Commission (CIRC), 98.6% of insurers held a solvency margin equal to or greater than the minimum required in 2013. Only two life insurers failed to meet this criterion. Among life insurers, 90% were in the range of 150% - 200% and 7% in the range of 100% - 150%. In non life insurance, these ratios were 93% and 7%.

Meanwhile, CIRC has conducted a risk assessment of 128 insurers according to their portfolio profile. The classification was then carried out in four groups A to D with A rating for the least risky insurers. Among the companies tested, 36 fell into the A category, 87 in group B, one in C and four in D.

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