Chinese insurers maintain a high solvency level

China's insurance market continues to grow in the first half of 2022, maintaining a strong solvency level.

According to the China Banking and Insurance Regulatory Commission (CBRIC), the average overall solvency ratio of the 180 insurers examined by the CBRIC is 224.2% as of the end of March 2022. The average basic solvency ratio is set at 150%.

More specifically, the average solvency ratio of non-life insurance companies stands at 236.3% while that of life companies is 219.3%. For reinsurance companies, this ratio amounts to 298.5%.