Review of the Chinese reinsurance regulatory framework

As part of the revision of the reinsurance regulatory framework, the China Banking and Insurance Regulatory Commission (CBIRC) has introduced new draft laws.

The legislative proposals include the following requirements:

• insurance companies are to establish reinsurance strategies.
• the supervision of reinsurance activities must be strengthened with requirements regarding the concentration of reinsurance activities, risks accepted from abroad and liquidity management.
• Reinforcement of the management of reinsurance contracts with the preparation of relevant documents.