China's Insurance Regulatory and Supervisory Regime - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China's Insurance Regulatory and Supervisory Regime write by Wenyu Qian. This book was released on 2019-09-25. China's Insurance Regulatory and Supervisory Regime available in PDF, EPUB and Kindle. The book closely examines the essential aspects of Chinas insurance regulatory and supervisory regime, including rule-making, supervisory objectives, supervisory review process, supervisory measures, supervisory transparency and public consultation. The research aim is to identify the weaknesses inherent in Chinas insurance regulatory model and supervisory mechanisms, and to seek the appropriate ways of resolving these weaknesses. The analysis is conducted through a comparison with the regulatory and supervisory approaches under the EUs Solvency II regime, which serve as a point of reference to facilitate the determination of the foregoing weaknesses and the corresponding resolutions. Dr. Wenyu Qian, LL.M. specialises in insurance and banking law. He has researched into financial law at the universities in Frankfurt and Shanghai for years. His current research interest is in insurance regulation.
People's Republic of China Strengthening the Insurance Industry Regulatory and Supervising System
People's Republic of China Strengthening the Insurance Industry Regulatory and Supervising System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook People's Republic of China Strengthening the Insurance Industry Regulatory and Supervising System write by Asian Development Bank. This book was released on 2003. People's Republic of China Strengthening the Insurance Industry Regulatory and Supervising System available in PDF, EPUB and Kindle. This report focuses on the important role of insurance in China's rapidly growing economy. Working with China's Insurance Regulatory Commission, the Asian Development Bank developed this work in response to China's insurance problems, such as weak regulatory and supervisory frameworks and limited investment options for insurance companies. The report advocates the development of a strong, risk-based insurance industry and facilitation of the ongoing social security reform processes within China.
The Regulation of Insurance in China
The Regulation of Insurance in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Regulation of Insurance in China write by Zhen Jing. This book was released on 2021-06-27. The Regulation of Insurance in China available in PDF, EPUB and Kindle. With the rapid development of China’s insurance industry and the opening of the Chinese insurance market to the world, Chinese insurance law and regulation has become an increasingly relevant topic for insurance practitioners and academics. The Regulation of Insurance in China therefore provides a much needed analysis of the Chinese regulatory system. This is the first systematic text written in English on the regulation of insurance in China and provides a comprehensive and systematic analysis of rules of law and administrative regulations on China’s insurance industry and insurance market, covering four level of regulatory hierarchy − the statutory law, the regulations enacted by the central government (the State Council), the regulations developed by the insurance supervision and regulation authority of the State Council, and self-regulations by the insurance industry. This book is essential reading for insurance companies and legal practitioners looking to do business in China, as well as reference for lawyers practising insurance law. It is also a useful resource for students and academics studying Chinese law.
People's Republic of China Financial Sector Assessment Program
People's Republic of China Financial Sector Assessment Program - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook People's Republic of China Financial Sector Assessment Program write by Internationaler Währungsfonds. This book was released on 2017. People's Republic of China Financial Sector Assessment Program available in PDF, EPUB and Kindle. The Chinese insurance sector is experiencing rapid growth, posing particular challenges to effective supervision. The sector has been growing by over 20 percent a year and there are ambitious government targets for further development. Many individual, often newer, companies are growing at rates far in excess of the average. New entrants, products and distribution channels, combined with the liberalization of pricing, have increased competition. At the same time, slower economic growth and reduced investment returns are exposing many established life insurers to the risk of loss due to the rising value of their liabilities. Many non-life companies are moving into new lines of business as margins in established lines erode. While their customers continue to benefit from a dynamic market, there are risks to insurance companies' business models, performance and to solvency as well as risks of misconduct in the treatment of insurance customers. There are particular challenges for insurance supervisors to remain abreast of developing risks, while continuing to strengthen the regulatory and supervisory system for the longer term. The China Insurance Regulatory Commission (CIRC) has been undertaking far-reaching reforms and modernization since the 2011 FSAP. It has focused its work on improving corporate governance, enforcing sound market conduct and reshaping the solvency standards into a modern, risk-based approach. The China-Risk Oriented Solvency Standards (C-ROSS) draw on international practices and experience in the Chinese market to define solvency requirements that generally reflect risk as well as rewarding sound risk management. By linking the framework to an in-depth assessment of risk management, C-ROSS has also equipped CIRC with a strengthened overall supervisory framework for solvency risk. As a result, CIRC has felt confident to relax or remove less risk-based requirements such as new product (and reinsurance contract) approval as well as detailed limits on insurers' investments. In parallel with regulatory changes, it has been working to reform and develop the insurance market, liberalizing pricing controls and accommodating the development of new products, although restrictions remain on the access of foreign insurers, especially in life insurance.
People’s Republic of China
People’s Republic of China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook People’s Republic of China write by International Monetary Fund. This book was released on 2012-04-05. People’s Republic of China available in PDF, EPUB and Kindle. This paper presents a detailed assessment report on the observance of China’s compliance with the International Association of Insurance Supervisor's insurance core principles. The China Insurance Regulatory Commission employs a rules-based framework and has achieved a high level of regulatory compliance from supervised companies. The market demand for skilled resources continues to increase and must be satisfied if the projected rate of development is to be sustained; compromises on the suitability of personnel should be avoided at all costs.
