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Home Association News A.M. Best Briefing: C-ROSS

A.M. Best Briefing: C-ROSS

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A.M. Best Briefing: China's Regulator Strengthens Governance and Capitalization of the Reinsurance Sector

HONG KONG - MARCH 2015

A.M. Best has released a new briefing that explores the impact of China's second-generation solvency regime known as the China Risk Oriented Solvency System (C-ROSS) on insurance companies operating in the country. C-ROSS, which was implemented by the China Insurance Regulatory Commission (CIRC) in February 2015, is effective immediately; however, a transitional period will allow insurance companies to follow the current solvency regime while simultaneously submitting a solvency report based on the new requirements.

View full report here.

 

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