People’s Republic of China: Detailed Assessment Report: IAIS Insurance Core Principles

April 5, 2012

Preview Citation

Format: Chicago

People’s Republic of China: Detailed Assessment Report: IAIS Insurance Core Principles, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

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.

Subject: Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Insurance supervision, Internal controls, Revenue administration, Solvency

Keywords: CIRC HQ, CIRC processes, CIRC regulation, Corporate governance, CR, Global, Group company, Insurance, Insurance companies, Insurance coverage, Insurance law, Insurance market, Insurance supervision, Interest rate, Internal controls, ISCR, Risk assessment, Risk management, Solvency, State council

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/079
Stock No:

1CHNEA2012002
ISBN:

9781475502978
ISSN:

1934-7685

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