KUALA LUMPUR, March 12 (Bernama) -- 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.
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