China’s State Financial Regulatory Commission has publicly solicited opinions on the draft for public comment ‘Measures for Asset and Liability Management of Insurance Companies’.
The measures are an important step to enhance the resilience of the insurance industry and improve the prudent regulatory system.
In addition, the measures set forth asset-liability management objectives and principles, standardise the asset-liability management governance system, policies, and procedures, clarify model systems and data management requirements, establish regulatory and monitoring indicators, and improve relevant regulatory measures to strengthen supervision and management.
Next, the State Financial Regulatory Commission will revise, improve, and implement the measures based on the public consultation and industry testing results.