Total assets of Chinese insurance companies rise by 9.1% to RMB 27.1trn

Written by Adam Cadle

02/03/2023

Total assets of Chinese insurance companies amounted to RMB 27.1trn at the end of Q4 2022, an increase of RMB 2.3trn and up by 9.1% from the beginning of the year, the China Banking and Insurance Regulatory Commission (CBIRC) has said.

Compared with the beginning of the year, assets of property and casualty insurance companies registered RMB 2.7trn, up by 9%; assets of life insurance companies reached RMB 23.4trn, up by 9.3%; assets of reinsurance companies recorded RMB 671.9bn, and assets of insurance asset management companies were RMB 103.6bn, up by 0.6%.

In 2022, Chinese insurance companies recorded primary insurance premium income of RMB 4.7trn up by 4.6% year on year.

At the end of Q3 2022, the average comprehensive solvency ratio of the 181 insurance companies under the review of Solvency Supervisory Committee was 212%, and the average core solvency ratio was 139.7%. For the comprehensive risk rating, 43 insurance companies were rated as Class A, 114 as Class B, 15 and Class C and 9 and Class D.

There are no related documents to show at this time.

Portfolio optimisation in today’s challenging market environment

Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it

The role ETFs can play in the ESG journey for insurers

Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing