[ET Net News Agency, 25 May 2018] The China Banking and Insurance Regulatory Commission
(CBIRC) published its roadmap and timetable for C-ROSS (China Risk Oriented Solvency
System) Phase II, targeting to complete 36 projects by the end of June 2020.
Nomura expects the amendments may further tighten capital adequacy under the ongoing
deleveraging process. Especially in terms of core capital of life insurers, the prudent
confirmation on residual margin of inforce policies would directly impact solvency ratio,
EV and NBV on life insurers.
The research house has already factored in the negative impact from the tightening of
regulations on capital requirements, by lowering reported EV by 5% and NBV by 8% in its
valuation models. (KL)
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01508 CHINA RE
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0.510 -0.010 (-1.923%) Others
25/05/2018 11:50
[I-bank focus]C-ROSS phase II may tighten capital adequacy
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