The China Insurance Regulatory Commission (CIRC) said in a report that China's insurance industry kept sound solvency condition in the first half of 2015, with the solvency adequacy ratio at 267 percent.
The CIRC also said the second generation of payment capability assessment system is risk oriented and more comprehensive and sensitive, which can better guide insurance companies to adjust operational principles, market strategy and risk management.
By the end of the second quarter, the solvency adequacy ratio of 11 companies did not meet the standards set by the CIRC, and the number was larger compared with applying the first generation of assessment system.
The CIRC also warned that although solvency situation of Chinese insurers was good in the first half, the challenges faced by the industry should not be ignored due to complicated domestic economic situation and the recent turbulence in capital market.
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