The China Insurance Regulatory Commission has asked 16 major insurers to provide data as part of a plan to identify domestic systematically important insurers (D-SII). In the first phase of its plan, which is expected to be completed by mid-2018, the commission will ask insurance companies for information on their DSI-listed subsidiaries, including how many are in China, and
The China Insurance Regulatory Commission has asked 16 major insurers to provide data as part of a plan to identify domestic systematically important insurers (D-SII). Insurers selected will face additional regulatory burdens including tighter capital scrutiny, enhanced supervision and recovery and resolution planning requirements similar to the program initiated by the Financial Stability Board, the international agency endorsed by G20 member nations during the post-2008 crisis.