Published: 8:01pm, 10 Jul, 2016 Updated: 2:54pm, 20 Jul, 2018
The China Insurance Industry Commission has selected 16 major insurers to provide coverage as part of a plan to strengthen domestic systematically important insurers ( D - SII ) . Those selected will face additional regulatory burdens including tighter capital scrutiny , enhanced supervision and recovery and risk 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 .