People’s Republic of China: Detailed Assessment Report: IAIS Insurance Core Principles
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Summary:
This paper presents a detailed assessment report on the observance of China’s compliance with the International Association of Insurance Supervisor's insurance core principles. The China Insurance Regulatory Commission employs a rules-based framework and has achieved a high level of regulatory compliance from supervised companies. The market demand for skilled resources continues to increase and must be satisfied if the projected rate of development is to be sustained; compromises on the suitability of personnel should be avoided at all costs.
Series:
Country Report No. 2012/079
Subject:
Financial institutions Financial regulation and supervision Financial sector policy and analysis Insurance Insurance companies Insurance supervision Internal controls Revenue administration Solvency
English
Publication Date:
April 5, 2012
ISBN/ISSN:
9781475502978/1934-7685
Stock No:
1CHNEA2012002
Pages:
52
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