The Measures classify establishments of insurance companies into four grades based on the companies' risk positions and impose regulatory measures accordingly.
The Measures set forth provisions on the establishment, scope of business, corporate governance, capital management, information disclosure and oversight in connection with insurance group companies.
A new set of measures has been released to regulate domestic insurance companies as their appetite grows for more business operations. As their scope widens, foreign players are presented with a range of investment opportunities
The Measures set forth the criteria for a commercial bank to take an equity interest in an insurance company and specify the requirements on different aspects of risk management.