People's Republic of China Financial Sector Assessment Program : IAIS Insurance Core Principles
Insurance companies in China are closely supervised and generally subjected to appropriate regulation. The China Insurance Regulatory Commission (CIRC) employs a rules based framework and has achieved a high level of regulatory compliance from supe...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/670211468221383136/China-IAIS-insurance-core-principles-detailed-assessment-of-observance http://hdl.handle.net/10986/26545 |
| id |
okr-10986-26545 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ACTUARIES ADVANCED ECONOMY APPLICATIONS ASSET LIABILITY MATCHING ASSET MANAGEMENT ASSURANCE AUDIT COMMITTEE AUDITORS AUDITS BALANCE SHEET BANK DEPOSITS BENEFICIARIES BRANCH LICENSING BUSINESS CASES BUSINESS DEVELOPMENT BUSINESS PLANNING CAPITAL ADEQUACY CAPITAL MARKET CAPITAL REQUIREMENT CDS CENTRAL BANK CHECKS COMPANY LAW COMPENSATION CONFIDENTIALITY CONSUMER PROTECTION CONSUMERS CONTINGENCY PLAN CONTINGENCY PLANNING CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE STANDARDS COST OF CAPITAL COVERAGE CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT RISK CREDIT STANDING DERIVATIVES DIVERSIFIED MARKET DIVIDENDS DOMESTIC BONDS DOMESTIC CURRENCY DOMESTIC INTEREST RATE DOMESTIC MARKET EMERGING MARKET ETHICAL BEHAVIOR EXPOSURES FINANCIAL CRISIS FINANCIAL EQUITY FINANCIAL INFORMATION FINANCIAL MARKET FINANCIAL PERFORMANCE FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SERVICES FINANCIAL STABILITY FOREIGN INSURERS FRAUD GOVERNANCE REGULATION GOVERNANCE STANDARDS GROWTH RATES HEDGES INCOME LEVELS INFLATION INFORMATION DISCLOSURE INFORMATION SHARING INFORMATION SYSTEM INFORMATION TECHNOLOGY INSPECTIONS INSURANCE INSURANCE ACTIVITY INSURANCE AGENTS INSURANCE BROKERS INSURANCE CLAIMS INSURANCE COMMISSIONERS INSURANCE COMPANY INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE LAW INSURANCE LICENSES INSURANCE MARKET INSURANCE PREMIUM INSURANCE PRODUCTS INSURANCE REGULATION INSURANCE STATISTICS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INTEGRITY INTEREST RATE RISK INTEREST RATE SWAPS INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL COOPERATION INTERNATIONAL FINANCIAL MARKET INTERNATIONAL INSURANCE INTERNATIONAL INSURANCE GROUP INVESTMENT INCOME INVESTMENT MANAGEMENT INVESTMENT REQUIREMENTS INVESTMENT RISK ISSUANCE JOINT STOCK COMPANIES JOINT VENTURES JURISDICTION LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL SYSTEM LEVEL PLAYING FIELD LIABILITY LIABILITY MANAGEMENT LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURERS LIMITED LIABILITY LIMITED LIABILITY COMPANY MARKET CONDITIONS MARKET DEMAND MARKET DISCIPLINE MARKET ENTRY MARKET ENVIRONMENT MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET PLAYERS MARKET SHARE MARKET STRUCTURE MEDICAL INSURANCE MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGE MARKETS MOTOR INSURANCE NON-LIFE INSURANCE OPPORTUNITY COST OUTPUT OUTSOURCING PERFORMANCE DATA POLICYHOLDERS PORTFOLIO PRIVATE SECTOR DEVELOPMENT PROFIT MARGIN PROPERTY INSURANCE PROPERTY INSURERS PROTECTION OF POLICYHOLDERS PRUDENTIAL SUPERVISION QUALITY OF ASSETS RAPID GROWTH RATES REGULATORS REGULATORY BODIES REGULATORY BODY REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY PRACTICES REGULATORY STRUCTURE REINSURANCE REINSURERS RESERVE RETURN RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SECURITIES SECURITIES MARKETS SECURITIES REGULATOR SHAREHOLDER SOCIAL DEVELOPMENT SOLVENCY SOLVENCY REQUIREMENTS SOLVENCY SUPERVISION STOCK INDEX STOCK INDEX FUTURES STOCKS SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY FRAMEWORK SUPERVISORY REPORTING REQUIREMENTS SUPERVISORY SYSTEM TERRORISM TRANSPARENCY UNDERWRITING VALUATION VOLATILITY WITHDRAWAL |
| spellingShingle |
ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ACTUARIES ADVANCED ECONOMY APPLICATIONS ASSET LIABILITY MATCHING ASSET MANAGEMENT ASSURANCE AUDIT COMMITTEE AUDITORS AUDITS BALANCE SHEET BANK DEPOSITS BENEFICIARIES BRANCH LICENSING BUSINESS CASES BUSINESS DEVELOPMENT BUSINESS PLANNING CAPITAL ADEQUACY CAPITAL MARKET CAPITAL REQUIREMENT CDS CENTRAL BANK CHECKS COMPANY LAW COMPENSATION CONFIDENTIALITY CONSUMER PROTECTION CONSUMERS CONTINGENCY PLAN CONTINGENCY PLANNING CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE STANDARDS COST OF CAPITAL COVERAGE CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT RISK CREDIT STANDING DERIVATIVES DIVERSIFIED MARKET DIVIDENDS DOMESTIC BONDS DOMESTIC CURRENCY DOMESTIC INTEREST RATE DOMESTIC MARKET EMERGING MARKET ETHICAL BEHAVIOR EXPOSURES FINANCIAL CRISIS FINANCIAL EQUITY FINANCIAL INFORMATION FINANCIAL MARKET FINANCIAL PERFORMANCE FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SERVICES FINANCIAL STABILITY FOREIGN INSURERS FRAUD GOVERNANCE REGULATION GOVERNANCE STANDARDS GROWTH RATES HEDGES INCOME LEVELS INFLATION INFORMATION DISCLOSURE INFORMATION SHARING INFORMATION SYSTEM INFORMATION TECHNOLOGY INSPECTIONS INSURANCE INSURANCE ACTIVITY INSURANCE AGENTS INSURANCE BROKERS INSURANCE CLAIMS INSURANCE COMMISSIONERS INSURANCE COMPANY INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE LAW INSURANCE LICENSES INSURANCE MARKET INSURANCE PREMIUM INSURANCE PRODUCTS INSURANCE REGULATION INSURANCE STATISTICS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INTEGRITY INTEREST RATE RISK INTEREST RATE SWAPS INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL COOPERATION INTERNATIONAL FINANCIAL MARKET INTERNATIONAL INSURANCE INTERNATIONAL INSURANCE GROUP INVESTMENT INCOME INVESTMENT MANAGEMENT INVESTMENT REQUIREMENTS INVESTMENT RISK ISSUANCE JOINT STOCK COMPANIES JOINT VENTURES JURISDICTION LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL SYSTEM LEVEL PLAYING FIELD LIABILITY LIABILITY MANAGEMENT LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURERS LIMITED LIABILITY LIMITED LIABILITY COMPANY MARKET CONDITIONS MARKET DEMAND MARKET DISCIPLINE MARKET ENTRY MARKET ENVIRONMENT MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET PLAYERS MARKET SHARE MARKET STRUCTURE MEDICAL INSURANCE MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGE MARKETS MOTOR INSURANCE NON-LIFE INSURANCE OPPORTUNITY COST OUTPUT OUTSOURCING PERFORMANCE DATA POLICYHOLDERS PORTFOLIO PRIVATE SECTOR DEVELOPMENT PROFIT MARGIN PROPERTY INSURANCE PROPERTY INSURERS PROTECTION OF POLICYHOLDERS PRUDENTIAL SUPERVISION QUALITY OF ASSETS RAPID GROWTH RATES REGULATORS REGULATORY BODIES REGULATORY BODY REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY PRACTICES REGULATORY STRUCTURE REINSURANCE REINSURERS RESERVE RETURN RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SECURITIES SECURITIES MARKETS SECURITIES REGULATOR SHAREHOLDER SOCIAL DEVELOPMENT SOLVENCY SOLVENCY REQUIREMENTS SOLVENCY SUPERVISION STOCK INDEX STOCK INDEX FUTURES STOCKS SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY FRAMEWORK SUPERVISORY REPORTING REQUIREMENTS SUPERVISORY SYSTEM TERRORISM TRANSPARENCY UNDERWRITING VALUATION VOLATILITY WITHDRAWAL International Monetary Fund World Bank People's Republic of China Financial Sector Assessment Program : IAIS Insurance Core Principles |
| geographic_facet |
East Asia and Pacific East Asia China |
| description |
Insurance companies in China are closely
supervised and generally subjected to appropriate
regulation. The China Insurance Regulatory Commission (CIRC)
employs a rules based framework and has achieved a high
level of regulatory compliance from supervised companies.
This assessment of the People's Republic of
China's compliance with International Association of
Insurance Supervisors (IAIS) Insurance Core Principles (ICP)
was carried out as part of the 2010 Financial Sector
Assessment Program (FSAP). The CIRC has principal
responsibility over insurance regulation in China and
conducts its duties through its headquarters in Beijing and
35 regional branches, the insurance bureaus. Insurance
supervision is not limited to the CIRC, as it is affected by
high level regulations issued by the state council. |
| format |
Report |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
People's Republic of China Financial Sector Assessment Program : IAIS Insurance Core Principles |
| title_short |
People's Republic of China Financial Sector Assessment Program : IAIS Insurance Core Principles |
| title_full |
People's Republic of China Financial Sector Assessment Program : IAIS Insurance Core Principles |
| title_fullStr |
People's Republic of China Financial Sector Assessment Program : IAIS Insurance Core Principles |
| title_full_unstemmed |
People's Republic of China Financial Sector Assessment Program : IAIS Insurance Core Principles |
| title_sort |
people's republic of china financial sector assessment program : iais insurance core principles |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/670211468221383136/China-IAIS-insurance-core-principles-detailed-assessment-of-observance http://hdl.handle.net/10986/26545 |
| _version_ |
1764461468438233088 |
| spelling |
okr-10986-265452021-04-23T14:04:35Z People's Republic of China Financial Sector Assessment Program : IAIS Insurance Core Principles International Monetary Fund World Bank ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ACTUARIES ADVANCED ECONOMY APPLICATIONS ASSET LIABILITY MATCHING ASSET MANAGEMENT ASSURANCE AUDIT COMMITTEE AUDITORS AUDITS BALANCE SHEET BANK DEPOSITS BENEFICIARIES BRANCH LICENSING BUSINESS CASES BUSINESS DEVELOPMENT BUSINESS PLANNING CAPITAL ADEQUACY CAPITAL MARKET CAPITAL REQUIREMENT CDS CENTRAL BANK CHECKS COMPANY LAW COMPENSATION CONFIDENTIALITY CONSUMER PROTECTION CONSUMERS CONTINGENCY PLAN CONTINGENCY PLANNING CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE STANDARDS COST OF CAPITAL COVERAGE CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT RISK CREDIT STANDING DERIVATIVES DIVERSIFIED MARKET DIVIDENDS DOMESTIC BONDS DOMESTIC CURRENCY DOMESTIC INTEREST RATE DOMESTIC MARKET EMERGING MARKET ETHICAL BEHAVIOR EXPOSURES FINANCIAL CRISIS FINANCIAL EQUITY FINANCIAL INFORMATION FINANCIAL MARKET FINANCIAL PERFORMANCE FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SERVICES FINANCIAL STABILITY FOREIGN INSURERS FRAUD GOVERNANCE REGULATION GOVERNANCE STANDARDS GROWTH RATES HEDGES INCOME LEVELS INFLATION INFORMATION DISCLOSURE INFORMATION SHARING INFORMATION SYSTEM INFORMATION TECHNOLOGY INSPECTIONS INSURANCE INSURANCE ACTIVITY INSURANCE AGENTS INSURANCE BROKERS INSURANCE CLAIMS INSURANCE COMMISSIONERS INSURANCE COMPANY INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE LAW INSURANCE LICENSES INSURANCE MARKET INSURANCE PREMIUM INSURANCE PRODUCTS INSURANCE REGULATION INSURANCE STATISTICS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INTEGRITY INTEREST RATE RISK INTEREST RATE SWAPS INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL COOPERATION INTERNATIONAL FINANCIAL MARKET INTERNATIONAL INSURANCE INTERNATIONAL INSURANCE GROUP INVESTMENT INCOME INVESTMENT MANAGEMENT INVESTMENT REQUIREMENTS INVESTMENT RISK ISSUANCE JOINT STOCK COMPANIES JOINT VENTURES JURISDICTION LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL SYSTEM LEVEL PLAYING FIELD LIABILITY LIABILITY MANAGEMENT LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURERS LIMITED LIABILITY LIMITED LIABILITY COMPANY MARKET CONDITIONS MARKET DEMAND MARKET DISCIPLINE MARKET ENTRY MARKET ENVIRONMENT MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET PLAYERS MARKET SHARE MARKET STRUCTURE MEDICAL INSURANCE MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGE MARKETS MOTOR INSURANCE NON-LIFE INSURANCE OPPORTUNITY COST OUTPUT OUTSOURCING PERFORMANCE DATA POLICYHOLDERS PORTFOLIO PRIVATE SECTOR DEVELOPMENT PROFIT MARGIN PROPERTY INSURANCE PROPERTY INSURERS PROTECTION OF POLICYHOLDERS PRUDENTIAL SUPERVISION QUALITY OF ASSETS RAPID GROWTH RATES REGULATORS REGULATORY BODIES REGULATORY BODY REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY PRACTICES REGULATORY STRUCTURE REINSURANCE REINSURERS RESERVE RETURN RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SECURITIES SECURITIES MARKETS SECURITIES REGULATOR SHAREHOLDER SOCIAL DEVELOPMENT SOLVENCY SOLVENCY REQUIREMENTS SOLVENCY SUPERVISION STOCK INDEX STOCK INDEX FUTURES STOCKS SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY FRAMEWORK SUPERVISORY REPORTING REQUIREMENTS SUPERVISORY SYSTEM TERRORISM TRANSPARENCY UNDERWRITING VALUATION VOLATILITY WITHDRAWAL Insurance companies in China are closely supervised and generally subjected to appropriate regulation. The China Insurance Regulatory Commission (CIRC) employs a rules based framework and has achieved a high level of regulatory compliance from supervised companies. This assessment of the People's Republic of China's compliance with International Association of Insurance Supervisors (IAIS) Insurance Core Principles (ICP) was carried out as part of the 2010 Financial Sector Assessment Program (FSAP). The CIRC has principal responsibility over insurance regulation in China and conducts its duties through its headquarters in Beijing and 35 regional branches, the insurance bureaus. Insurance supervision is not limited to the CIRC, as it is affected by high level regulations issued by the state council. 2017-05-09T15:20:44Z 2017-05-09T15:20:44Z 2012-03 Report http://documents.worldbank.org/curated/en/670211468221383136/China-IAIS-insurance-core-principles-detailed-assessment-of-observance http://hdl.handle.net/10986/26545 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work East Asia and Pacific East Asia China |