Call for Comments on Measures on Supervision of Effective Onshore Assets of Foreign Invested Reinsurers

2016-11-14 | Beijing

On 14 November, the European Chamber Insurance Working Group submitted a letter to the CIRC Financial Accounting Department Solvency Regulatory Division, in order to raise our concerns on the draft of the Measures on Supervision of Effective Onshore Assets of Foreign Invested Reinsurers. The Working Group was concerned that the Call for Comments on the draft that would impact the reinsurance industry was addressed to only 7 reinsurers. In order to support the position of the Chamber members, the Chamber issued a letter to echo the voice of the members and requested the CIRC to include the Chamber in a wider public consultation for the draft.