Posts Tagged ‘Zheng (Eva)’



December 23rd, 2015

Update on China Counterparty Risk Charges for Offshore Reinsurers: Part II

Posted at 1:00 AM ET

eva-zheng-sm1001graham-jones-951Eva Zheng and Graham Jones

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It is anticipated that the China Insurance Regulatory Commission (CIRC) will recognize cash deposits (including premiums withheld), letters of credit (LOC) and certain other forms of collateral. LOCs must be issued by domestic banks with a capital adequacy ratio of no less than 11 percent or by overseas financial institutions with credit ratings equal to or higher than AA-. Cedents will be required to report and re-value their counterparty risk on a quarterly basis and adjust collateral positions accordingly.

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December 22nd, 2015

Update on China Counterparty Risk Charges for Offshore Reinsurers: Part I

Posted at 1:00 AM ET

eva-zheng-sm100graham-jones-95Eva Zheng and Graham Jones

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China’s developing insurance market is a potential bright spot for growth in an otherwise challenging landscape for global reinsurers. Driven by a maturing economy and expected increases in household penetration ratios, property/casualty insurance premium, totaling USD 121.6 billion in 2014 (1), is projected to increase to roughly USD 300 billion by 2030 (2).  

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