Preventing and Controlling Financial Risks Focusing on Serving the Real Economy: C-ROSS 2017Q3 & 2017Q2 Disclosures
Preventing and Controlling Financial Risks Focusing...
The insurance industry continued with steady growth in the first three quarters of 2017. Returning to the essence of protection and risk management has been the focus for the industry. Product mix was further adjusted. Investment yields were stable, and solvency was adequate. Insurance technology is being accelerated and widely applied in the industry. The insurance industry is improving itself in serving the real economy and national development strategy.
A series of regulations (including consultation papers) on corporate governance, product development, solvency, asset liability management (ALM) were published, which guide the industry to focus on the essence of insurance, enhance the capabilities of risk prevention and control, and utilize the long-term risk management and protection capabilities to serve the real economy.
© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.