System importance insurance company evaluation method solicit opinions for comments

The People's Bank of China announced on July 8th that in order to improve the regulatory framework of my country's systematic financial institutions and establish a system importance insurance company assessment and identification mechanism, the People's Bank of China will draft the "System Important Insurance Company Evaluation Measures (soliciting system importance insurance company assessment methods (soliciting system importance insurance company assessment methods (solicit Draft for Opinions) (hereinafter referred to as the "Measures"), publicly soliciting opinions from the society. The deadline for feedback is August 8, 2022.

"Measures" total four chapters and 20, including general rules, evaluation processes and methods, evaluation indicators and attachments. The main contents include:

The first is to clarify the scope of evaluation. The "Measures" stipulates that the evaluation scope of system importance insurance companies is the top 10 insurance group companies, personal insurance companies, property insurance companies and reinsurance companies in my country's asset scale, as well as the system importance insurance that has been rated as system importance in the previous year. Company's institution.

The second is to clarify the evaluation indicators and weights. The "Measures" designed 12 secondary evaluation indicators of scale, correlation, asset monetization and replacement, and the four dimensions of the four dimensions were 20%, 30%, 30%, and 20%, respectively. Among them, the two -level indicators include two total assets and total income, with a weight of 10%; the secondary indicators of association include assets between financial institutions, liabilities between financial institutions, assets and non -insurance affiliated by third -party entrusted by third -party entrustment. Four institutional assets, the weights are 7.5%; the secondary indicators of asset monetization include short -term financing, third -level assets and capital application complexity, and the weights are all 10%. The number of people, the amount of compensation, and the specific business premium income are 6.7%.

The third is to clarify the specific process of evaluation. The People's Bank of China and the China Banking Regulatory Commission collects evaluation indicators from participating insurance companies each year, calculating the weighted average scores (total scores) of each insurance company, and insurance companies with a score of 1,000 or more will be identified as a systematic insurance company. For insurance companies under 1,000 points, the supervision judgment decision can be determined as a system importance insurance company. After the list was determined by the Financial Commission, it was jointly released by the People's Bank of China and the CBRC. (Liu Qi)

(Editor in charge: Tan Mengtong)

- END -