The Influence Of The China Risk Oriented Solvency System On The Movement Of The Insurance's Solvency Ratio In China

In the past thirty years,the insurance industry has been rapidly developed.Insurance business has been expanding,meanwhile more and more types of insurance has been created.The insurance industry is more closely getting contact with other industries.As an important means of risk aversion,the insurance has frequently been used to deal with the problem concerning national economy and people's livelihood.The insurance industry gradually become the important driving force of economic development in China.At the same time,the risk exposure of the insurance market is also more and more obvious.From the viewpoint of the insurance market,many problems are to be solved in insurance's evolution in China,such as how to analyze and evaluate the risk of the insurance company solvency's,how to increase the solvency of the insurance company and how to improve the efficiency of the supervision of solvency risks and so on.At the beginning of 2016,the China Risk Oriented Solvency System(C-ROSS)put into implementation,and the regulatory principles turned to be risk-oriented.The supervision system has made detailed rules about calculation of the insurance company's solvency adequacy ratio,and gives a corresponding evaluation criteria for the insurance company solvency.Thus,in this article,I will start from supervision efficiency of the C-ROSS,and analysis the influence of the C-ROSS on the movement of the insurance company's solvency ratio in China.