The State Administration of Financial Supervision: Continue to strengthen and improve insurance supervision, and firmly hold the bottom line of no systemic financial risks

2023-05-22 02:47:00

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10:47[State Administration of Financial Supervision: Continue to strengthen and improve insurance supervision, and firmly hold the bottom line of no systemic financial risks]A few days ago, the State Administration of Financial Supervision held a working meeting of the Solvency Supervision Committee to analyze the overall insurance industry Capability and risk status, studying the comprehensive risk rating results of insurance companies in the first quarter of 2023. Zhou Liang, member of the Party committee and deputy director of the State Administration of Financial Supervision and Administration, presided over the meeting. The meeting pointed out that the State Administration of Financial Supervision and Administration resolutely implements the centralized and unified leadership of the Party Central Committee on financial work, continues to strengthen and improve insurance supervision, and firmly holds the bottom line of preventing systemic financial risks. In the first quarter of 2023, the development of the insurance industry was better than expected, and the original insurance premium income was 1.95 trillion yuan, a year-on-year increase of 9.2%. In the first quarter, the annualized comprehensive investment yield of insurance funds was 5.24%, showing a positive trend of recovery. The decline in the solvency adequacy ratio narrowed significantly and remained within a reasonable range.

The meeting emphasized that the State Financial Regulatory Administration, under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, will carry out in-depth education on the theme of studying and implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, focusing on preventing and defusing financial risks, serving the real economy and the people, and deepening financial reforms. On key issues such as reform, the style of investigation and research is greatly promoted, and the road of financial development with Chinese characteristics is unswervingly followed, and the data security of the insurance industry is effectively guaranteed, and solvency supervision is continuously strengthened to ensure the safe, stable and efficient operation of the insurance industry.

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