CBIRC Regulations Governing Information Disclosure By Insurance Companies

On 11 May 2018, the China Banking & Insurance Regulatory Commission (CBIRC) issued Regulations Governing Information Disclosure by Insurance Companies (the Disclosure Regulations).

These Disclosure Regulations replace those of the same name published in 2010, and compared with the 2010 regulations, these Disclosure Regulations require far greater depth and breadth of content of information disclosed (Disclosure) by insurance companies (Insurers). Key requirements of the Disclosure Regulations are:

1. The Disclosure Regulations require that an Insurer Disclose detailed information in eight areas:

• 'Fundamental & Essential' details;
• Financial & Accounting;
• Reserving;
• Risk Management;