C-ROSS

C-ROSS, short for China Risk-Oriented Solvency System, is a regulatory framework created by the China Insurance Regulatory Commission (CIRC) that governs the insurance industry in China. It was implemented in 2016. ^{[1] [2] [3]}

In 2022 C-ROSS II was implemented, strengthening the provisions of the existing C-ROSS, particularly around the areas of risk metrics for morbidity and interest rates. ^[4]

References

1. Fung, Derrick W. H.; Jou, David; Shao, Ai Ju; Yeh, Jason J. H. (2018-01-01). "The China Risk-Oriented Solvency System: A Comparative Assessment with Other Risk-Based Supervisory Frameworks" . The Geneva Papers on Risk and Insurance - Issues and Practice. 43 (1): 16–36. doi:10.1057/s41288-017-0046-3. ISSN   1468-0440.
2. Fung, Derrick W. H.; Jou, David; Shao, Ai Ju; Yeh, Jason J. H. (2018-10-01). "The Implications of the China Risk-Oriented Solvency System on the Life Insurance Market". The Geneva Papers on Risk and Insurance - Issues and Practice. 43 (4): 615–632. doi: 10.1057/s41288-017-0066-z . ISSN   1468-0440.
3. Joubert, Phil; Sheng, Cliff; Sahay, Anupam; Bice, Anthony. "C-ROSS: PREPARING FOR SOLVENCY II WITH CHINESE CHARACTERISTICS" (PDF). Oliver Wyman.
4. Chatterjee, Mitali (15 June 2022). "Spotlight on China: C-ROSS II encourages greater stability in Chinese insurance sector". Swiss Re Institute. Archived from the original on 29 June 2024. Retrieved 18 April 2025.

See also

• China Insurance Regulatory Commission
• Insurance industry in China