Comprehensive risk rating
The second-generation solvency supervision system (the second-generation solvency supervision system) was put into trial operation in 20 15 and officially put into operation in 20 16. Since the second phase of the project was started in September 20 17, 20 revised drafts of the supervision rules for the second-generation solvency supervision system have been revised and formed, and the opinions of the industry are being sought.
At present, the second generation of compensation is a "three-legged" regulatory framework with 17 regulatory rules. China, a brokerage firm, was informed that the second revision project not only comprehensively revised the existing 17 rule, but also added three new regulatory rules, namely Rule 7, Penetration Measurement of Market Risk and Credit Risk, Rule 14, Capital Planning and Rule 20, Lloyd's (China), forming 20 second-generation backbone technical standards.
This revision involves the first, second and third pillars. For example, as far as the quantitative capital requirements of the first pillar are concerned, the recognition of capital and the measurement of investment risk are more stringent.
For the outside world, observing the intuitive change of the solvency of insurance companies lies in the qualitative supervision of the second pillar. The comprehensive risk rating (IRR) of insurance companies will be refined on the basis of the current four categories of ABCD, in which Category A and Category B are subdivided into six subcategories, namely AAA, AA, A, BBB, BB and B. This will further improve the degree of discrimination and reflect the actual risks of insurance companies more scientifically. According to the Management Regulations on the Solvency of Insurance Companies issued in May 5438+ 10, the comprehensive risk rating is also one of the indicators to determine whether the solvency of insurance companies meets the standards.
The comprehensive risk ratings A and B are subdivided into six sub-categories.
The exposure draft obtained by China, a brokerage firm, shows that the revision of the second-generation regulatory rules covers the first, second and third pillars, and the most intuitive change in the qualitative regulatory requirements of the second pillar lies in the refinement of IRR.
Comprehensive risk rating is classified supervision, which is a risk-oriented supervision activity of China Banking Regulatory Commission, which comprehensively analyzes and evaluates the inherent risks and control risks of insurance companies, classifies them into different supervision categories according to their solvency risks, and adopts corresponding supervision policies or measures.
At present, according to the solvency risk of insurance companies, the comprehensive risk rating is divided into four regulatory categories: A, B, C and D, of which A and B meet the solvency standard, while C and D do not meet the standard.
This revision refined the comprehensive risk rating. Class A and Class B are further subdivided into AAA, AA, A and BBB, BB and B, while Class C and Class D whose solvency is not up to standard remain unchanged. Specifically:
Class A companies refer to companies with solvency adequacy ratio up to standard and less operational risk, strategic risk, reputation risk and liquidity risk. According to the specific risks, Class A companies are subdivided into AAA companies, AA companies and Class A companies.
Class B companies refer to companies with solvency adequacy ratio up to standard and relatively small operational risk, strategic risk, reputation risk and liquidity risk. Class B companies are subdivided into BBB company, BB company and B company according to specific risks.
Class C companies refer to companies whose solvency adequacy ratio is not up to standard, or whose solvency adequacy ratio is up to standard, but one or more of operational risk, strategic risk, reputation risk and liquidity risk are high.
Class D companies refer to companies whose solvency adequacy ratio is not up to standard, or whose solvency adequacy ratio is up to standard, but one or several types of risks are more serious in operational risk, strategic risk, reputation risk and liquidity risk.
It is worth mentioning that the "Regulations on the Management of the Solvency of Insurance Companies", which will be implemented in March this year 1, has included the "comprehensive risk rating" in the solvency supervision index of insurance companies. Only insurance companies that meet the requirements of core solvency adequacy ratio of not less than 50%, comprehensive solvency adequacy ratio of not less than 100% and comprehensive risk rating of B or above are considered as solvency qualified companies.
This means that the comprehensive risks faced by companies with solvency standards can only be distinguished by Class A and Class B in the past, and it is expected to be further improved to AAA, AA, A and BBB, BB and B after paying the second generation.