News & Analysis as of

CIRC

Changes in insurance regulation: China / Hong Kong / Singapore / Indonesia / Vietnam

by Hogan Lovells on

Please find our Asia insurance regulatory tracker for the first quarter of 2017. It includes updates on the new independent insurance regulator for Hong Kong (which will assume its functions on 26 June), new rules on...more

Insurers to benefit from mutual solvency recognition between Mainland China and Hong Kong

by Hogan Lovells on

On 16 May 2017 the CIRC and the Hong Kong Office of the Commissioner of Insurance (“OCI“) entered into a framework agreement aimed at mutual recognition of solvency regimes between Mainland China and Hong Kong....more

China: CIRC Publishes Final Requirements for Collateral in Cross-border Reinsurance Transactions

by Hogan Lovells on

On 9 August 2016, the China Insurance Regulatory Commission (“CIRC“) issued the Notice on Matters Relating to Collateral Provided by Offshore Reinsurers (Draft) (the “Draft Notice“) for public consultation. On 13 March 2017,...more

China's draft regulations to affect investment in Chinese insurance companies

by Hogan Lovells on

On 29 December 2016, the China Insurance Regulatory Commission (“CIRC“) commenced public consultation on the amended Administrative Measures for Equities of Insurance Companies (Draft for comments) (the “Draft Measures“),...more

China Tightens Regulations on Investing Insurance Funds in Shares of Listed Companies

by Carlton Fields on

The entire Chinese economy, including its insurance industry, has experienced rapid growth in recent years. Speculative investments have become an inevitable byproduct of this growth. One of the most well-known examples of a...more

China: CIRC Issues New Measures for Compliance Management of Insurance Companies

by Hogan Lovells on

On 4 January 2017 the China Insurance Regulatory Commission (“CIRC“) published on its website the final version of the Measures on the Compliance Management of Insurance Companies (the “Compliance Measures“), which will...more

CIRC strengthens regulation of portfolio-type products

by DLA Piper on

The China Insurance Regulatory Commission (CIRC) released on 22 June 2016 the Circular on Strengthening the Business Regulation of Portfolio-type Insurance Asset Management (CIRC [2016] No. 104) (the 2016 Circular), which...more

New information disclosure requirements for insurance companies

by DLA Piper on

The China Insurance Regulatory Commission (CIRC) recently issued the Circular on Issuing the Information Disclosure Standards for Insurance Companies on the Use of Funds No.4: Large Investments in Unlisted Shares and Large...more

A Primer on Insurance Underwriting in China

by Zelle LLP on

China is one of the largest and fastest-growing insurance markets in the world. It provides the global insurance and reinsurance industry with tremendous opportunities but also presents challenges with its unique legal and...more

GLOBAL: Cycling Independent Reform Commission report

by DLA Piper on

The Union Cycliste Internationale (UCI) has now published the report and recommendations of the Cycling Independent Reform Commission (CIRC)....more

Formation and Structural Considerations for U.S. Operations of Chinese Insurance Companies

by Wilson Elser on

Although China has a national insurance regulator – the China Insurance Regulatory Commission (CIRC) – Chinese insurers must be licensed in each province or independent municipality in which they wish to operate. The current...more

Formation and Structural Considerations for U.S. Operations of Chinese Insurance Companies

by Wilson Elser on

Although China has a national insurance regulator – the China Insurance Regulatory Commission (CIRC) – Chinese insurers must be licensed in each province or independent municipality in which they wish to operate. The current...more

China 20/20: Legal and Regulatory Developments - December 2012

In This Issue: - The Interim Provisions of the Ministry of Commerce for the Equity Contribution of Foreign Invested Companies Released - Decision of the State Council on Revising the "Regulations for the...more

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