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.

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.

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.