China's insurance sector posts strong solvency in Q3 2024

China's insurance sector has maintained steady operation and adequate solvency in the third quarter, according to the National Financial Regulatory Administration.

The country's average comprehensive solvency ratio was 197.4% by end-September, whilst the average core solvency ratio was 135.1%.

The average comprehensive solvency ratios of property insurance companies, life insurance companies, and reinsurance companies stood at 231.8%, 188.9%, and 262.7%, respectively.

As of the end of the third quarter, insurance companies and insurance asset management companies' total assets amounted to $4.87t, up by 11.2% from the beginning of the year.