China insurers facing “more flexible” ALM assessment
But they may be less sure about the investments they will be able to make after the regulator updated the asset-liability management framework last week.
The latest update of the asset-liability management framework for Chinese insurance firms may leave them less sure of which types of investments they can make because the approach to assessing ALM capabilities will be more discretionary and less specific, suggests an industry expert.
The new rules, announced with immediate effect on August 7, seek to strengthen insurers’ control of their ALM and give the regulator more flexibility in how it assesses their ALM approach, Terrence Wo…
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