Solvency is an indicator of the financial situation of an insurance company. According to the regulations of CBRC, an insurance company is qualified only if its core solvency adequacy ratio is not less than 50%, its comprehensive solvency adequacy ratio is not less than 100% and its comprehensive risk rating is above Grade B..
The solvency of China Property Insurance in the fourth quarter of 2002/KLOC-0 is shown in the following table:
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All of them have reached the standard line stipulated by the China Banking Regulatory Commission, indicating that China P&C Insurance has sufficient ability to repay claims debts. Some friends may be worried about the bankruptcy of the insurance company and wonder what will happen to the insurance they bought. Then, after reading this article, you can feel at ease: the insurance company is bankrupt, what should I do with the insurance I bought?
The business scope of China Property Insurance covers all fields of non-life insurance business, with more than 5,000 kinds of insurance products, including motor vehicle insurance, enterprise property insurance, family property insurance, engineering insurance, ship insurance, cargo transportation insurance, liability insurance, credit guarantee insurance, agricultural insurance, short-term health insurance and accidental injury insurance. It can be seen that most of the insurance coverage of China Property Insurance lies in property protection. If you buy personal insurance, it is recommended to consider these types of insurance: critical illness insurance, medical insurance, accident insurance and life insurance. What is the difference? Will there be conflicts when making claims?
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