In July this year, China Insurance Regulatory Commission issued OrderNo. 1998 12. It stipulates: "An insurance company should have capital commensurate with its risks and business scale, and ensure the solvency adequacy ratio is not less than 100%. The solvency adequacy ratio is the capital adequacy ratio, which refers to the ratio of the actual capital of an insurance company to the minimum capital. "
Regarding the evaluation criteria of the minimum capital of insurance companies, the Notice on Implementing the Provisions on the Management of the Solvency of Insurance Companies issued by the China Insurance Regulatory Commission on June 5438+00 and June 2 1 made clear provisions.
According to the Notice, the minimum capital that a property insurance company should have is the sum of the minimum capital of non-life insurance business and the minimum capital of non-life insurance investment business.
Among them, the minimum capital of non-life insurance business is the greater of the following two items: (65,438+0) 65,438+08% of the company's retained premium minus business tax and 65,438+06% of the part below RMB 6,543.8 billion in the latest fiscal year; (2) 26% of the company's average comprehensive salary in the last three years is less than 70 million yuan, and 23% is more than 70 million yuan.
The minimum capital of non-life insurance investment business is the sum of the minimum capital of risk premium part and the minimum capital of investment part. The minimum capital of an investment fund is the sum of the following two items: (1) 4% of the end-of-term liability reserve of the non-life insurance investment product investment fund with a predetermined income; (2) 1% end-of-term liability reserve for investment funds of non-life insurance investment products with non-scheduled income.
Similarly, the minimum capital of a life insurance company is the sum of the minimum capital of long-term life insurance business and the minimum capital of short-term life insurance business.
Among them, the minimum capital of long-term life insurance business with a term of more than one year is the sum of the following two items: (1) 1% end-of-term liability reserve for investment-linked insurance products and 4% end-of-term liability reserve for other life insurance products. (2) 0. 1% risk protection for periodic death insurance with an insurance period of less than 3 years, 0. 15% risk protection for periodic death insurance with an insurance period of 3 to 5 years, and 0.3% risk protection for periodic death insurance with an insurance period of more than 5 years and other types of insurance.
The calculation of the minimum capital of short-term life insurance business within one year and within one year shall be subject to the minimum capital evaluation standard of non-life insurance business.
In addition, the minimum capital of a reinsurance company is equal to the sum of the minimum capital of its property insurance business and life insurance business calculated according to the above standards respectively.
Among the minimum capital assessment standards, except for the minimum capital assessment standard for investment funds in life insurance investment business, which will be implemented from 65438+ 10/month next year, other assessment standards will be implemented from the third quarter of this year's solvency report. Promulgated in 2008
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Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.