What does Class B solvency of insurance companies mean?

The class B solvency of an insurance company means that the insurance company's claim settlement ability is up to standard. Solvency registration is divided into three categories: A, B and C, with Class A indicating that solvency is sufficient, Class B indicating that solvency is up to standard, and Class C indicating that solvency is low.

The solvency of an insurance company is simply the ability of an insurance company to repay its debts. Insufficient solvency of insurance companies will directly affect the interests of the insured or the insured. According to the relevant regulations of China Banking and Insurance Regulatory Commission, the core solvency of an insurance company shall not be less than 50%, and it must reach the level of Grade B or above to be qualified. Therefore, when buying insurance, the insured should not only know the products, but also know the insurance companies.