December 14, 2008

China Insurance Regulatory Commission approved three companies to increase Kuogu

Yesterday, the China Insurance Regulatory Commission approved breath Sun Life Everbright Life, Prudential and the Pacific Antai Life Insurance three insurance companies Kuogu capital requirements. Prudential Life Insurance which is the second increase this year.

China Insurance Regulatory Commission yesterday announced the approval of Sun Life Everbright Life Insurance registered capital of 900,000,000 yuan from 1.2 billion for the changes, approval of the Prudential Life Insurance registered capital from 1,820,000,000 yuan change 19.8 billion approved by the Pacific Antai Insurance Companies registered capital of 700,000,000 yuan from the change To 800,000,000 yuan.

Just last weekend, the China Insurance Regulatory Commission has just approved the Sino-British Life and AXA Life Kuogu capital. Since the beginning of this year, due to the continuous fall of the capital market, insurance companies, the overall level of solvency also fell.

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