保险公司偿付能力监管规则（英文版）

　　为进一步提高保险业偿付能力监管的科学性、有效性和全面性，中国银保监会于2017年启动偿二代二期工程建设工作，以引导保险业回归保障本源、专注主业，增强服务实体经济能力，有力有效防范保险业风险，加大加快金融业全面对外开放为目标，对偿二代监管规则进行全面修订升级。2021年12月，《保险公司偿付能力监管规则（Ⅱ）》正式发布，标志着偿二代二期工程建设顺利完成。本书是20条保险公司偿付能力监管规则的英文版，对于防范和化解保险业风险、维护保险市场安全稳定运行、推动保险业高质量发展、保护保险消费者利益都具有重要意义。

　　中国精算师协会成立于2007年11月30日，英文名称为：China Association of Actuaries， 英文缩写为CAA，现为国际精算协会（IAA）正式会员。本协会是经民政部批准的全国性非营利社团组织，其业务主管单位是中国银行保险监督管理委员会。

Contents
Part 1 Overall Framework of China Risk Oriented Solvency System································1
Part 2 Regulations on the Solvency Management of Insurance Companies····················19
Part 3 Solvency Regulatory Standards (Ⅱ)·········································································29
Solvency Regulatory Standards No. 1: Available Capital·································31
Solvency Regulatory Standards No. 2: Minimum Capital Requirement················45
Solvency Regulatory Standards No. 3: Valuation of Liabilities of Life Insurance
Contracts······················································································50
Solvency Regulatory Standards No. 4: Minimum Capital Requirement for
Insurance Risk (for Non-Life Insurance Business) ·····································66
Solvency Regulatory Standards No. 5: Minimum Capital Requirement for
Insurance Risk (for Life Insurance Business)············································89
Solvency Regulatory Standards No. 6: Minimum Capital Requirement for
Insurance Risk (for Reinsurance Companies)············································96
Solvency Regulatory Standards No. 7: Look-Through Approach for Market Risk
and Credit Risk············································································· 105
Solvency Regulatory Standards No. 8: Minimum Capital Requirement for
Market Risk················································································· 114
Solvency Regulatory Standards No. 9: Minimum Capital Requirement for Credit
Risk·························································································· 134
Solvency Regulatory Standards No. 10: Stress Test······································ 149
Solvency Regulatory Standards No. 11: Integrated Risk Rating (Classified
Supervision)················································································ 178
Solvency Regulatory Standards No. 12: Solvency Aligned Risk Management
Requirements and Assessment (SARMRA)············································ 185
Solvency Regulatory Standards No.13: Liquidity Risk·································· 213
Solvency Regulatory Standards No. 14: Capital Planning······························· 243
Solvency Regulatory Standards No. 15: Public Disclosure of Solvency
Information················································································· 249
Solvency Regulatory Standards No. 16: Exchange of Solvency Information········· 255
Solvency Regulatory Standards No. 17: Credit Ratings of Insurance
Companies·················································································· 258
Solvency Regulatory Standards No. 18: Solvency Report······························· 262
Solvency Regulatory Standards No. 19: Insurance Group······························· 283
Solvency Regulatory Standards No. 20: Lloyd’s Insurance Company (China)
Limited······················································································ 314
Part 4 Rules on Solvency Regulation Equivalence Assessment (Consultation
Document)··················································································································319
Postscript··································································································································329