The KPMG Actuarial Services team analysed the 2017Q1 and 2016Q4 solvency, operational performance, and SARMRA scores disclosed by all insurers and the China Insurance Regulatory Commission (CIRC). Furthermore, a correlation analysis of key solvency indicators has been performed by considering the relevant policies and industry trends. The aim is to help transform data analytics in China's insurance industry.
Compared with the previous quarter, the integrated risk rating in 2017Q1 changed slightly. Key solvency indicators, including actual capital, minimum capital and comprehensive/core solvency surplus improved. Comprehensive/Core solvency adequacy ratios decreased, while the industry capital levels remained adequate. The minimum capital structure for the whole industry remained stable. Net cash flow in the insurance industry declined, and net profit in the insurance industry decreased. Reinsurers received the highest average SARMRA scores, while the P&C insurers received the lowest.