Evaluation of interest rates on liability reserves or reduction of regulatory authorities to guide insurance companies to reserve new products

FIFA, April 22 (FAP)-in response to regulatory policy adjustments, preparations for new product development by insurance companies have been accelerated. Recently, regulators have given window guidance to some insurance companies to make it clear that the interest rate for the evaluation of liability reserves is expected to be lowered, reminding insurance companies to prepare for new product development. At the end of March, regulators held a meeting to find out the debt cost of insurance companies. Several interviewees said: what is relatively clear now is that the interest rate on the evaluation of liability reserves will be lowered. At present, there are some discussions in the industry about the rate of adjustment that has attracted the attention of the market, but we have to wait for the regulatory authorities to issue a formal notice. (Shanghai Stock Exchange News)