China's insurance sector maintained steady operation and adequate solvency in the third quarter of the year, according to data released by the country's financial regulator.
The average comprehensive solvency ratio of the country's insurers was 197.4% as of the end of September, and their average core solvency ratio was 135.1%, reported Xinhua News Agency citing the National Financial Regulatory Administration.
Specifically, the average comprehensive solvency ratios of property insurance companies, life insurance companies and reinsurance companies stood at 231.8%, 188.9% and 262.7%, respectively.