The State Financial Supervisory Administration has formulated the “Measures for the Management of Insurance Companies' Assets and Liabilities” and is now officially seeking public comments. An insurance company shall establish an asset liability management department, equipped with the human and material resources required to perform asset liability management duties, and shall maintain independence in carrying out its duties without interference from insurance business and investment management departments. Insurance companies should clarify negative asset management performance assessment departments, standardize the transmission mechanism and limit management of asset liability matching indicators, clarify assessment and evaluation methods and standards, implement long-term assessment and evaluation, and prevent relaxation of asset liability management due to excessive pursuit of business expansion and short-term profits.

The State Financial Supervisory Administration has formulated the “Measures for the Management of Insurance Companies' Assets and Liabilities” and is now officially seeking public comments. An insurance company shall establish an asset liability management department, equipped with the human and material resources required to perform asset liability management duties, and shall maintain independence in carrying out its duties without interference from insurance business and investment management departments. Insurance companies should clarify negative asset management performance assessment departments, standardize the transmission mechanism and limit management of asset liability matching indicators, clarify assessment and evaluation methods and standards, implement long-term assessment and evaluation, and prevent relaxation of asset liability management due to excessive pursuit of business expansion and short-term profits.