[author: Bethan Saunders]
On June 15, the European Insurance and Occupational Pensions Authority (EOIPA) and the China Insurance Regulatory Commission signed a Memorandum of Understanding to set up joint work programs and pursue joint activities.
The main objectives of the MoU are:
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To build a practical framework for exchange of supervisory information.
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To update each other on the developments in the regulatory and supervisory frameworks for insurance and private pensions.
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To increase mutual understanding on the Chinese (C-ROSS) and European (Solvency II) supervisory regimes for insurance.