KUALA LUMPUR: Global credit rating agency AM Best expects the revised quantitative and qualitative requirements under the China Risk-Oriented Solvency System( C-ROSS) phase two, to have a significant impact on the various insurance market segments. The recent revision to China’s solvency regime should allow for greater transparency in risks and capital quality, it said. Most insurance companies are likely to observe various degrees of decline immediately in solvency ratios depending on their pro