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Regulator: Insurance industry solvent

China's insurance industry has kept its risks under control, with a sound solvency ratio, said the insurance regulator. The industry's comprehensive solvency adequacy ratio stood at 238 percent at the end of the first quarter, well above the 100 percent requirement, said the China Insurance Regulatory Commission in a statement released on Tuesday. Core solvency adequacy ratio stood at 221 percent, also above the 50 percent requirement. Risks in the industry are "controllable in general", but the authorities should not underestimate risks arising from particular areas, the statement said. China's financial regulators have recently strengthened oversight and issued harsher punishments to remedy shortcomings and promote efficiency.