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Some people in Guanghe County, Gansu Province reflected through the State Council's “internet + supervision” platform that PICC Property and Casualty (PICC P&C) Guanghe County Branch and the marketing department of Ping An Property & Casualty Insurance Guanghe County Branch only underwrote statutory autom...
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Fitch gave a Neutral outlook for China's insurance industry in 2025. It said life insurers are focusing on quality growth and solvency through prudent investment strategies, and non-life insurers focusing on efficiency and expense control.Fitch's industry outlook for Chinese life insurers was Neutral, taking into account...
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BofA Securities has released a report upgrading CPIC (02601.HK) from Neutral to Buy. Due to a 25% drop in its stock price from the peak on October 7, the company's current valuation is at 0.7 times the 2025 P/B ratio and at 0.8 times compared to PING AN (02318.HK) and PICC GROUP (01339.HK), with a dividend yield also exceedi...
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AXA and PICC GROUP (01339.HK) earlier signed a Memorandum of Understanding (MOU) to explore international cooperation, product development and technological innovation to promote the sustainable development of the global insurance industry.~AAStocks Financial NewsWeb Site: www.aastocks.com
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At the end of 3Q24, the total assets of insurance companies and insurance asset management companies whopped RMB35 trillion, up RMB3.5 trillion, or 11.2%, compared to the beginning of the year, data released by the National Financial Regulatory Administration (NAFR) showed.Among these, property insurance companies had RMB2.97 tr...
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