Lates News

The semi-annual report data shows that the underwriting benefits of Ping An Property Insurance, PICC Property and Casualty Company Limited, and China Pacific Property Insurance Co., Ltd. all achieved significant growth. The combined ratio is a core indicator for observing the operating efficiency of property insurance companies. It is lower than 100%, which means that the underwriting end is profitable, with the lower the combined ratio, the higher the underwriting profit margin. Looking at the data for the first half of the year, the combined ratios of Ping An Property Insurance and PICC Property and Casualty Company Limited have both dropped to below 96%, which is a good level. Industry insiders believe that the industry's "anti-insularity" will continue to improve the business quality and underwriting profitability of the property insurance market in the future. (Securities Times)