PICC Property and Casualty Co Ltd
HKEX:2328

Watchlist Manager
PICC Property and Casualty Co Ltd Logo
PICC Property and Casualty Co Ltd
HKEX:2328
Watchlist
Price: 12.32 HKD 2.67% Market Closed
Market Cap: 274B HKD
Have any thoughts about
PICC Property and Casualty Co Ltd?
Write Note

PICC Property and Casualty Co Ltd
Investor Relations

In the bustling financial ecosystem of China, PICC Property and Casualty Co Ltd emerges as a stalwart in the insurance sector, tracing its roots back to its parent company, the People's Insurance Company of China, founded in 1949. A major player in the property and casualty insurance market, PICC P&C primarily focuses on generating revenue through underwriting policies that cover a spectrum of risks ranging from automobiles to commercial properties and liability insurance. Its vast distribution network, leveraging both traditional agents and digital platforms, enables it to reach a diverse clientele across urban and rural landscapes. This robust mix of accessibility and extensive service offerings positions PICC P&C as a versatile insurer in the increasingly complex Chinese market.

Financially, PICC P&C thrives on managing the delicate balance between premium income and claims payout. It collects premiums from policyholders upfront, using meticulous risk assessment strategies to ensure that claims remain lower than the premiums collected over time. Investment income from the premiums is crucial to their business model, allowing the company to allocate funds towards bonds, equities, and other financial instruments. However, the real art lies in their actuarial abilities—deep analytical prowess aids in both pricing their products competitively and maintaining reserves that buffer against unforeseen large-scale claims. This dual approach not only ensures profitability but also fortifies customer trust, entrenching PICC P&C as a reliable partner in risk management.

Show more

Earnings Calls

Show Transcript
Previous
Next
Loading

Management

Mr. Ze Yu
President & Executive Vice Chairman
No Bio Available
Mr. Wei Hu
VP & Executive Director
No Bio Available
Mr. Dong Shen
Executive VP, Senior Accountant, Financial Officer & Chief Accountant
No Bio Available
Mr. Yuzhen Zhu
General Manager of Administrative Department
No Bio Available
Mr. Xin Jin
Compliance Officer & Chief Risk Officer
No Bio Available
Mr. Jianlin Wu
Executive Vice President
No Bio Available
Mr. Liduo Shao
President of PICC Health
No Bio Available

Contacts

Address
BEIJING
Beijing
Block 2, Yard 2, Jianguomenwai Avenue, Chaoyang District
Contacts
+864001234567.0
property.picc.com