PICC Property and Casualty Co Ltd - Company Profile
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PICC Property and Casualty Co Ltd (PICC) is leading provider of non-life insurance solutions. Combined ratio, solvency position and distribution network are the major strengths of the company, even as its increase in operating expenses remains an area for concern. Positive outlook for Chinese construction industry and non-life insurance segment and short-term economic outlook in China will provide ample growth opportunities to the company. However, liquidity risk, regulatory changes and technological disruption may affect the company’s business performance.
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