The People's Insurance Company (Group) of China Ltd - Company Profile
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The People's Insurance Company (Group) of China Ltd (PICC) offers a diversified range of insurance products in China. Improvement in the business performance of the Non-Life Insurance segment, a significant market share, and adequate solvency are its major strengths, even as its increase in operating expenses remains a cause for concern. Growth in the life and non-life insurance segment in China and strategic initiatives could provide growth opportunities to PICC. However, natural calamities, fluctuations in interest rates, and risks related to online identity theft and hacking could affect the company’s operating performance.
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