PICC Property and Casualty Company Limited (OTCMKTS: PPCCY) is a major provider of property and casualty insurance in the People’s Republic of China. A subsidiary of the state‐owned People’s Insurance Company of China Group, PICC P&C underwrites a broad range of general insurance products tailored to both individual and corporate clients. Its core offerings include motor vehicle insurance, commercial property policies, liability coverage, cargo and marine insurance, as well as specialized solutions for agriculture, credit, and guarantee risks.
In addition to its standard lines of coverage, PICC P&C has expanded into personal lines such as accident and health insurance, and it also provides reinsurance services. Drawing on advanced risk management practices and actuarial expertise, the company emphasizes product innovation and customer service. It has deployed digital platforms for policy issuance, claims management, and customer support, reflecting an industry‐wide shift toward online and mobile solutions.
With roots tracing back to the founding of the People’s Insurance Company of China in 1949, PICC P&C was formally established as a separate legal entity and listed on the Shanghai Stock Exchange in 2003 and the Hong Kong Stock Exchange in 2011. Its American Depositary Receipts trade on the OTC market under the ticker PPCCY. The company’s network extends across all provinces and municipalities on the Chinese mainland, supported by regional branch offices and a presence in international financial centers including Hong Kong, Singapore, and London.
Operating under the supervision of China’s banking and insurance regulatory authorities, PICC P&C plays a strategic role in the nation’s risk‐protection framework. Its government backing and extensive distribution network position it as one of the largest property and casualty insurers in China. Led by a board of directors with deep expertise in finance and insurance, the company continues to pursue growth through digital transformation, product diversification, and enhanced customer engagement.
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