PICC Property and Casualty Company Limited (OTCMKTS: PPCCY) is a leading provider of non-life insurance services in the People’s Republic of China. As a subsidiary of the state-owned People’s Insurance Company of China Group, the company underwrites a broad range of property and casualty risks. Its core offerings include auto insurance, residential and commercial property coverage, liability protection, agricultural insurance, and health and accident policies tailored to individual and corporate clients.
The company’s product portfolio is designed to address the evolving needs of China’s rapidly growing economy. For personal lines, PICC P&C delivers motor third-party liability, comprehensive automobile insurance, and household property protection. On the commercial side, it provides customized solutions such as engineering insurance, cargo transportation coverage, product liability, and financial loss protection. The insurer also maintains a specialized agricultural insurance unit that supports farmers with crop and livestock policies, strengthening rural risk management.
Founded in 2002 in Beijing, PICC P&C has expanded its footprint through an extensive network of regional branches and agency partnerships across mainland China. Since its initial public offerings on the Shanghai and Hong Kong stock exchanges in 2003, the company has continued to modernize its underwriting and claims-processing platforms, leveraging digital technologies to improve customer service and operational efficiency. PICC P&C remains committed to risk management innovation and serving both urban and rural markets throughout China.
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