News China02 Apr 2021

PICC widens credit and surety insurance underwriting losses in 2020

| 02 Apr 2021


China's biggest non-life insurer PICC P&C Insurance widened underwriting losses in its credit and surety insurance business to CNY5.104bn ($781m) in 2020 from CNY2.884bn in 2019, according to the company's annual financial statements lodged with the Hong Kong stock exchange.

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