News Non-Life06 May 2021

China:Property Insurer faces challenges in efforts to improve underwriting

| 06 May 2021

China United Property Insurance (CUPI) is expected to face challenges in its bid to meaningfully improve its underwriting performance, in light of continued expansion in its non-motor business amid increasingly competitive market conditions and the comprehensive reform of motor insurance, although the insurer has reduced the share of premiums from motor insurance over the years (2020: 53% by direct premiums), notes Fitch Ratings.

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