News China19 Aug 2022

Mandatory motor third-party liability insurance business posts underwriting loss of over US$600m in 2021

| 19 Aug 2022

Insurers that undertook compulsory motor third-party liability (CMTPL) insurance in 2021 saw the branch's underwriting results plunge into the red to a loss of CNY4.4bn ($648m) from a gain of CNY12.8bn in 2020, according to data from the CBIRC.

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