News Non-Life21 Jul 2023

China:Fitch assigns Zhonglu P&C an IFS rating of 'BBB'

| 21 Jul 2023

Qingdao-based Zhonglu Property and Casualty Insurance Company has continued to reduce the share of motor insurance (42% of gross premiums written in 2022) in its portfolio and expanded the non-motor business, mainly accident and health (33%) and liability (11%), notes Fitch Ratings.

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