News China13 Oct 2023

Auto giant's insurance subsidiary faces cost challenge post-COVID

| 13 Oct 2023

The combined ratio of Urtrust Insurance, which depends heavily on motor business, improved to 95% in 1H2023 from 100% in 1H2022, and the average of 109% during 2020-2022, due to better commission control, notes Fitch Ratings.

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