News China30 Nov 2018

Auto insurance revamp is paramount for profitability

| 30 Nov 2018

Auto insurance in China is struggling to make ends meet as acquisition costs increased substantially over the past year. While the loss experience had improved (i.e. reduced claim frequency) and cushioned some of the hike in expenses, the aggressive commission payouts to distributors have eroded underwriting profits, says S&P Global Ratings in a recent report.

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