PICC P&C

Close-up map of southern China showing Guangzhou, Shenzhen, and Hong Kong with road lines and coastlines.

Typhoon Noul drives Shenzhen losses, Guangdong catastrophe prepayments

July 27 2026

In Shenzhen alone, insurers received 1,212 claims worth CNY18.37m (US$2.71m).

Close-up of a blue map showing China with colorful push pins marking locations in red, yellow, and green.

China insurers' claims payouts for July typhoons, floods top US$500m

July 24 2026

Payouts have risen more than 20% since 13 July, when insurers reported nearly 380,000 claims.

Map of China with a small Chinese flag pinned to mark a location on the country outline and surrounding regions nearby in orange and blue seas.

China's insurers fast-track claims after deadly Guangxi floods, Hubei tornadoes

July 10 2026

Ping An P&C alone has reported more than 10,000 claims worth an estimated CNY110m (US$16.17m).

picc-pc-inks-new-reinsurance-deals-with-picc-hk-picc-re

PICC P&C inks new reinsurance deals with PICC Re, PICC HK

January 2 2026

The twin agreements position PICC P&C in a central underwriting role as the PICC Group pushes for Belt and Road-related expansion in 2026.

moodys-warns-of-profitability-risks-for-major-chinese-insurers

Moody’s maintains negative outlook for major Chinese insurers on continued profitability risks

May 30 2025

Ratings for nine insurers—including China Life and PICC P&C—affirmed, but negative outlook reflects pressures from market volatility and potential weakening of state support.

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