PICC Property and Casualty Co Ltd 2016 AR2
The report highlights PICC Property and Casualty Company Limited's performance for the fiscal year 2016, during which it became the first property and casualty insurance company in China to achieve an annual premium income exceeding RMB 300 billion. The company recorded gross written premiums of RMB 311,160 million, representing a 10.5% year-on-year increase, and recovered its market share to 33.5%. In terms of social responsibility, the company actively supported poverty reduction through innovative insurance mechanisms and expanded its agricultural insurance coverage to farmlands of 630 million Mu. Additionally, the company successfully implemented the China Risk Oriented Solvency System (C-ROSS), ranking first in the property and casualty insurance industry's risk management capability assessment.
Company: PICC Property and Casualty Co Ltd
Sector: Finance & insurance
Country: China
Year: 2016
Type: AR2
Pages: 180
Back to company
PICC Property and Casualty Co Ltd
Annual Report
The report highlights PICC Property and Casualty Company Limited's performance for the fiscal year 2016, during which it became the first property and casualty insurance company in China to achieve an annual premium income exceeding RMB 300 billion. The company recorded gross written premiums of RMB 311,160 million, representing a 10.5% year-on-year increase, and recovered its market share to 33.5%. In terms of social responsibility, the company actively supported poverty reduction through innovative insurance mechanisms and expanded its agricultural insurance coverage to farmlands of 630 million Mu. Additionally, the company successfully implemented the China Risk Oriented Solvency System (C-ROSS), ranking first in the property and casualty insurance industry's risk management capability assessment.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees