China: PICC posts USD87.9b in premium profits
Total assets hit 1.3 trillion Yuan, and assets under organization hit 1.9 trillion Yuan. In 2020, PICC contributed more than 35 million Yuan in epidemic deterrence funds and offered about 32,000 enterprises with complete insurance for work and production recommencement. The firm has initiated 385 restricted insurance products for poverty mitigation, and agricultural insurance has offered 2.4 trillion Yuan in risk protection for 86.07 million families. Legal Disclaimer: ME...
Source: menafn.com