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PICC Re to face challenges to reduce combined ratio

Posted On: Feb. 6, 2023 9:22 AM CST


China-based PICC Reinsurance Company Ltd.’ earnings rose to around CNY61m ($9m) in the first half of 2022 year on year, Asia Insurance Review reported. The improved earnings were due to its efforts to tighten risk selection and reduce its underwriting losse, according to Moody’s Investors Service Inc.