Company: ZhongAn P&C Page 1 / 1
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- March 20 2025
ZhongAn P&C’s underwriting profit drops 24.4% to US$137m in FY24, COR deteriorates to 96.9%
Chinese online insurer’s total GWP for FY24 was US$4.6bn, a 13.3% year-on-year increase.
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- November 11 2024
China’s ZhongAn’s operating performance is subject to investment volatility, business risk: AM Best
The rating agency affirms financial strength rating of A- (excellent) and long-term issuer credit rating of “a-” (excellent) to the carrier with a stable outlook.
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- December 15 2023
Swiss Re International to take over defunct Target Insurance’s EC policies
The 32 in-force employee compensation policies issued by the Hong Kong taxi insurer will be transferred from April 1, 2024.
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- November 10 2023
ZhongAn Online P&C to benefit from ability to integrate tech innovation into insurance operations: AM Best
The rating agency has affirmed the Chinese online-only insurer an A- (excellent) rating with a stable outlook taking into account its very strong balance sheet.
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- August 29 2023
ZhongAn P&C reports 46% underwriting profit jump as COR improves to 95.8%
The insurer, which returned to profit after a loss in H1 2022, saw total GWP for H1 2023 reach US$2bn, an increase of 37.5%.
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