China: P&C insurer scores on both underwriting and investment

Mainland Chinese insurer Yingda Taihe Property Insurance Co’s (YDPIC) financial performance is underpinned by strengthening underwriting profitability and stable investment income, says Fitch Ratings.

The insurer’s combined ratio improved to 68.2% in 1H2020, compared with 71.1% in 1H2019, and has averaged at 93.6% during 2017-2019, benefiting from continued improvement in business quality and enhanced claim management.…

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