Ping An has seen steady growth in the life insurance and P&C insurance segments.
Year-on-year growth in first-year premium sold in January was negative for listed Chinese insurers, given the implementation of document 134 which prohibited providing cash survival benefits within the first five years and the use of universal or unit-linked products as a supplement to an underlying insurance policy. Given such an impact, we saw increasing divergence among major insurers depending on their product offerings. Driven by strong growth in renewable premiums, January premium growth f...
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