In addition, Allianz SE and AXA S.A. occupied the No. 1 and No. 2 spots, respectively, in AM Best’ s ranking by 2020 non-banking assets. U.S. health insurers dominated the ranking by NPW, as membership gains in government programs played a heavy role in creating premium growth at these companies. UnitedHealth Group Incorporated, United States Ping An Insurance Company.
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The People s Insurance Company Group of China (PICC), China s leading insurer, posted 566.1 billion yuan (about 87.9 billion U.S. dollars) in premium income in 2020.
Last year, PICC donated more than 35 million yuan in epidemic prevention funds and provided about 32,000 enterprises with comprehensive insurance for work and production resumption.
The company has launched 385 exclusive insurance products for poverty alleviation, and agricultural insurance has provided 2.4 trillion yuan in risk protection for 86.07 million households.
In 2021, PICC will accelerate its development of agricultural product insurance and commercial endowment insurance, and will promote the upgrading and expansion of science and technology insurance.
China s PICC sees 566 billion yuan in premium income in 2020 shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.