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PICC Property and Casualty Company Limited
Company Information

69 Dongheyanjie, Xuanwumen
Beijing, China
+86-10-6315-6688
http://www.piccnet.com.cn

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PICC Property and Casualty Company Limited Company Profile

PICC Property and Casualty (PICC P&C) is the leading property and casualty (P&C) insurer in bustling China. Founded in 1949 as the state-owned People's Insurance Company of China (now known as PICC Group), PICC P&C was spun off in 2003. It operates throughout most of China with more than 10,000 branch offices providing primarily auto insurance (more than 70% of sales). Additional types of coverage include commercial property, liability, accident, and homeowners insurance. PICC Group holds 70% of the company while beleaguered US firm AIG holds 10% of its shares.