PICC P&C Inks 3-Year Brokerage Deal with Affiliated Entity

MT Newswires Live

2025/06/17

PICC Property and Casualty Company (HKG:2328) has entered into a three-year insurance brokerage agreement with affiliated entity PICC Insurance Brokers, according to a Monday Hong Kong bourse filing.

The agreement, effective through June 16, 2028, allows the broker to continue providing services on market terms, with annual transaction caps of 600 million yuan.

PICC said the deal will enhance insurtech-driven distribution and support stable growth in areas such as electric motorcycle and student insurance.

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