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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.