Source: Financial Times
Reporter: Dai Mengxi
Recently, PICC Property and Casualty Company Limited (hereinafter "PICC P&C"), in partnership with overseas collaborators, successfully launched a Chinese-owned new energy vehicle insurance program in the German market, providing coverage for Chinese EVs expanding abroad. This launch marks PICC P&C as the first domestic property insurer to establish European overseas auto insurance operations, representing a significant breakthrough in its global strategy—shifting from Southeast Asia to core European markets.
PICC Property and Casualty Company brings extensive experience in data, pricing, and claims handling for new energy vehicle insurance. Our overseas partner in Germany has a well-established local sales channel and service network. By combining our strengths, we will jointly develop insurance solutions tailored to the local market, ensuring safe and secure expansion of Chinese new energy vehicles into global markets.
