PICC P&C and CPIC Property & Casualty Insurance occupy half of the new energy vehicle insurance market

According to the data released in the annual reports and annual performance conferences of China Pacific Insurance and China People's Insurance Company, China Pacific Property Insurance and PICC Property and Casualty Insurance Co., Ltd. insured more than 14 million new energy vehicles in 2023, accounting for half of the new energy vehicle insurance market. Among them, China Pacific Property Insurance insured 3.1 million new energy vehicles, and PICC Property and Casualty Insurance Co., Ltd. insured 7.36 million new energy vehicles.