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PICC Property & Casualty Co Extends Partnership with PIB for Insurance Brokerage Services

Story Highlights
  • PICC Property & Casualty Co and PIB have signed a new cooperation agreement for insurance brokerage services.
  • The agreement aims to maintain growth and expand digital insurance offerings despite past commission decreases.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PICC Property & Casualty Co Extends Partnership with PIB for Insurance Brokerage Services

Elevate Your Investing Strategy:

PICC Property & Casualty Co ( (HK:2328) ) has issued an announcement.

PICC Property & Casualty Co has entered into a new Business Cooperation Agreement with PIB, effective from June 17, 2025, to June 16, 2028. This agreement continues their collaboration in the insurance brokerage sector, with PIB providing brokerage services and PICC paying commissions. Despite previous decreases in brokerage commissions due to equity changes and market adjustments, the company expects growth in this partnership, maintaining the annual commission caps. This agreement is part of PICC’s strategy to enhance its digital insurance offerings and expand its market reach, particularly in cultural and tourism insurance.

The most recent analyst rating on (HK:2328) stock is a Buy with a HK$16.10 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

More about PICC Property & Casualty Co

PICC Property & Casualty Co is a joint stock limited company based in the People’s Republic of China, operating in the insurance industry. The company focuses on providing a range of insurance products and services, with a market focus on leveraging digital innovations and insurtech to expand its offerings, particularly in areas like tourist attraction insurance, electric motorcycle insurance, and student and child accident insurance.

YTD Price Performance: 23.16%

Average Trading Volume: 35,730,341

Technical Sentiment Signal: Buy

Current Market Cap: HK$335.9B

See more insights into 2328 stock on TipRanks’ Stock Analysis page.

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