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28 July 2021
19:33 hour

Ping An P&C and CPIC P&C have received 8,500 and 2,740 reports on Zhengzhou rainstorm disasters respectively, and claims are in progress

Reddit Stock Market

22/07/2021 - 03:22

On July 20, Zhengzhou had an extremely heavy rain. The precipitation in some areas exceeded 400 mm in a short period of time. The water level of many rivers rose rapidly, and many reservoirs exceeded the flood limit. The accumulation of water in many areas of the city was serious, and damaged people’s property. From 17:00 of the same day, the Zhengzhou Flood Control and Drought Relief Headquarters upgraded the emergency response of level II to level I. As of 21:00 on July 20, Ping An Property & Casualty Henan Branch received a total of 8,500 reports in this rainstorm, including 8,365 auto insurance reports and 135 property insurance cases. In the future, Ping An Property & Casualty Henan Branch will pay close attention to the disaster situation and make every effort to implement post-disaster claims settlement. As of 20:00 on July 20, affected by heavy rain, China Pacific Insurance Henan Branch received a total of 2,740 disaster reports, of which 2,692 were auto insurance, and 48 were non-auto insurance. The related loss assessment services are in progress. Source: 21st Century Business Herald   submitted by   /u/InsurViewChina [link]   [comments]


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    Recently, private equity tycoon Li Chi posted on Weibo and revealed his clearance of Ping An of China, which soon stirred a sensation in Ping An’s investors circle. According to public information, Li Chi is the founder of Shenzhen Co-power Investment Management Company and was once hailed by Securities Market Weekly as one of the three most successful investors to "copy Buffett" in China. In the memory of many old stock investors, Li Chi can be described as a die-hard fan of Ping An of China. As early as 2008, when Ping An's investment in Futong suffered a huge loss, Li Chi wrote an article to support Ping An, and since 2009, he has firmly held Ping An. During the period, Ping An's stock price once fell to single digits, but Li Chi’s long-term perseverance has also brought him rich returns. Now the die-hard fan has left. Does it mean that Ping An has no investing value? In response, Li Chi posted a long article on Weibo on June 29, saying that it was not important anymore to study further why and when I left Ping An. What matters is whether history will repeat the value growth change imitation show a decade ago. This time, will you make the correct choice? Source: Yicai.com translation: InsurView   submitted by   /u/InsurViewChina [link]   [comments]
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  2. Ping An's insurance premium income in the first half of the year is 422.21 billion yuan, down 5.17% year-on-year (19/07/2021 - Reddit Stock Market)
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  15. Ping An Life intends to acquire 6 Raffles project equity of CapitaLand with no more than 33 billion (29/06/2021 - Reddit Stock Market)
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