Fitch says motor deregulation in China will hamper insurer profits

Fitch Ratings expects deregulation in commercial motor insurance premium rates in China to hamper the ability of insurers to improve underwriting margins. But the credit ratings agency expects the regulator’s control of motor insurance policy acquisition costs to curb the ongoing rise in insurers’ expense ratios. Fitch noted that smaller motor insurers still reported underwriting deficits in 2018. “While the…

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