$HSI(HSI)$ $China Pacific Insurance (Group) Co., Ltd.(601601)$ $China Pacific Insurance Group Co Ltd(CHPXF)$ $PICC P&C(02328)$  Hong Kong/China Insurers – Beneficiaries of China’s reopening & ageing population Recently released FY22 results of the sector were unsurprising in continuing the trends from 9M22 where NBV, margins and earnings declined due to the negative impact from the pandemic. With the soft FY22 results and falls in NBV over the past three years of the pandemic now behind us, we take on a more constructive outlook for the sector with a robust V-shape

$PICC P&C(02328)$operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle; Commercial Property; Cargo; Liability; Accidental Injury and Health; Agriculture; Credit and Surety; and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, and other insurance products. It also provides reinsurance, investment and funds application, insurance and claim handling agency, training, information technology and business, and property management services.

Bullish on PICC P&C outlook as it's expected to benefit the most from China's motor insurance recovery. Bearish on CPIC's because its P&C is much smaller, while its L&H continues to be under pressure. China's motor insurance has been showing signs of growth after years of decline due to deregulations and reforms in the sector. Motor insurance tailwind will benefit large players the most. Bullish on PICC P&C since it's the largest player in motor insurance and to likely benefit the most from the tailwind. Bearish on CPIC since its P&C business is much smaller than PICC P&C and Ping An P&C, while its L&H growth continues to be under pressure.   Full analysis here:- https://www.smartkarma.com/insights/china-insurance-picc-p-c-vs-cpic?utm_source=tiger_