The article discusses the insurance industry’s reliance on the combined ratio as a measure of profitability, arguing that it is misleading and does not accurately reflect an insurer’s financial health.
A recent report indicates that a significant number of Property & Casualty (P&C) insurers in China are still operating with combined ratios exceeding 100%, although improvements are noted.
In 2024, a significant portion of Property & Casualty (P&C) insurers in China reported combined ratios exceeding 100%, indicating underwriting losses. However, the overall deficit showed signs of improvement compared to the previous year.
