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PICC Property teams up with auto research center

By Hao Zhou (chinadaily.com.cn)
Updated: 2007-09-14 10:09

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PICC Property & Casualty Insurance Co Ltd signed an agreement with China Automotive Technology and Research Center on establishing strategic cooperative partnership, at the 2007 International Forum on Chinese Automotive Industry Development in Tianjing.

The two parties will pursue extensive and deep cooperation in the field of automobiles’ security, traffic accidents analysis, and automotive industrial standards, in an effort to combine successes in the automotive and auto insurance industries.

Meanwhile, PICC Property will become the pilot insurance cooperator in the Chinese new car assessment plan (C-NCAP), the most influential security test for new car models in China. PICC Property may decide auto insurance premium on C-NCAP test results.

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The full text is available in the September Issue of China Insurance.