Chinese non-life insurers are discovering a silver lining to the cloud spreading over China's economic performance from the coronavirus outbreak - a sharp drop in car accident claims.
Beijing's efforts to contain the new coronavirus have included widespread travel and quarantine restrictions across the country and although these are now being lifted, the loss of economic and social activity meant there were few cars on the road in late January and February.
The executives declined to be identified as they were not authorised to speak to the media. Representatives for China Pacific Insurance and PICC did not immediately respond to a request for comment. In contrast, for the non-life insurance sector globally, motor and health insurance each account for about a third of premiums.
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