Car insurance's "anti-inner loop" has initially proven effective, and non-car insurance may improve next year.

The semi-annual report data shows that the underwriting benefits of PICC P&C, Ping An P&C, and Taiping P&C have all achieved significant growth. The combined ratio is a core indicator for observing the operating performance of P&C insurance companies. A ratio below 100% represents underwriting profits, and the lower the ratio, the higher the underwriting profit margin. From the data of the first half of the year, both Ping An P&C and PICC P&C have reduced their combined ratios to below 96%, which is considered a good level. Industry experts believe that the industry's "anti-internal competition" trend will continue to enhance the business quality and underwriting profitability of the P&C insurance market in the future.