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China-based PICC Reinsurance teams up with AIR Worldwide

Chinese reinsurance company PICC Reinsurance Co. Ltd. has collaborated with AIR Worldwide to assess and manage its portfolio of catastrophe risk reinsurance business.

Through the long-term collaboration, AIR Worldwide's models and associated analytical and client support services based in China will help in the pricing and management of PICC Reinsurance's book of business.

Jointly established by People's Insurance Co. (Group) of China Ltd. and PICC Property & Casualty Co. Ltd., PICC Reinsurance has been approved by the China Insurance Regulatory Commission to start operating as a stand-alone reinsurance entity. AIR Worldwide is a Verisk Analytics Inc. business.