PICC Property & Casualty Co., Ltd. Class H · HKEX:2328
PICC Property & Casualty Co., Ltd. Class H — Investor Day (November 2026)
42 slides from PICC Property & Casualty Co., Ltd. Class H's investor day presentation, Nov 5, 2026
Slide 1: Announcement in respect of relevant presentations on 2026 Investor Day
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in relia
Slide 2: Enabling Confidence and Capabilities of Insurers to Underwrite
2026 Investor Day PICC 601319.SH PICC 1339.HK PICC P&C 2328.HK Enabling Confidence and Capabilities of Insurers to Underwrite Enhancing Insurance Willingness of Customers Innovation and Practice of PICC in Science and Technology Insurance
Slide 3: Definition of Science and Technology Insurance
Definition of Science and Technology Insurance • In January 2024, the NFRA issued the Statistical System for Science and Technology Insurance Business, defining science and technology insurance as: • The collective term for economic activities that serve the national innovation-driven development st
Slide 4: Contents
Contents 01 02 03 Industry Background Innovation and Practice Market Outlook Science and Technology Enabling Confidence and Capture Growth Trends Insurance Enters a New Capabilities of Insurers to and Unlock Market Potential "Market-driven" Era Underwrite，enhancing Insurance Willingness of Customers
Slide 5: Long-Term Opportunity: Science and Technology Insurance Enters a New Market-Driven Era
1. Long-Term Opportunity: Science and Technology Insurance Enters a New“Market-Driven” Era Anchored to the strategic goal of 2035: building a global sci-tech powerhouse and accelerating high-level sci-tech self-reliance. 2026.2 2026.3 2026.10 2026.10 Ministry of Science and Technology, People’s Bank
Slide 6: Demand Side: Innovation Investment Accelerates
1. Demand Side: Innovation Investment Accelerates Risk exposure from sci-tech activities keeps growing, and the demand base of science and technology insurance keeps expanding. R&D Investment Stepping Up RMB3.93 tn Total national R&D expenditure (+8.1%) 2.80% R&D intensity above OECD average RMB277.
Slide 7: Supply Side: Rapid Growth in Industry
1. Supply Side: Rapid Growth in Industry The industry generally expects sci-tech activity insurance to achieve a CAGR of approximately 20% over the next three to five years. Product supply: from “insufficient” to “comprehensive” Shared Risk Targeting New Scenarios Full-cycle Protection Full-element
Slide 8: Supply Side: Rapid Growth in Industry
1. Supply Side: Rapid Growth in Industry Service model: from “standalone protection” to “integrated services” Science and technology insurance is now linked with credit, guarantees and IP services. Dongguan pioneered “Science and technology insurance + Wuxi is among the first in China with “Digital
Slide 9: Company: Strong First-Mover Foundation and Improving Metrics
1. Company: Strong First-Mover Foundation and Improving Metrics PICC has been an early participant since science and technology insurance pilots began. Its leading position strengthened further in 2026. RMB20.9 bn+ 360,000+ 3.68 mn+ RMB11.6 bn RMB39 tn+ 2025 broad science and technology Sci-tech ent
Slide 10: Contents
Contents 01 02 03 Industry Background Innovation and Practice Market Outlook Science and Technology Insurance Enabling Confidence and Capture Growth Trends Enters a New "Market-driven" Era Capabilities of Insurers to and Unlock Market Potential Underwrite，enhancing Insurance Willingness of Customers
Slide 11: Confidence to Underwrite Comes First: Leading the Market Beyond Traditional Boundaries
2. Confidence to Underwrite Comes First : Leading the Market Beyond Traditional Underwriting Boundaries Co-insurance Pool Model Joint Risk Research Shared Underwriting Joint Risk Reduction Deepen understanding of Capacity Create a new risk-sharing major sci-tech risks mechanism Address protection ga
Slide 12: Integrated Circuit Co-insurance Pool: Mobilizing Collective Strength
2. Confidence to Underwrite Comes First - Integrated Circuit Co-insurance Pool: Mobilizing Collective Strength Results RMB800 bn Over RMB2 tn Effectively eases industry underwriting capacity Annual Risk Protection Provided constraints Since Launch Exceeds RMB35 bn Strengthens the independence and su
Slide 13: Commercial Aerospace Co-insurance Pool: Supporting Every Launch
2. Confidence to Underwrite Comes First - Commercial Aerospace Co- insurance Pool: Supporting Every Launch Beijing Commercial Aerospace Co-insurance Pool Led by PICC in 2025 as China's first commercial aerospace co-insurance pool Unified Underwriting Unified Risk Assessment Unified Claims Services M
Slide 14: Strengthening Protection for Major National Sci-tech Initiatives
2. Confidence to Underwrite Comes First - Strengthening Protection for Major National Sci-tech Initiatives Co-insurance Pool Model Expanded to More Sci-tech Fields 2025.08 Low-altitude 2026.06 Quantum Sci-tech 2026.09 Beijing Biomedicine, Economy Co-insurance Pool Co-insurance Pool Intelligent Robot
Slide 15: Strengthening Professional Capabilities to Build a Stronger Foundation
2. Built on Insurance Capabilities：Strengthening Professional Capabilities to Build a Stronger Foundation for Science and Technology Insurance One system, four capabilities, and professional expertise to manage risks effectively 01 02 03 04 Understand the Quantify the Prevent Losses Cover the Full T
Slide 16: Teams that Understand Technology
2. Built on Insurance Capabilities · Teams that Understand Technology Established the Industry’s First Science and Technology Insurance Centre in 2024, Strengthening Fundamental Risk Research and Precise Product Design 01 Organization Integrated Collaboration Established the industry’s first Science
Slide 17: Models that Quantify Risk
2. Built on Insurance Capabilities · Models that Quantify Risk Proprietary Risk Management Platforms “Deep Blue Sea Shield ” Offshore Wind “Wanxiang Chip Shield” Semiconductors “Energy Storage Safety Shield ” New Energy Storage Typhoon Early Warning Case Study: Identifies projected wind-field paths
Slide 18: Risk Reduction that Prevents Losses
2. Built on Insurance Capabilities · Risk Reduction that Prevents Losses Established China’s first sci-tech achievement and IP Verification and Valuation Centre, embedding professional assessment into insurance processes. Through “pre-risk intervention + active rescue”, services shift from “compensa
Slide 19: Willingness to Buy Insurance Matters: From Have to Buy to Want to Buy
2. Willingness to Buy Insurance Matters: From “Have to Buy” to “Want to Buy” Deliver tangible value to customers. 01 02 03 04 Lower barriers through Build trust through Amplify value through the Ensure sustainability products services ecosystem through mechanisms Flexible options Provide verificatio
Slide 20: Contents
Contents 01 02 03 Industry Background Innovation and Practice Market Outlook Science and Technology Insurance Enabling Confidence and Capture Growth Trends Enters a New "Market-driven" Era Capabilities of Insurers to and Unlock Market Potential Underwrite，enhancing Insurance Willingness of Customers
Slide 21: Looking Ahead to the 15th Five-Year Plan
3. Looking Ahead to the 15th Five-Year Plan Science and technology insurance is poised to become another growth curve Science and technology insurance is one of the few growth sectors offering a high degree of certainty. PICC will focus on the full-lifecycle needs of sci-tech companies, from start-u
Slide 22: Looking Ahead to the 15th Five-Year Plan
3. Looking Ahead to the 15th Five-Year Plan Strengthen PICC’s long-term competitive advantages and the foundation for shareholder returns. Early stage of the Mid-stage of the End-stage of 15th Five-Year Plan 15th Five-Year Plan the 15th Five-Year Plan 2026–2027 2028–2029 End-stage of the 15th Five-Y
Slide 23: Outlook
Outlook During the 15th Five-Year Plan period, science and technology insurance represents not only a long-term growth opportunity for PICC, but also a long-term responsibility. Accelerator Gateway Anchor th We look forward to working together with all stakeholders to build a stronger and more compr
Slide 24: Strategically Developing Personal Non-auto Insurance
2026 PICC 601319.SH PICC Group 1339.HK PICC P&C 2328.HK Investor Day Health · Family · Consumption Strategically Developing Personal Non-auto Insurance
Slide 25: Strategic Layout of Personal Non-auto Insurance
Development Logic Performance Future Outlook Strategic Layout of Personal Non-auto Insurance ■ Policy: national policies set the direction ■ Market: vast potential in health, family and consumption ■ Company: massive customers base, multi-dimensional channels, rich products Personal Non-auto Insuran
Slide 26: Policies Set the Direction
Policies Set the Direction Top-level Policies The State Council's new "Ten Guidelines National 15th Five-Year Plan Outline: Central Financial Work Conference called for for Insurance Sector": "enhance health strengthen household consumption, improve the "five priorities" of technology, green, insura
Slide 27: Vast Room in Health, Family and Consumption Markets
Vast Room in Health, Family and Consumption Markets Family: Under- Health: Blue Ocean penetrated Consumption: Rising Wave Commercial Health Insurance premium CAGR, Industry disclosure: Household Property Insurance 2015–2025 penetration rate in China mainland In 2025, the retail sales of consumer goo
Slide 28: Advantages of PICC P&C
Advantages of PICC P&C Massive Personal Customer Base Multi-dimensional Service Network Rich Product System § Comprehensive policy terms and § Serving over 100 million personal non- § Branches and service outlets across cities products cover all kinds of personal life auto customers and the countrys
Slide 29: Thriving Personal Non-auto Insurance of PICC P&C
Development Logic Performance Future Outlook PICC P&C Personal Non-auto Insurance premium (RMB 5-year increment 100 million) 36.7 bn Thriving Personal RMB CAGR 558 Non-auto Insurance of 23.9% PICC P&C RMB 50 bn RMB 40 bn ■ Fast growth in the 14th Five-Year Plan period: the CAGR is 23.9%, outpacing t
Slide 30: Scale, Growth and Increment All Rising
Scale, Growth and Increment All Rising Data: Jan–Sep 2026 Scale Growth Increment Written Premium YoY growth Cumulative incremental premium RMB 50.3 billion 16.3% RMB 7.0 billion Share of PICC P&C's total incremental premium Alongside rapid growth, profitability ranks among The incremental premium Pe
Slide 31: Three Programs Power New Growth Momentum
"Three Programs" Power New Growth Momentum Expansion programs' share of increment Keep iterating business and tap core lines: Refinement: vehicle-linked, Students and Children Stabilize the Base Insurance, Huiminbao 68% Seize new opportunities in five incremental Expansion: Build the markets (health
Slide 32: Next Five Years: Building Another New Personal Non-auto
Development Logic Performance Future Outlook Next Five Years: Building Another "New Personal Non-auto" ■ Personal Non-auto Insurance enters a key strategic window ■ Expand five incremental markets to meet key growth targets Double-digit growth in the 15th Five-Year Plan period, striving for scale to
Slide 33: Toward RMB 100 Billion
Toward RMB 100 Billion In the 15th Five-Year Plan period, Personal Non-auto Insurance enters a key strategic window. PICC P&C will focus on the five incremental markets, advance the Refinement, Expansion and Foundation programs, and step up strategic layout and resource input, sustaining double-digi
Slide 34: Expanding Five Incremental Markets
Expanding Five Incremental Markets Directions, targets and paths in the 15th Five-Year Plan period: a systematic layout of five incremental markets Health Vehicle+Person+Home NEV Consumption Inclusive Insurance Upgrade the Ankang matrix Operational synergies and Serve new quality Serve consumption-
Slide 35: Implementation Path: Big Health Market
Big Health Market Focus on new needs and scenarios, developing personal commercial health insurance "online + offline + worksite" Annual increment of Future Growth main online and offline § New products: build an Ankang matrix by products Fast growth in step population and disease, upgrading product
Slide 36: Implementation Path: Family Insurance
Family Insurance Insurance demands expanded from vehicles to owners, household protection and family members. Future Growth § New products: upgrade vehicle-linked online "Vehicle + Person + Home" personal non- clinic, driver medical, household property, e-bike auto customer penetration and pet insur
Slide 37: Implementation Path: NEV Industry Chain
NEV Industry Chain Serving new quality productive forces, we build personal insurance across the NEV chain, accelerate innovative cover such as Intelligent Assisted Driving, and consolidate PICC P&C's edge in the vehicle ecosystem Future Growth Our vehicle owners: § From fuel to NEV: promote Extende
Slide 38: Implementation Path: All Consumption Scenarios
All Consumption Scenarios Adapting to new consumption trends, embedding personal non-auto products online + offline across all consumption scenarios Future Growth New-consumption § Product matrix: upgrade products covering travel, business: premiums in Fast growth in step entertainment and performan
Slide 39: Implementation Path: Personal Inclusive Insurance
Personal Inclusive Insurance Keeping our Huiminbao industry lead, we replicate its experience across more personal inclusive insurance for new growth Future Growth New inclusive business: § Broader cover: refine and upgrade products with Richer products to people covered in five benefit more inclusi
Slide 40: Serving national priorities and people's needs is where our growth lies
Serving national priorities and people's needs is where our growth lies Richer protection for a stronger safety net, More diverse models to reach online and offline customers and serve the people Thank you for your interest in and support for PICC!
Slide 41: Important Notice
By attending the event that includes this presentation or reading these materials, you agree to be bound by the following restrictions: This presentation was prepared by PICC Property and Casualty Company Limited (the "Company"). No representation or warranty, express or implied, is made as to the f
Slide 42: 民保险 服务人
民保险 服务人
Picc Property & Casualty — Investor Day (November 2026) on 6ix