On March 28, Yu Ze, Vice President of PICC Group and President of PICC Property and Casualty Company Limited, addressed the PICC performance conference, emphasizing that PICC Property and Casualty boasts the largest customer base and most comprehensive data in the new energy vehicle (NEV) sector, positioning the company as a leader in risk pricing for NEV insurance. Yu Ze disclosed that the profitability of the company's NEV insurance surpasses market averages, highlighting successful underwriting and claims management channels with major original equipment manufacturers (OEMs), new automakers, and in-depth collaborations with battery producers, thereby enhancing channel management. The industry has achieved significant advancements in reducing maintenance costs and establishing a robust compensation risk-sharing framework. Yu Ze expressed his enthusiasm for the upcoming expansion of the independent pricing coefficient, anticipating further progress in this area.