Joint venture between Hollard and PICC

South Africa’s third non-life insurer, Hollard, and China’s number one, PICC have concluded a joint venture designed to seize the business opportunities in China and South Africa. Hollard, which has been operating in China for five years thanks to its representation office, plans to develop new products as well as a distribution network on the Chinese market. In addition, the group has just received a license to operate in India.