Core Viewpoint - Recent rumors about Yu Ze, Vice President and President of PICC Property and Casualty, being taken away have circulated, but no official confirmation has been made yet [1][2]. Group 1: Background on Yu Ze - Yu Ze, born in 1971, has been in the insurance industry since 1994, with a career path that includes roles at PICC, Taiping Insurance, and a return to PICC [3]. - He has served as the head of PICC Property and Casualty since March 2021, making him the longest-serving leader among the last five heads of the company [3]. Group 2: Company Performance and Market Impact - Under Yu Ze's leadership, PICC Property and Casualty has seen steady growth, with annual premium income increasing from 440 billion yuan to 540 billion yuan from 2021 to 2024, maintaining a market share of over 30% [4]. - The company's combined cost ratio has improved, dropping to 96.1% in the first three quarters of this year, while net profit rose from over 20 billion yuan to over 30 billion yuan, reaching over 40 billion yuan in the same period, marking a record high [4]. Group 3: Leadership Challenges and Corruption Issues - Three out of the last five leaders of PICC Property and Casualty have faced significant issues, highlighting a trend of instability within the company's leadership amid a crackdown on corruption in the insurance sector [5][6]. - Recent high-profile cases include the dismissal of former leaders for serious violations, with specific allegations ranging from financial misconduct to abuse of power [7][8].