1. Property insurance mainly covers the risk of natural disasters, and the frequency of natural disasters changes greatly every year. Life insurance is based on human life and the law of large numbers, and the required insurance premium can be accurately calculated through actuarial calculation. Property insurance companies are more likely to go bankrupt when they encounter catastrophes in their operations. If mixed operation, it may lead to huge losses in life insurance business. Annuity (pension business) in life insurance is related to social stability. Therefore, in developed regions around the world, property insurance companies can supplement short-term health insurance and accident insurance in commercial life insurance.
2. Property insurance companies refer to insurance companies engaged in property insurance business. Property insurance business includes property loss insurance, liability insurance, credit insurance and other insurance business; Property insurance companies may engage in short-term health insurance business and accidental injury insurance business with the approval of insurance supervision and administration institutions.