What insurance company is mainly responsible for universal insurance?

Pratt & Whitney Insurance is jointly underwritten by PICC P&C Insurance, China Life Insurance, Ping An Property Insurance, Pacific Life Insurance and Taikang Pension Insurance Company. Pratt & Whitney Insurance, full name of Beijing Pratt & Whitney Health Insurance, is an Pratt & Whitney commercial health insurance product specially designed for Beijing medical insurance participants. Its main features are: full coverage of participants, regardless of age, household registration, occupation and health status; The scope of protection is wider, including not only the cost of basic medical insurance catalogue, but also the cost of special drugs abroad.

Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of paying the insurance premium for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract.

From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses.

From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.