PICC Property and Casualty Company Limited is a joint stock company. It operates in six segments. The motor vehicle segment provides insurance products covering motor vehicles. The commercial property segment provides insurance products covering commercial properties. The cargo segment provides insurance products covering vessels, crafts or conveyances. The liability segment provides insurance products covering policyholders鈥?liabilities. The accidental injury and health segment provides insurance products covering accidental injuries and medical expenses. The other segment represents insurance products related to marine hull, homeowners, agriculture, aviation and energy. The Company鈥檚 subsidiaries are engaged in providing insurance agency services and training services for the Company. In December 2010, the Company acquired a 30.41% interest in Beijing No. 88 West Chang鈥檃n Avenue Development Company Limited (the No. 88 Development Company).