Top 10 List of World’s Biggest Insurance Companies

Insurance helps us do exactly what this quote offers. We all deal with many types of risks: the risk of meeting with an accident, getting sick, becoming a victim of a natural disaster or fire, and above all risking life. All these risks not only come with pain and suffering, but also hurt financially. Insurance is one way to be prepared for the worst; It offers the safety that the economic part of the pain will be treated. In this article, we will look at some of the top insurance companies. There are many criteria on the basis of which you can prepare such a list: premium collections, market value, income, profit, geographical area, assets and more. The following list focuses on a number of factors, and the insurance companies that face it are not organized.

1. Zurich Insurance Group

Zurich Insurance Group, a global insurance company based in Switzerland, was founded in 1872. The Zurich Group, together with its subsidiaries, operates in more than 170 countries, providing insurance products and services. Zurich’s core businesses include general insurance, global life insurance and farmers’ insurance. With its employee strength of over 55,000, Zurich caters to the vast insurance needs of individuals and businesses of all sizes: small, medium and large companies and even multi-national corporations. Zurich group revenues in 2017 were $150.568 billion.

2.AXA

With over 102 million customers in 56 countries and a staff base of 157,000, AXA is one of the world’s leading insurance groups. Her main occupation is property insurance and falls, life insurance, savings and asset management. Its origin dates back to 1817 when several insurance companies merged to create an AXA. The company based in Paris has presence throughout Africa, North America, Central and South America, Asia-Pacific, Europe and the Middle East.

In 2013, AXA as a step towards increasing its foothold in Latin America acquired 51% of Colpatria Seguros’ insurance operations in Colombia. In the same year, AXA became the largest international insurer in China as a result of the 50% acquisition of Tian Ping (Chinese company and casualty insurer). In addition, the company acquired HSBC’s life insurance activity in Mexico. AXA Group reported revenues of € 120 billion in fiscal year 2017.

3. China Life Insurance

China Life Insurance (Group) Company (LFC) Is one of the largest financial services and financial services companies in China, and a key player in the Chinese capital market as an institutional investor. The company’s origins date back to 1949, when the People’s Insurance Company of China (PICC) was established. (PIFC) (PIFC) (PIFC) (PIFC) (PIFC) (PIFC) (PIFC) was founded in 1999. The life insurance company in China is undergoing reorganization in 2003, the Group) which has seven subsidiaries. The business extends over life insurance, pension plans, asset management, property and casualty, investment holdings and activities abroad.

The company is traded on the New York Stock Exchange, the Hong Kong Stock Exchange and the Shanghai Stock Exchange, and is the largest public life insurance company by market value worldwide.

4. Berkshire Hathaway

Berkshire Hathaway Inc. (BRK.A.) Was founded in 1889 and is associated with Warren Buffett, which has become a medium entity and one of the largest companies in the world. Berkshire Hathaway is now a leader in an insurance corporation that deals with insurance, among other sectors such as rail transport, finance, services and energy, manufacturing, services and retail through its subsidiaries.

It provides primary insurance, as well as reinsurance of property and casualty risks. Companies such as the Berkshire Hathaway Group of Insurance, GEICO, Berkshire Hathaway Group, General Re, National Indemnity Company, Medical Protection Company, Applied Underwriters, US Liability Insurance Company, Central Indemnification Company and Guard Group are subsidiaries of The group.

5. Prudential plc

Prudential plc (PUK) Is an insurance and financial services brand with operations designed for 24 million customers across Asia, USA, UK and Africa Prudential was founded in the UK in 1848. Prudential Corporation Asia, Prudential UK, Jackson National Life Insurance Company M & G Investments are businesses Jackson is a prominent insurance company in the United States, while Prudential UK is one of the leading providers of pension and life.

Prudential Plc is listed on the stock exchanges of London, Hong Kong, Singapore and New York. It has about 22,308 employees worldwide, with assets under management valued at 509 billion pounds.

6. United Heath Group

UnitedHealth Group Inc. (UNH) Top of the list of diverse health businesses in the United States. Its two business platforms – UnitedHealth Care for Health and Optum – work together, serving more than 85 million people across the United States and 125 countries. The UnitedHealth Group uses its clinical experience and resources to improve the performance of the healthcare industry.

The company reported revenue of $ 197.1 billion in 2017. Fortune introduced the United Group as “the most admired company in the world” in insurance and management for six consecutive years.

7.Munich Re Group

Founded in 1880, Munich Re Group operates in all insurance lines and has a presence in 30 countries, with a focus on Asia and Europe. The Company’s main insurance activity is carried out by the subsidiary ERGO Insurance Group, which offers a comprehensive range of insurance, services and provision. The home market of the Munich RE Group is Germany, where ERGO is a leader in all areas of insurance. The new arm of the Munich Health Group, completes the group’s risk management and insurance expertise in the health field.

The Group has 45,000 employees worldwide, working in all areas of insurance: life insurance, medical reinsurance, accident reinsurance, liability business, motor reinsurance, casualty business, marine reinsurance, aviation reinsurance and fire reinsurance. The Munich RI Group reported a profit of € 5.1 billion in 2017.

8. Assicurazioni Generali S.p.A.

Assicurazioni Generali, founded in 1831, is the parent company of Generali Assicurazioni Group. Generali is not only a market leader in Italy, but is also considered a prominent player in the field of global insurance and financial products. The Group, with presence in more than 60 countries, is an international brand with dominance in the West, Central and Eastern Europe. The main focus of the Generali Group is life insurance, which offers a range of products from family protection policies and savings to unit-linked insurance plans. It offers a diverse range of products in life as well, such as car, home, accident and health coverage, along with commercial and industrial risk coverage.

The Group has 77,000 employees and a customer base of 65 million people worldwide. It has assets of 480 billion euros and is one of the five largest companies in the world.

9. Japan Post Holding Co., Ltd.

Japan Post Post Holdings Co., Ltd. is the largest state-owned conglomerate in Japan, with four main divisions: Japan Post Service, Japan Post Office, Post Bank of Japan, Bank of Japan, Post Insurance (Japan Life Insurance) Post Insurance operates within Japan Post Holdings to provide insurance to its customers.The insurance arm uses the national postal network, in addition to its sales offices, to reach and provide services to customers.

JPN Post Holdings, which issued to the public in 2015, reported consolidated after tax profits of $ 3.84 billion from April to December 2015. The group manages Japan’s largest insurance insurer.

10. Allianz SE

Founded in 1890, Allianz SE is a leader in financial services, providing products and services from property management insurance. Allianz is seeking customers in more than 70 countries with assets of € 1.8 billion in management. The insurance products range from property products to life assurance and life insurance products to business customers and private customers. The company is headquartered in Germany.In 2017, total revenues reached a new record of € 135.2 billion.

 

 

 

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