Top 10 insurance companies in the world 2018
There are many insurance companies in the world and it would not be easy listing the best ten as there are many indices to use in drawing a conclusion as to which ones are the best.
Top 10 insurance companies in the world
1. Ping An Insurance Group:
Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries mainly deal with insurance, banking, and financial services. The company was founded in 1988 and has its headquarter in Shenzhen. Ping An literally means “safe and well”.
Ping An Insurance is the world’s largest and most valuable insurer, worth US$217 billion (1.4 trillion yuan), as of January 2018. It is also one of the world’s biggest investment and asset management companies, with a total asset of US$848.5 billion (5.6 trillion yuan), as of 2016
2. Germany’s Allianz:
Allianz is a European financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. As of 2018, it is the world’s second largest insurance company, the largest financial services group and the largest company according to a composite measure by Forbes magazine,as well as the largest financial services company when measured by 2013 revenue. The company is a component of the Euro Stoxx 50 stock market index
3. AXA Group:
AXA is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services
The AXA Group operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East, with presence also in Africa. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The company is a component of the Euro Stoxx 50 stock market index.
4. Japan Holdings:
Japan Post Holdings Co., Ltd. is a Japanese state-owned conglomerate headquartered in Kasumigaseki, Chiyoda, Tokyo. It is mainly engaged in postal and logistics business, financial window business, banking business and life insurance business. The company offers letters and goods transportation services, stamp sales, deposits, loans, and insurance products
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC),better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries with it’s headquarters in New York, New York, U.S., The firm was founded on March 24, 1868.
6.Prudential Financial, Inc :
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, investment management, and other financial products and services to both retail and institutional customers throughout the United States and in over 30 other countries. Principal products and services provided include life insurance, annuities, mutual funds, pension- and retirement-related investments
7. Zurich Insurance Group Ltd :
Zurich Insurance Group Ltd. is a Swiss insurance company, commonly known as Zurich, headquartered in Zürich, Switzerland. TThe company is Switzerland’s largest insurer. As of 2017, the group is the world’s 91st largest public company according to Forbes’ Global 2000s list
8.Chubb limited :
Chubb Limited is the world’s largest publicly traded property and casualty insurer. The company has offices in 54 countries. Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance.
9 AIA Group :
AIA Group Limited, known as AIA, is the largest public listed pan-Asian life insurance group. It offers insurance and financial services, writing life insurance for individuals and businesses, as well as accident and health insurance, and offers retirement planning, and wealth management services.
10. Munich Re:
Munich Re Group or Munich Reinsurance Company is a reinsurance company based in Munich, Germany. It is one of the world’s leading reinsurers.ERGO, a Munich Re subsidiary, is the Group’s primary insurance arm. Munich Re’s shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices.