The following are top 9 biggest insurance companies around the world. Let us begin with number 9.
Number 9: United health group incorporated United Health Group Incorporated is an American health care and insurance company. It is the largest healthcare company in the world. Its revenue is $226.2 billion as per 2018 and 115 million customers. Its two business platforms—UnitedHealthcare for health benefits and Optum for health services—work together, serving more than 115 million people in every U.S. state and 125 countries. The UnitedHealth Group uses its experience and resources in clinical care to improve the performance of the health care services sector. The company’s market cap was $278.8 billion on February 5, 2020. Headquarters: Minnetonka, Minnesota, United States.
Number 8: AIA Group Ltd AIA Group was founded in 1919 in Singapore and is currently headquartered in Hong Kong. It is the largest pan-Asian life insurance group, with a presence in 18 different markets including China, Australia, New Zealand, India, and Cambodia. It specializes in life insurance and other financial services. As of Dec. 31, 2018, AIA reportedly had assets of $230 billion and a market cap of $123.4 billion as of February 5, 2020.
Number 7: America international Group American International Group, has offices in 80 different countries. The company, founded in Shanghai in 1919, is currently headquartered in New York City. It mainly operates in three segments including general insurance (commercial and personal insurance), life, and retirement, as well as a technology subsidiary called Blackboard Insurance. You’ll probably recognize the name as one of the companies that received a bailout of $180 billion from the U.S. government following the 2007–2008 financial crisis. According to the Financial Crisis Inquiry Commission, credit default swaps were sold without collateral, causing America international Group to fail. The company has since recovered, reporting $492 billion in assets, and a market cap of $63.8 billion.
Number 6: China life insurance China Life Insurance Company Limited provides life insurance services in China It is one of Mainland China’s largest state-owned insurance and financial services companies, as well as a key player in the Chinese capital market as an institutional investor. The company was founded in 1949 when the People’s Insurance Company of China (PICC) was formed. Its offshoot People’s Insurance Company of China Co. Ltd was created after parting ways with People’s Insurance Company of China in 1996. It was renamed as China Life Insurance Company in 1999. The China Life Insurance Company was restructured in 2003 as China Life Insurance (Group) Company, which has seven subsidiaries. The businesses are spread across life insurance, pension plans, asset management, property and casualty, investment holdings, and overseas operations. The company is listed on the New York Stock Exchange, the Hong Kong Stock Exchange, and the Shanghai Stock Exchange and is the biggest public life insurance company in terms of market capitalization in the world. The company boasts a market cap of $110 billion and assets of 579 billion dollars.
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Number 5: Ping An of China Ping An of China deals primarily with insurance, financial services, and banking. It is is one of the top 50 companies listed on the Shanghai Stock Exchange. Founded in 1988, it was China’s first company to adopt a shareholding structure. The company, headquartered in Shenzhen, China, is one of the world’s most valuable insurance companies and one of the largest asset management and investment companies in the world. Its subsidiaries include Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health. The company’s market cap is $211.2 billion and it has assets worth about 620 billon US dollars.
Number 4: Metlife Insurance The actual name of Metlife insurance company is Metropolitan Life Insurance Company. But it is well known as MetLife worldwide. MetLife is working moreover 60 countries and they have almost 90 million customers. MetLife, Inc is one of the largest global insurance providers. MetLife has a market cap of $47.4 billion and assets of $687.5 billion. It is one of the world’s largest insurers and also provides services in employee benefits and annuities. The company’s affiliates and subsidiaries include MetLife Investors, MetLife Bank—which was sold to MetLife Securities, Metropolitan Property, and Casualty Insurance Company. The Headquarters is in New York, United States.
Number 3: Berkshire Hathaway Berkshire Hathaway was founded in 1889 and is associated with Warren Buffet, who has transformed a mediocre entity into one of the largest companies in the world. Berkshire Hathaway is now a leading investment manager conglomerate, engaging in insurance, among other sectors such as rail transportation, finance, utilities and energy, manufacturing, services, and retail through its subsidiaries.
Number 2: Prudential Financial Insurance. Prudential PLC is a British National Life Insurance Company. The headquarters is in London kingdom and serves over two to 6 million customers. potential dates back to 1875 when it was established to sell their insurance to working class folks enjoy assets exceeding the market Allianz se, Allianz, is a multinational financial services is headquartered. Jim is one of the leading most trusted integrated financial services providers worldwide. Founded in 1890. It is providing products and services from teachers to asset management and caters to customers in more than 70 countries. Insurance photos range from property and casualty products to health and life insurance products for corporate and individual customers. Markets currently stands at $103 billion and it has a total assets worth about $994 billion.
Number 1: AXA Insurance is a multinational insurance company in France. They deal with insurance, investment management and border financial services with over 102 million customers in 56 countries and an employee base of more than 125,000 of the world’s leading insurance companies. It made businesses our property and casualty insurance, life insurance, savings and assets punished. It was founded in 1860 when several insurance companies versus the next two companies headquartered in Paris, but has a presence across Africa, North America, Central and South America, Asia Pacific, Europe and Middle East where 51% of the insurance operations of purchasing gurus in Colombia During the same year it became the largest international insurer operating in China, and as a result of its position of the Chinese property and casualty insurance. It has also acquired non life insurance operations of HSBC in Mexico. The markets covered to for ADHD group is calling around 65 $6 billion and the total assets are about 1000 and $11 billion. Picking the right insurance companies investing is important and should not be based on company size. A few things are the district’s financial strategy specializes in any particular type of insurance, refusal of claims and past the proximity of the office, premium rates and discounts of most policies.