Top 10 Best Insurance Companies in The World : Insurance is a deal between a policyholder and an insurer in which policyholder pay some of the money to insurer in exchange for several types of services and coverages such as life insurance, accidental, health, property, car and home insurances. Insurance is something that give us financial stability to survive. Different life insurance companies offer different services. In the following article we will take a look at Top 10 Best Insurance Companies in The World.
Here is a list of the Top 10 Best Insurance Companies in The World
10. Japan Post Holding Co.
This japanese state-owned company is mainly focused in financial window business, banking business and life insurance business. All of these businesses are divided in four primary divisions: Japan Post Service (which deals with mail delivery), Japan Post Network (runs the post offices), Japan Post Bank (which deals with banking operations), and Japan Post Insurance ( which provides life insurance). Japan Post Holding reported profits of $3.84 billion in 2015. Japan Post Insurance is largest insurer in Japan. Company has around 230,000 employees. Japan Post Insurance is also one of the top life insurance companies in the world.
9. Munich Re Group
Munich Re is another financial services company from Munich, Germany that offers products and services from insurance to asset management. Group is providing its services in 30 countries, mainly in Asia and Europe. Company’s primary insurance businesses and asset management is handled by the ERGO Group and MEAG (MUNICH ERGO AssetManagement GmbH). It was founded in 1880 and has around 45,000 employees worldwide. It is one of Best Insurance Companies in The World.
8. Allianz SE
Allianz Se is german assurance and financial services company founded in 1890 and headquartered in Munich, Germany. It is a largest insurance and financial company in the world, providing products and services from insurance to asset management. Allianz offers Insurance services from property and accidental insurance to health and life insurance products for corporate and individual in more than 70 countries. Allianz is top insurance companies in the world . In 2015, Company reported total revenues of €125.2 billion euros.
7. Assicurazioni Generali S.p.A
Assicurazioni Generali founded in 1831 is an italian insurance company. Assicurazioni Generali is third largest insurance company in the world and largest in the italy. The company has presence in more than 60 countries, primarily in Europe, Middle East and East Asia. Group offers insurance services for individuals and family like casualty, accident, health, and commercial and industrial risks insurance services, as well as asset management and banking services. Company has client base of 65 million people worldwide and has approximately 77,000 employees.
6. Unitedhealth Group
UnitedHealth Group Inc. is a health care businesses company headquartered in Minnetonka, Minnesota, United States. UnitedHealth Group has served more than 80 million individuals throughout the United States. It offer health care services through two businesses – UnitedHealthcare and Optum , UnitedHealthcare for health benefits and Optum for health services. UnitedHealth Group uses its experience and resources in helping people live healthier lives. The company reported revenue of $157.1 billion in 2015.
5. China Life Insurance
China Life Insurance Company is a Beijing-based state-owned insurance and financial services company that provides life insurance and annuity products. It is one of the largest mainland chinese insurance company that offer several services like life insurance, pension plans , asset management , property & casualty insurance, and industrial investment. It is one of the top insurance companies in the world and is listed on the New York Stock Exchange, the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
4. Prudential plc
Prudential plc founded in 1848, is a British multinational life insurance and financial services company that offers Life Insurance, Annuities, Mutual Funds, Group Insurance, Retirement Services and other financial services. Company has over 24 million customers from United States, Asia, Europe and Latin America. Company is listed on the London Hong Kong, Singapore and New York Stock Exchanges. It has over 22,000 employees worldwide and company is fully owns america based Jackson National Life Insurance Company and Europe based M&G Investments. Company has assets worth £509 billion.
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3. Zurich Insurance Group
Zurich Insurance Group is a swiss multinational insurer who provide wide range of general insurance solutions such as property, casualty ,life, health insurance products and services in more than 170 countries and territories around the globe. Company run its operations through three Core business segments include general insurance, global life and farmers insurance. With over 55,000 employee, the company provides insurance solutions to various individuals and businesses of all sizes.
2. Berkshire Hathaway
Berkshire Hathaway Inc. is an american multinational investment manager company that engaged in insurance, and other sectors such as energy, manufacturing, services, rail transportation, finance, utilities and retailing through its subsidiaries. It provides primary insurance such as life, accident, and health insurance, as well as internationally based property and casualty reinsurers through subsidiaries of this large group. GEICO , Berkshire Hathaway Assurance, Gen Re , NRG , U.S. Liability Insurance Company and Medical Protective Company. Berkshire Hathaway is Largest Insurance Companies In The World By total assets and Revenue. Berkshire Hathaway recorded revenue of $194.7 billion in 2015.
1 . AXA
AXA is a French multinational top insurance companies headquartered in Paris. Axa has more than 100 million customers in 56 countries of Western Europe, North America, the Middle East, the Asia Pacific region and also in Africa. This top insurance companies has employee base of 157,000. It is an open organization that run several businesses like property and life insurance, casualty insurance, saving and asset management. Company was founded in 1817 when several other insurance companies merged to create AXA. As of 2017 Company has total Assets of about $963 Bn and revenues of about $161.2 Billion. Company operates its business through number of subsidiaries such as AXA Sun Life, AXA PPP Healthcare, AXA Isle of Man and AXA Schengen. It offer various insurance plans such as life insurance , health insurance, vehicle, savings, investments, and retirement. It is one of the best insurance companies in The World.