Top 10 Insurance Providers World Wide

Top 10 Insurance Providers World Wide

Today, Insurance is one of the biggest financial services which an individual seeks for family, property, or even life. There is no need to explain the importance to any one today and hence it becomes one of the vital component of any one’s life.

There are many things which should be considered while selecting a company for purchasing an Insurance plan as the service provided varies greatly on the company which we choose.

There are many factors on which choosing an Insurance Provider depends one of them is the popularity of the Insurance Provider among people, here is a List of top 10 Insurance providers in the world which might help you in selecting an Insurance Provider.

 1.   AXA

                                           

With more than 102 million customers from 56 countries and having more than 157,000 employees, AXA becomes the world’s leading Insurance provider.

The main businesses are Life Insurance, Casualty Insurance, and Property Insurance.

It has its presence mainly in England, America and China, with company Headquarter at Paris.

    2.    Berkshire Hathaway

                                                         

Berkshire Hathaway Inc. the American Multinational with headquarter in Omaha, US is the second largest Insurance provider in the World.

The company was founded in 1889 and is associated with Warren Buffet, who changed the face of company by transforming it into a huge insurance provider.

The company provides primary insurance as well as reinsurance, the company had a net revenue of $19.5 Billion for the year 2013.

       3. Zurich Insurance Group

                                                          

Zurich Insurance group with headquarter located at Switzerland is a Global Insurance Company which ranks third among the Top Insurance Companies.

Zurich Insurance group is operative in more than 170 countries providing a wide range of products and services.

Zurich has expanded its network vastly in last two decades which increased its revenue tremendously. The main Product of Zurich is General Insurance followed by life insurance and farmers insurance.

       4.China Life Insurance

                                                        

China Life Insurance Company is the largest state owned insurance company in China, which was started in the year 1949. The group holds many subsidiary companies like China Life Asset Management Company, China life Insurance company ltd., Insurance professional college etc.

The company offers various insurance plans and also operates in short-term insurance segment. The company ranks 66^th in the Forbes global 2000 list for the year 2014.

5. PRUDENTIAL

Prudential plc  is a top most insurance provider with more than 23 million customers across Asia, the USA, and the UK. Prudential plc was founded in United Kingdom in 1848. 

Prudential Corporation Asia, Prudential UK, Jackson National Life Insurance Company, and M&G Investments are the biggest businesses within the group. Jackson is a prominent insurance company in the United States, while Prudential UK is one of the largest providers of life & personal insurance.

6. ING GROUP

                             

ING group is a Dutch Insurance company. Its headquarters is located in Amsterdam. It is also known as the “Internationale Nederlanden Group”. Its core businesses include-  commercial banking, asset management, investment banking. 

ING has branches in the whole world which makes it one of the biggest chain of insurance service. It provides health insurance, life insurance, general insurance and house insurance. Its insurance policies are very flexible an shrewd.

7. Munich Group

Munich Re Group founded in the year 1880 operates in  insurance and has a presence in more than 32 countries, with focus on Asia and Europe. 

The company’s primary insurance operations are carried out by its subsidiary, ERGO Insurance Group, which offers a vast range of insurance, services and products. Munich Re Group's home market is Germany, where ERGO is a leader in all areas of insurance.

The Group has a new arm, Munich Health, which parlays the group’s risk-management and insurance expertise into the health care field.

 The Munich Re Group reported a profit of €3.3 billion on premium income of €51.5 billion in 2013.

8. Assicurazioni Generali SPA

Assicurazioni Generali, was started in the year 1831, is the Assicurazioni Generali Group’s parent company. The Generali Group is not just a market leader in Italy, but is also counted as a giant player in the field of Insurance Providers world wide. 

The Group, with a presence in more than 60 countries, is an international brand with dominance in Western, Central, and Eastern Europe. 

The group has 77,000 employees and a client base of 65 million people worldwide. The group wrote premiums worth €66 billion: 32% property and casualty premium and 68% life premiums. The group reported operating income of €4.3 billion in 2013.

9. MetLife

Metropolitan Life Insurance company is ninth  best existing Insurance Companies in the world. It has numerous branches across the world from Asia to Africa and America.

 It operates in 62 countries and has more than 95 Million customers across the world. The Insurance company was founded in the year 1868. It is the largest insurance company in the United States of America. It is the 2nd largest insurer in Japan.

10. Allianz SE

Founded in the year 1890, Allianz SE is a leading insurance services company, providing products and services from insurance to asset management and much more. 

Allianz caters to customers in more than 70 countries with €1.77 billion worth of assets under management. Insurance products range from property and casualty products to health products for its customers.