Be it health issues or financial difficulties, insurance plays an integral role in our lives. If at all any disaster strikes, we can survive it with the help of the financial stability offered by an insurance. There are several insurance companies all over the world, but to help you select the best, we’ve created a list of top 10 insurance companies in the world.
If you are planning to buy an insurance in your country, we have listed 10 of the best insurance companies in World here to help you out.
List of top insurance companies in World 2017
Here are the list of best insurance companies in World . There is no such ranking mechanism followed, this list is prepared as per the reputation and the business size of the insurance company and totally as per our personal opinion. You can also share your list of Top 10 Insurance Companies in World as per your preferred criteria by writing a comment below.
Incorporated in the year 1890 in Germany, Allianz SE is a renowned financial services company which apart from insurance products, also offers many different types of services like asset management. It has its presence in more than 70 countries all over the world. Right from life and health insurance products, to casualty and property insurance, the company offers an extensive range of insurance products.
Metlife was founded in the year 1868 in the United States. It currently caters to more than 90 million customers in more than 62 countries. It has more than 60,000 employees throughout the world and is very popular for its comprehensive range of insurance, employee benefits, and annuity products.
Based in London, Prudential Plc. was founded in the year 1848 and has continued to maintain an excellent reputation in the insurance industry all over the world. Prudential Asia is the largest division of the company and it has more than 16 million customers in Asia alone. The company is very popular in several countries, like Hong Kong, India, Singapore, Malaysia, Philippines, and Vietnam.
United Health Group
United Health Group has two different business platforms- Optum which offers health services and UnitedHealthcare which offers health benefits. Together, both these platforms cater to more than 90 million customers in more than 125 countries. The company has excellent resources and experience in clinical care which it uses to offer unique insurance products.
Munich Re Group
Founded in the year 1880, Munich Re has its presence in more than 30 countries with a major focus on Europe and Asia. ERGO Insurance Company, a subsidiary of Munich Re Group operates most of its insurance business and offers a comprehensive range of insurance, provisions, and services. The home market of the company is Germany where it is the most popular insurance provider.
Japan Post Holding
Japan Post Holding is a state-owned conglomerate based in Japan. Japan Post Insurance is a subsidiary of Japan Post Holding and offers a wide range of insurance products to its customers. Apart from the sales offices, the company also uses its wide post office network to provide the best of products and services to the customers.
Incorporated in the year 1831, Assicurazioni Generali Group is not only the most popular insurance company in Italy but is also considered as a major global player in the insurance industry. The group has its presence in more than 60 countries and has its dominance in Eastern, Central, and Western Europe. The company majorly focuses on life insurance products.
China Life Insurance
China Life Insurance is one of the largest insurance providers in Mainland China. While the company was incorporated in the year 1949 as People’s Insurance Company of China (PICC), it was later named as China Life Insurance Company in the year 2003. It currently has 7 subsidiaries and offers many different types of pension plans, life insurance, casualty and property related products and services.
Berkshire Hathaway is popular all over the world due to its association with Warren Buffet who transformed the company into one of the leading investment management conglomerates all over the world. While the company is engaged in many different sectors and has several subsidiaries all over the world, insurance is one its major businesses.
#1 on the list of top 10 insurance companies in the world is AXA. The company currently has more than 100 million customers in more than 55 countries throughout the world. It is headquartered in Paris and has a major presence in North America, Africa, South and Central America, Middle East and Europe. It has more than 157,000 employees all over the world and its main business involves life insurance, casualty and property insurance, asset management and savings.
Which one is the best Insurance Companies in World?
These are 10 of the best insurance companies all over the world. No matter which company you select, make sure that you read the terms and conditions of the insurance product before making a decision.
Write a comment below and share your experience to declare a company as best insurance company in World. You can also share your criteria to select an insurance company in World. I hope this article will help you to make your decision.