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World’s Top 10 Insurance Companies 2017


Life is full of risks and unpredictability hence we need to hope for the best and prepare for the worse.  We face numerous types of risks every day. They include: accident, sickness etc. these risks all have sorrows accompanying them where ever they go. They can cause physical pain and also affect you financially hence the need to have insurance. Having an insurance help you to be fully prepared for the worst life can offer. It will help to take away part or all of the financial implications of the above mention risks. Taking the decision to obtain insurance is one thing and to get the best insurance company is another thing. This post will help you to find some of the top insurance companies in the market. This list was prepared taking into consideration certain criteria such as; premium collections, market capitalization, profit, assets, revenue, geographical area and more. Click Here
The following are some of the world’s best insurance companies in no particular order:

China life insurance
This company is among mainland china’s largest state-owned insurance and financial services companies, it also play a key role in the Chinese capital market as an institutional investor. The origin of the company can be traced back to 1949, the period when People’s Insurance Company of China (PICC) was formed. The company’s offshoot PICC (Life) Co. Ltd. Was formed after separating from PICC in 1996. The new company PICC (Life) Co. Ltd. Was later renamed as China Life Insurance Company in 1999. The company was later rebranded as China Life Insurance (Group) Company in 2003. It has seven subsidiaries. Their business plans include: pension plans, property and casualty, insurance, asset management.
It is listed on top countries Stock Exchange like the New York Stock Exchange, the Hong Kong Stock Exchange and the Shanghai Stock Exchange.  Also it is the largest public life insurance company when considering market capitalization in the world.

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Japan Post Holding Co. Ltd.
This company is one of the largest insurance companies in Japan owned by the state. It is made up of four divisions namely: Japan Post Service (basically for mail delivery), Japan Post Network (focused on post offices), Japan Post Bank (handle banking duties), and Japan Post Insurance (life insurance). Japan Post Insurance is the branch of Japan Post Holding Co. Ltd. That provides insurance services to its clients. It engages the service of the Post Offices Nationwide Network to advertise and market it services to clients. It is the largest insurer in Japan.

Allianz SE
Allianz SE is another leading company around in the insurance market. They provide services ranging from insurance to asset management. The company was established in 1890 and has been around for a very long time. It has customer base in over 80 countries and an estimated assets management of € 1.8 billion. The company has it head office in Germany. The company has different kinds of insurances such as health and life insurance, casualty insurance, etc.

Assicurazioni Generali S.P.A
Established in 1831, Assicurazioni Generali is the parent company of the Assicurazioni General Group. The company is one of the biggest insurance players in the field in Italy. The company has branches in over 60 countries; it is an international brand with dominance in Western, Central and Eastern Europe. The company main interest is insurance. They offer different range of products from family protection and savings policies. It also offers equal diverse range of products in the non-life segment.
The company has over 78,000 workers and over 67 million clients base worldwide. It is rank among the top 10 largest companies in the world.

Munich Re Group
Munich Re Group was founded in 1880. It operates all kinds of insurance plan. It has base in about 30 countries or there about. It main markets are Asia and Europe. ERGO Insurance Group is a subsidiary of Munich Re Group which handle the insurance business for the company. They offer a wide range of insurance plans. The company’s head office is in Germany, where ERGO is a main player in all areas of insurance. The company has around 45,000 workers worldwide, working in all businesses that have anything to do with insurance.

United Health Group
This company sit top of the list of health care businesses in the U.S. it has two business platform- UnitedHealthCare for health benefits and Optum for Health Services. These two platforms work together and they have a client base of over 90 million people in every U.S. state and 125 countries. The company makes use of its experience and resources in clinical care to better the performance of the health care service sector.

Prudential Plc.
This company is one of the best insurance companies around. It has over 24 million clients across the whole world. It focus base include Asia, the U.S, the U.K and Africa. The company was established in 1848 in the United Kingdom. The company comprises of subsidiary groups which include : Prudential Corporation Asia, Prudential U.K., Jackson National Life Insurance Company and M&G Investments, Jackson is a main player when it comes  to insurance business in the United States, while Prudential U.K is one of the leading providers of pension and life. It has over 22,308 workers worldwide with over € 509 billion in net worth.

Berkshire Hathaway
The company was established in 1889 and is in partnership with Warren Buffet, who has change a relatively unknown entity into one of the world’s largest companies. The company is now a key player in investment and management, insurance, and other sectors. They provide primary insurance, as well as reinsurance of property and casualty risks. The company comprises of subsidiaries which include: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, and General Re, Medical Protective Company, National Indemnity Company, U.S Liability Insurance Company, the Guard Insurance Group and Central Indemnity Company.

Zurich Insurance Group
This is a Switzerland based global insurance company; it was created in the year 1872. Zurich Group, together with its subsidiaries, operates in more than 170 countries, selling insurance products and services to her clients. It main areas of interest or focus are general insurance, global life and farmers insurance. It has a vast number of employees which stood at 55,000.

AXA
This company is one of the world’s key players in the field of insurance. It has over 102 million clients in 56 countries and with an employee base of 157,000, the company ensure it clients are well cater for. It areas of interest are property and casualty insurance, life insurance, saving and asset management. It was founded in 1817 when several insurance companies came together to found AXA. The company’s head office is in Paris from where it influences and touches other places like Africa, Asia Pacific, North America, Central and South America, Europe and the Middle East.

These are some of the world best insurance companies around, feel free to add yours in the comment box.
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