The insurance industry plays a vital role in the global economy by protecting individuals and businesses from financial loss. The top 10 insurance companies in the world, as of 2021, are as follows:
- Allianz – Allianz is a German multinational financial services company headquartered in Munich. It is the world’s largest insurance company in terms of revenue and has operations in more than 70 countries. Allianz offers a wide range of insurance products, including life, property and casualty, and health insurance.
- AXA – AXA is a French multinational insurance company headquartered in Paris. It is the second-largest insurance company in the world and offers a wide range of insurance products, including life, property and casualty, and health insurance.
- China Life Insurance – China Life Insurance is a state-owned insurance company in China and is the largest insurer in the country. It offers a wide range of insurance products, including life, property and casualty, and health insurance.
- Ping An Insurance – Ping An Insurance is a Chinese multinational insurance company based in Shenzhen. It is the second-largest insurer in China and offers a wide range of insurance products, including life, property and casualty, and health insurance.
- Prudential – Prudential is a British multinational insurance company headquartered in London. It is one of the oldest insurance companies in the world and offers a wide range of insurance products, including life, property and casualty, and health insurance.
- State Farm Insurance – State Farm Insurance is an American multinational insurance company headquartered in Bloomington, Illinois. It is the largest insurer of cars and homes in the United States and offers a wide range of insurance products, including life, property and casualty, and health insurance.
- Berkshire Hathaway – Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. It owns several insurance companies, including GEICO and Dairyland Insurance.
- UnitedHealth Group – UnitedHealth Group is an American for-profit health insurance company headquartered in Minnetonka, Minnesota. It is the largest health insurer in the United States and offers a wide range of health insurance products.
- Japan Post Insurance – Japan Post Insurance is a Japanese insurance company and is the largest insurer in Japan. It offers a wide range of insurance products, including life, property and casualty, and health insurance.
- AIG – American International Group, commonly known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. AIG is one of the largest insurance companies in the world, offering a wide range of insurance products, including life, property and casualty, and health insurance.
It is important to note that the ranking of these insurance companies is subject to change and should be considered as an approximation. Additionally, there are numerous other insurance companies that are also considered to be among the top in the world, but were not included in this list.
References:
Allianz. (n.d.). About Allianz. Retrieved from https://www.allianz.com/en/about-us/
AXA. (n.d.). About AXA. Retrieved from https://www.axa.com/en/about-us
China Life Insurance. (n.d.). About China Life Insurance. Retrieved from https://www.chinalife.com.cn/en/about-us/overview.html
Ping An Insurance. (n.d.). About Ping An Insurance. Retrieved from https://www.pingan.com/en/about
Prudential. (n.d.). About Prudential
