Top 10 Insurance Groups

Top 10 Insurance Groups

These are the largest top 10 insurance groups in the world

#10 Assicurazioni Generali

Assicurazioni Generali Insurance
The Italian Generali opens the top 10 largest insurance groups in the world. The company was founded in 1831 in what was then Trieste, Austria. According to Forbes, sales have recently been $ 93 billion. The assets were reported to be approximately $ 647 billion.

#9 Zurich insurance company

Zurich insurance company
The Zurich Insurance Company is the largest insurance group in Switzerland. The company, founded in 1872, ranks 110th on the “Forbes” list of the largest listed company worldwide. The key figures: $ 64 billion in sales, $ 401 billion in assets, $ 48 billion in stock market value.

#8 AIA Group

AIA Group insurance
AIA is the largest listed pan-Asian life insurer in the world. The Hong Kong company celebrates its 100th birthday on June 2, 1919. The founder was the US entrepreneur Cornelius Vander Starr. AIA has recently posted sales of $ 32 billion and assets of approximately $ 213 billion, according to Forbes.

#7 Met Life

The insurance industry is largely dominated by time-honored traditional companies. There Met Life fits in seamlessly. The New York company was founded in 1868. With sales of $ 64 billion and a market value of around $ 48 billion, it ranks 78th on the “Forbes” list of the largest corporations. The company’s headquarters on Park Avenue was once designed by star architect Walter Gropius for Pan Am airline.

#6 Prudential Financial

Prudential Financial was founded in 1875 by John Fairfield Dryden. The company’s headquarters are located at the gates of New York in Newark. Around 50,000 people work for the insurer worldwide. According to Forbes, sales have recently been around $ 61 billion.

#5 Prudential plc

Another insurer with the promise “reasonable” in its name. The British company Prudential is in fifth place in our rankings with sales of $ 112 billion and assets of $ 655 billion. In the “Forbes” overall list, Prudential ranks 66th. Founded in London in 1848, the company operates in the United Kingdom, the United States and Asia.

#4 China Life Insurance

China Life Insurance was founded in 2003. The Beijing-based company quickly made it to the top of the world. The insurance company recently posted $ 97 billion in revenue, according to Forbes. The market value was stated at $ 104 billion.

#3 AXA Group

According to “Forbes”, the AXA Group is the 33rd largest company in the world. That is enough for third place in our insurer ranking. The French company was founded in 1852 and employs more than 95,000 people. The most recent turnover was $ 150 billion, the market value was $ 64 billion.

#2 Allianz insurance

allianz insurance
Among other things, Allianz achieved second place in the ranking with sales of $ 123 billion. The German insurer estimates the market value of “Forbes” at around $ 100 billion. The traditional company founded in 1890 and based in Munich employs more than 140,000 people worldwide. Allianz currently ranks 22nd on the list of the world’s largest corporations.

#1 Ping An Insurance Group

Ping An Insurance Group is the largest insurer in the world, according to Forbes. The US business magazine ranks the Chinese company based in Shenzhen in tenth place on its cross-industry list of the largest listed companies. Ping recently reported sales of approximately $ 142 billion and a market value of $ 181 billion. The company was founded in 1988. It specializes in life insurance, risk insurance and securities trading.

Insecure times always mean good business for insurers. According to the Organization for Economic Cooperation and Development (OECD), nine percent of the gross domestic product of its member states is accounted for by insurance amounts alone. The current number comes from 2016. However, this assessment by the OECD came in freshly: Accordingly, the total amount of insurance premiums rose in almost all countries in 2017. In Russia, life insurance even recorded an increase of around 41 percent in 2017.

But which companies benefit exactly from the run on security? We have the list of the largest listed companies in the world of the US business magazine “Forbes”. Of interest were the two categories “Life & Health Insurance” and “Diversified Insurance.”