We all face an array of risks ranging from accidents, risks of being victims of calamities and disasters, the risk of falling sick and lastly, the risk of life.
The pain and financial demands that come with these risks are at times overwhelming. Insurance is one of the main ways one gets prepared for the worst. Below are the
With a presence in at least 56 countries, 157,000 employees and 102 million customers, AXA could be the largest insurance group in the world. The main products include a concentration in life insurance, asset management, savings, and accident insurance, dating back to 1817. The company is based in Paris and is present on every continent except Australia. On average, the company generates a turnover of about 100 billion euros per year.
2) Zurich Insurance Group
A Swiss-based insurance company, Zurich Insurance Company, is present worldwide and has been carefully built and implemented since 1872. Companies and subsidiaries are active in at least 170 countries and earn an average of $ 60 billion a year.
The main activities include global life insurance, general life insurance, and farmer insurance. The company offers products to individuals and companies of all sizes. Zurich has about 55,000 employees on all continents.
3) China Life Insurance
China has quickly surpassed the world in almost every sector, not to mention the insurance industry. one of the largest in the world is a public provider of financial services and insurance. Besides, he is a major player in the Chinese capital market and his contributions as an institutional investor make a significant contribution.
Founded in 1949, this state-owned insurance company was established under the name Peoples Insurance Company of China. It was restructured in 2003 under the name China Life Insurance Company. Today it has seven subsidiaries that manage its main activities in the areas of pensions, insurance, real estate and accidents, asset management, operations, and foreign investment. In terms of market capitalization, China Life Insurance is the largest in the world.
4) Berkshire Hathaway
It’s a powerful company, associated with a powerful personality: Warren Buffet. Warren Buffet, founded in 1889, recently transformed the company, a mediocre entity, into a real powerhouse, one of the largest corporations in the world.
The company operates in a conglomerate of companies including insurance activities, rail investments, energy, services, retail, manufacturing, utilities, and finance.
Berkshire Hathaway offers primary insurance and reinsurance products that cover material and material damage. Berkshire Hathaway subsidiaries include US Liability Company, Berkshire Hathaway Primary Group, GEICO, Berkshire Hathaway Reinsurance Group, Central State Insurance Company, Medical Protection Company, and Subscribers.
5) Prudential plc
This is another big name in the insurance industry. It is marketed in the insurance and financial services sectors and operates throughout the Asian continent, the United Kingdom, the United States and recently entered Africa.
Founded in the United Kingdom in 1848, the company operates under the following names: Jackson National Life Insurance Company, Prudential Corporation Asia and M & G Investments.
An average of 22,308 people works there, of which £ 509 billion are assets under management. Jackson Insurance Co. is one of the leading insurance companies in the United States. Prudential UK is a leading supplier of life insurance and pension products.
6) United Health Group
The company is a major player in the field of diversified health insurance in the United States And it’s visible on its two most important business platforms: UnitedHealthcare regarding health benefits and Optima offered by companies in medical care. The Firm earns an average of at least $ 100 billion a year. According to Fortune, it is the most admired society in the world for medical care and insurance. UnitedHealth Group is renowned for its experience and resources used to treat clinical problems
7) Munich Re Group
The Munich Re group, founded in 1880, is present in more than 30 countries and all insurance lines. The focus is mainly on Europe and Asia. The main insurance activities of the Munich Re Group are managed by the ERGO Insurance Group, its main subsidiary. ERGO offers comprehensive insurance, facilities, and services. In its main market, Germany, the company is the leading insurer in all areas. Munich Health (its last subsidiary) and Parlays (branch of risk management and insurance) specialize in the health sector.
The Munich Re Group employs around 45,000 people for all activities such as health insurance, marine reinsurance, life reinsurance, aircraft reinsurance, accident insurance, fire reinsurance, civil liability, and accident reinsurance. and car insurance. An average annual return of around 3 billion euros is sufficient proof of reality.
8) Assicurazioni Generali S.P.A.
Founded in 1831, it is the market leader in Italy and other countries. The company focuses primarily on life insurance packages with products that go to, for example, family protection, pension plans, and savings contracts. These products include car coverage, accidents, health, household, and industrial and commercial risks. The group has approximately 77,000 employees and a customer base of 65 million.
9) Japan Post Holding Co., Ltd
It’s another big Japanese conglomerate. The Post Holding Company sells its products in its four main divisions, namely Japan Post Network (post office operator), Japan Post Insurance (provides life insurance), Japan Post Bank (banking functions) and Japan Post Service delivery by E-mail). The mail insurance division offers insurance to customers, and the company’s mail service plays an important role in helping the company reach its customers.
10) Allianz SE
As a leading provider of financial services, the company offers products and services that range from asset management to insurance. The product line includes health products, life insurance and other damage for people and/or companies. Allianz SE, based in Germany, manages assets worth around € 2 billion.