Top 10 insurance companies in the world and their market capitalization

The 10 best insurance companies in the world: Through contracts, insurance companies offer risk management to their clients in the private, public and voluntary sectors. Although there are many types of insurance companies, the basic idea is that the insurer promises payment or reimbursement in the event that the insured suffers losses.

In many cases in the past, insurers have been able to provide customers with reasonable rates due to risk pooling. Insurance companies offer policies covering losses in a variety of categories, including those involving personal injury, professional liability, malpractice, property, health, and other losses.

The size of insurance companies can be classified in various ways. Market capitalization, or the valuation of a company on the stock market, can be used to value a company, as can sales indicators like the number of policies issued or net premiums written in a given year. Here, we take a look at the top 10 insurance company providers by sales, market share, and market capitalization.

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Top 10 insurance companies in the world and their market capitalization

Ranking Companies Market capitalization Country
1 Berkshire Hathaway $616 billion United States
2 Ping An Insurance $111 billion China
3 AIA Group $109 billion hong kong
4 Life insurance in China $103 billion China
5 Allianz $71 billion Germany
6 Cigna $88.2 billion United States
seven Zurich Insurance $67 billion Swiss
8 AXA $58 billion France
9 humane $63 billion United States
ten Munich RE $36.3 billion Germany

1. Berkshire Hathaway – $616 billion

Market cap: $616 billion

Exchange: NYSE

Country: United States

A major conglomerate and one of the top 10 insurance companies in the world, Berkshire Hathaway Inc. also owns businesses in industries such as rail transportation, utilities and energy, manufacturing, services and retail. detail.

Through organizations such as GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, General Re, National Indemnity Company and others, Berkshire offers both primary insurance and property and casualty reinsurance.

2. Ping An Insurance – $111 billion

The 10 best insurance companies in the world

Market cap: $111 billion

Exchange: OTC

Country: China

Ping An Insurance specializes in banking, financial services and insurance. The Shanghai Stock Exchange is one of the 50 largest companies.

It was China’s first stock insurance company when it was established in 1988. Ping An Life, Ping An Property & Casualty, Ping An Annuity and Ping An Health are just a few of its many subsidiaries.

3. AIA Group – $109 billion

The 10 best insurance companies in the world

Market cap: $109 billion

Exchange: Hong Kong Stock Exchange Limited

Country: Hong Kong

Life insurance is offered by AIA Group Ltd (AIA). In addition to savings and investment plans, it provides people with life insurance, medical insurance, accident insurance, critical illness insurance, and disability insurance.

In addition, it offers corporate clients credit insurance, retirement savings and employee benefit programs. Through a network of collaborators, representatives and staff members, it markets and sells its goods and services.

In Asia-Pacific, AIA has branches and subsidiaries in Hong Kong, Thailand, Macao, Singapore, Malaysia, China, South Korea, Philippines, Australia, Indonesia, Taiwan, in Vietnam, New Zealand, Sri Lanka, Brunei, Myanmar, India and Cambodia. AIA’s head office is in Hong Kong.

4. Life insurance in China – $103 billion

The 10 best insurance companies in the world

Market cap: $103 billion

Exchange: SHA

Country: China

Next on our list of the top 10 insurance companies in the world is one of the largest state-owned life insurance and financial services companies in mainland China. China Life Insurance also plays an important role as an institutional investor in the Chinese stock market.

The People’s Republic of China was established in 1949, the same year the company was established. Currently, the company has a large number of subsidiaries in the areas of asset management, property and casualty insurance, life insurance, pension plans and investments.

5. Allianz – $71 billion

The 10 best insurance companies in the world

Market cap: $71 billion

Exchange: ETR

Country: Germany

The world’s leading provider of financial services, Allianz offers a range of goods and services, including asset management and insurance. For businesses and individuals, it offers insurance products such as health and life insurance as well as property and liability policies. Germany serves as the company’s headquarters.

6. Cigna – $88.2 billion

The 10 best insurance companies in the world

Market cap: $88.2 billion

Exchange: NYSE

Country: United States

Cigna is a large, internationally managed healthcare and insurance organization headquartered in Bloomfield, Connecticut.

The majority of its insurance subsidiaries’ offerings for medical, dental, disability, life, accident and related goods and services are offered by employers and other groups (for example, governmental and non-governmental organizations, trade unions and associations). Connecticut is where Cigna was founded.

Cigna primarily provides health, life and accident insurance coverage to people in the United States and a few select overseas countries.

It also sells Medicare and Medicaid products. In addition to the aforementioned current businesses, Cigna also has run-off operations, such as a run-off reinsurance section.

The Cigna Medical Group, a full-service health maintenance organization with satellite clinics throughout the region, is administered by Cigna in the Phoenix metro area. The Cigna Company also oversees Cigna Global Health Benefits.

7. Zurich Insurance – $67 billion

The 10 best insurance companies in the world

The 10 best insurance companies in the world

Market cap: $67 billion

Exchange: SWX

Swiss country

One of the 10 largest insurance companies in the world in Switzerland is Zurich Insurance Group Ltd., which is headquartered there. The company was ranked 94th in Interbrand’s top 100 brands in 2011 and, according to Forbes’ Global 2000 list, it will be the 112th largest public company in the world from 2021.

General Insurance, Global Life and Farmers are the three main business segments of Zurich, a multinational insurer. Zurich has 55,000 employees and customers in 215 nations and territories. The company is listed on the SIX Swiss Exchange. It had $34.494 billion in equity in 2012.

8. AXA – $58 billion

The 10 best insurance companies in the world

Market cap: $58 billion

Exchange: EPA

Country: France

AXA is an international insurance company based in France. The head office is located in Paris, in the 8th arrondissement of France. It also offers other financial services, such as investment management.

The Axa group mainly operates in Western Europe, North America, the Indo-Pacific region, the Middle East and Africa. Axa is a collection of separately owned companies that operate in many national legal frameworks. It is part of the stock market index known as the Euro Stoxx 50.

9. Humana – $63 billion

The 10 best insurance companies in the world

Market cap: $63 billion

Exchange: NYSE

Country: United States

Ninth on our list of top 10 insurance companies in the world is the American health insurance company named Humana.

The company’s position of 41 on the Fortune 500 list in 2021 made it the highest-ranked Kentucky-based company by revenue. It was the third largest health insurance provider in the country.

On July 3, 2015, health insurer Aetna announced that it had agreed to buy its smaller competitor Humana for $37 billion in cash and stock, but has now backed out of the deal following a court ruling that the suit would be anti-competitive.

10. Munich RE – $36.3 billion

The 10 best insurance companies in the world

Market cap: $36.3 billion

Swap:

Country: Germany

The German global insurance company Munich Re Group, sometimes known as the Munich Reinsurance Company, is headquartered in Munich. One of the best reinsurers in the world, it.

The Group’s main insurance division is ERGO, a subsidiary of Munich Re. Munich Re’s shares are traded on the electronic trading platform Xetra as well as on all German stock exchanges. The Frankfurt Stock Exchange’s DAX index, Euro Stoxx 50 and other indices all include Munich Re.

SUMMARY

Here is the summary of the top 10 insurance companies in the world and their market capitalization

  1. Berkshire Hathaway –$616 billion
  2. Ping An Insurance$111 billion
  3. AIA Group-$109 billion
  4. Life insurance in China-$103 billion
  5. Allianz-$71 billion
  6. Cigna-$88.2 billion
  7. Zurich Insurance-$67 billion
  8. AXA-$58 billion
  9. Humana-$63 billion
  10. Munich RE-$36.3 billion


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