This is the Biggest Insurance Company in the World, Who Are They?

This is the Biggest Insurance Company in the World, Who Are They?

Insurance is one of the financial products that provide protection against risks that could happen at any time. Now many companies offer insurance in Indonesia, both from within and outside the country.

Of the largest insurance companies in the world, it almost all have representatives in Indonesia. Because the insurance program is a long-term financial goal, it would be better to choose insurance services from insurance companies that have clear quality and quality and meet the required criteria.

To make it easier for you to choose the right insurance company, here are the information about the top 10 insurance companies in the world that help in choosing the appropriate insurance.

Please Read: 10 Best Senior Life Insurance Company And Reliable 2018

1. AXA

Country of Origin: France

Year Established: 1817

Head Office: Paris

Key People: Thomas Buberl

Revenue: € 98.53 billion (2015)

Total Assets: € 887.07 billion (2015)

Currently AXA has over 102 million subscribers spread across 56 countries and is included in the list of the largest insurance companies in the world. Its main business is property, life insurance, accident insurance, storage, and asset management. In 2013, AXA acquired 51% of Seguros Colpatria’s insurance companies in Colombia. Still in the same year, AXA again managed to acquire 50% of assets from Chinese insurance company, Tian Ping.

2. Zurich Insurance Group

Country of Origin: Switzerland

Year Established: 1872

Headquarters: Zurich

Key People: Tom de Swaan, Mario Greco

Revenue: US $ 67.245 billion

Total Assets: US $ 382.679 billion

Zurich Insurance Group currently operates in 107 countries with a primary focus on services and insurance. Zurich Insurance Group’s business focuses on general insurance and insurance for farmers. Currently the insurance company has more than 55,000 workers who are ready to serve its customers. Ranging from individuals to small and large businesses, even multinationals.

3. China Life Insurance

Country of Origin: China

Year Established: 1949

Head Office: Beijing

Key People: Dairen Lin, Yang Minsheng

Revenue: –

Total Assets: US $ 362.1 billion (2015)

This insurance company underwent a restructuring in 2003 and currently has seven subsidiaries. Its main business is life insurance, asset management, property, and investment. Currently China Life Insurance has been listed on the stock exchanges of New York, Hongkong, and Shanghai which make this insurance company the largest in the world based on its market.

4. Berkshire Hathaway

Country of Origin: United States of America

Year Established: 1839

Headquarters: Omaha, Nebraska, United States

Key People: Warren Buffet, Charlie Munger

Revenue: US $ 223.60 billion (2016)

Total Assets: US $ 620.85 billion (2016)

Initially, Berkshire Hathaway is not as big as it is today. However, thanks to Warren Buffet, this company can turn into a very advanced as it is now. This insurance company is leading the way in handling the investment of conglomerates as well as sectors such as transportation, energy and services.

5. Prudential

Country of Origin: United Kingdom

Year Established: 1848

Headquarters: London

Key People: Paul Manduca

Revenue: £ 71.842 billion (2016)

Total assets: –

Prudential currently has a large market in Asian, British and African countries. Prudential plc is already listed on the London, Hongkong, Singapore and New York stock exchanges and has approximately 24 million subscribers.

6. UnitedHealth Group

Country of Origin: United States of America

Year established: 1977

Head Office: Minnetonka, Minnesota

Key People: Richard T. Burke, Stephen J. Hemsley

Revenue: US $ 184.8 billion (2016)

Total Assets: US $ 122.8 billion (2016)

UnitedHealth Group is currently divided into two business platforms, namely UnitedHealthCare and Optum. In 2011, the company was awarded the best company in the field of health insurance for workers although in the previous year the company was not on the top list of health insurance companies.

Continuing its success in 2012, the company successfully acquired all of XLHealth’s assets with special insurance specifications for customers with serious illnesses.

7. Munich re Group

Country of Origin: Germany

Year of standing: 1880

Headquarters: Munich

Key People: Joachim Wenning, Bernd Pischetsrieder

Revenue: € 48.9 billion (2016)

Total assets: –

Munich Regroup is also one of the largest insurance companies in the world with a total workforce of 43,428 people. Most of the activities of this insurance company run subsidiary ERGO Insurance Group. Insurance companies this one can serve insurance ranging from objects such as ships, motorcycles, to health.

8. Assicurazioni Generali

Country of Origin: Italy

Year Established: 1831

Head Office: Trieste

Key People: Gabriele Galateri in Genola, Philippe Donnet, Luigi Lubelli, Sandro Panizza, Timothy Ryan

Revenue: € 66 billion (2013)

Total Assets: € 508 billion (2013)

Assicurazioni Generali is an insurance company that has a market segment in Europe, especially in Italy. This company not only serves health insurance, but also other types of insurance, such as homes, cars, and workplace accidents. The number of workers worldwide reaches 77,000 and has customers over 65 million in different parts of the world.

9. Japan Post Holdings

Country of Origin: Japan

Year Established: 2006

Head Office: Tokyo

Key People: Masatsugu Nagato

Revenue: US $ 129.686 billion (2014)

Total Assets: US $ 2.467 trillion (2014)

This insurance company has assets of about 80.49% managed by the Government of Japan. The main focus is not only in health insurance, but rather serving deposits, loans, and securities. The number of workers owned by Japan Post Holdings when compared with other insurance companies can be said to be the largest because the number of employees reached 229,421 people.

10. Allianz

Country of Origin: Germany

Year Established: 1890

Headquarters: Munich

Key People: Oliver Bate, Helmut Perlet, Maximilian Zimmerer

Revenue: € 95.76 billion

Total Assets: € 848.9 billion

In addition to serving health insurance, Allianz also has services in asset management. Allianz currently has customers in more than 70 countries worldwide. Allianz’s insurance products are very diverse, both for individuals and companies alike.

Consider First Before Selecting

From the insurance companies described above, there may already be some companies familiar to you. Hopefully by knowing the basic information about the insurance company above, you have the consideration to choose the insurance that suits you.

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