Top 50 Insurance Companies in The World

We live in the world with full of risk and unpredictability. We are constantly in fear that whether we are fall in danger. It may be a severe illness or accidents or wealth loss and so on. These detriments may be in terms of individuals, families, businesses, properties. Sometimes risk causes loss of life. It is a fact that we cannot prevent unexpected and unpredicted occurrence.

But we can take shelter of a financial company that protect individuals and businesses against such losses by compensating them with financial resources. That is called insurance. Insurance is one kind of financial product that compensates the victims either totally or partially caused by different types of risks according to contracted policy. There are a lot of insurance companies in the world. They work on life insurance, vehicle insurance, home insurance, other property insurance.

Type of Insurance Companies in The World

A. Life insurance

  1. Term Insurance
  2. Whole Life Insurance
  3. Endowment Policy
  4. Money-back Policy
  5. Unit-linked Insurance Plans (ULIPs)
  6. Child Plan
  7. Pension Plans

B. General Insurance

  1. Health Insurance
  2. Motor Insurance
  3. Travel Insurance
  4. Home Insurance
  5. Fire Insurance
  6. Liability Insurance
  7. Social Insurance
  8. Property Insurance

Top 50 insurance companies in the world :

There are a lot of insurance companies in the world. But there is an exact number of insurance companies is not known.  There are 5,954 insurance companies in the United States. Here a list of 50 renowned insurance companies is given below:

1. Allianz se:

Allianz SE is a multinational financial services company in Germany. Its headquarter in Munich, Germany. The Allianz Group is one of the leading, most trusted integrated financial services providers worldwide.

Headquarter: Munich, Germany

Revenue: 130.6 billion EUR

2. AXA S.A.

AXA S.A. is a multinational insurance company of France, they deal with insurance, investment management, and other financial services worldwide.

Headquarter : Paris, France

Revenue: 102.9 billion EUR

3. Prudential financial inc

Prudential Financial, Inc is an American insurance company; they work with insurance, investment management, and other financial products and service. They work in the United States and other moreover 40 other countries of the world. They have both retail and institutional customers.

Headquarters: Newark, New Jersey, United States

Assets under management: 1.394 trillion USD

4. japan post insurance company ltd

Japan Post Insurance Company Ltd. is a Japanese life insurance company that was founded in 2007.  It is a sister organization of Japan Post Holdings group.

Headquarters: JapanParent organization:

Japan Post Holdings

Number of employees: 5,400

5. MetLife, Inc

The actual name of Metlife insurance company is Metropolitan Life Insurance Company.

But it is well known as MetLife worldwide. MetLife is working moreover 60 countries and they have almost 90 million customers. MetLife, Inc is one of the largest global insurance providers.

Headquarters: New York, New York, United States

Revenue: 67.94 billion USD

6.Nippon life insurance company

The largest life insurance company in Japan is Nippon Life Insurance Company. It is also known as Nissay or Nihon. This company is established in 1889.

Headquarters: Osaka, Japan

Revenue: 6.262 trillion JPY  ( till 2016)

7. Legal and general group plc

Legal & General Group plc is popularly known as Legal & General. It is a British multinational financial services company. They work with life insurance, general insurance, investment management, lifetime mortgages, pensions.

Headquarters: London, United Kingdom

8. Prudential plc

Prudential plc is a British multinational life insurance company. It was established in 1848.

Headquarters: London, United Kingdom

Customers: 26 million

9. Assicurazioni generali

Assicurazioni Generali is an Italian insurance company. It is also known as only Generali. Generali is the largest insurance company in Italy and third-largest insurance company in the world.

Headquarters: Trieste, Italy

Revenue: 68.5 billion EUR ( till: 2017)

10. Aviva plc

Aviva plc is a multinational insurance company which established in United Kingdom. They are working more than 15 countries in the world and they have almost  33 million customers. They provide service of general, life and pension.

Headquarters: London, United Kingdom

11. Manulife financial corporation

Manulife Financial Corporation is a multinational insurance company which is established in Canada. The company is working in Canada and Asia as Manulife. It also works in  the United States through John Hancock Financial division

Headquarters: Toronto, Canada

12. Ping an insurance group

Ping An Insurance also is known as Ping An of China. It is clear from the name that it is a china insurance company. The full name is  Ping An Insurance Company of China, Ltd. They are working with insurance, banking, and financial services. It is established in 1988.

Headquarters: Shenzhen, China

13. National mutual insurance federation of agricultural cooperatives

National mutual insurance federation of agricultural cooperatives is also known as JA Kyosai or ZENKYOREN. It is established in 1951 in Japan. They are working with insurance and other financial assistance.

14. China Life Insurance Company

China Life Insurance Company Limited provides  life insurance services in China

Headquarters: Xicheng District, Beijing, China

Assets: $ 553 billion

15. CNP assurances

CNP Assurances is one of the largest insurance company in France. It is established in 1959. 

Headquarters: Paris, France

Assets: $ 507.1 billion

16.Dai-ichi life holdings, Inc.

The Dai-ichi Life Holdings, Inc. provides service on life insurance and pension products. It was established in 2010.

Headquarters: Chiyoda, Tokyo, Japan

17.  American International Group, Inc.

American International Group, Inc., is an American multinational insurance and finance corporation. They are working in more than 80 countries in the world. It is also well known as AIG.

Headquarters: New York, New York, United States

Revenue: 47.39 billion USD ( till: 2018)

18. Aegon N.V.

Aegon N.V. is a multinational company. They are working with life insurance, pensions and asset management company.

Headquarters: The Hague, Netherlands

Assets under management: 817.4 trillion EUR ( till: 2017)

19. Crédit Agricole Assurances S.A.

Crédit Agricole Assurances is a international insurance company. Its head quartar is in France.

20. Life insurance corporation of India

Life Insurance Corporation or LIC is an Indian government-owned insurance group. It is the largest insurance company in India. It is established in 1956.

Headquarters: Mumbai, India

21. Zurich insurance group Ltd.

Zurich Insurance Group Ltd is also known as Zurich. It is a Swiss insurance company and it is largest insurance in  Switzerland.

Headquarters: Zürich, Switzerland

Revenue: 47.18 billion USD ( till: 2018)

22. Meiji yasuda life insurance company

Meiji Yasuda Life Insurance Company is a Japanese life insurance company, it is established in 1881. It is one of the largest insurance company in Japan.

Number of employees: 41,536

Founded: 1881

Headquarters: Chiyoda, Tokyo, Japan

Total assets: 36.28 trillion JPY

23. Sumitomo life insurance company

Sumitomo Life Insurance Company is a Japanise life insurance company. It is established in 1907. It is a mutual life insurance company.

Headquarters: Osaka, Osaka Prefecture, Japan

24. New York Life Insurance Company

New York Life Insurance Company is the third-largest life insurance company and the largest mutual life insurance company in the United States.

Headquarters: New York, New York, United States

Number of employees: 11,320 employees (2017); 12,000 agents

Assets under management: 585.9 billion USD ( till: 2017)

25. United health group incorporated

United Health Group Incorporated is an American health care and insurance company. It is the largest healthcare company in the world. It’s revenue is $226.2 billion as per 2018 and 115 million customers.

Headquarters: Minnetonka, Minnesota, United States

Revenue: 226.2 billion USD (2018)

26. AXA S.A.

AXA is a multinational insurance firm and its head office in France. They are working with global insurance, investment management, and other financial services.

Headquarters: Paris, France

Revenue: 102.9 billion EUR (2018)

27. China life insurance (group) company

China life insurance (group) company is a Chinese insurance company. China Ministry of Finance operates this company.

Revenue: $97.6 billion.

28. Anthem, Inc

Anthem, Inc is an American health insurance company. They provide health insurance in the United States. They have almost 40 million members.

Headquarters: Indianapolis, Indiana, United States

29.kaiser foundation group of health plans

Kaiser Foundation Health Plan, Inc. is an American non-profit health care organization. They provide different service such as individual and family, medicare, administrators, employers, and employer sponsored plans.

Country of domicile: United States of America

30. Assicurazioni Generali S.p.A.

Assicurazioni Generali S.p.A is an  Italian insurance company. It is popularly known as simply Generali. It is the largest in Italy and third in the world.

Headquarters: Trieste, Italy

Revenue68.5 billion EUR (2017)

31. State Farm group

State Farm is an American group of insurance and financial services companies. They work in the United States. It established in 1922.

Headquarters: Bloomington, Illinois, United States

Number of employees: 65,664

31. People’s insur ance company (group) of china limited

People’s insurance company (group) of china limited is the pioneer insurance company in China. It started a journey in 1949.

Headquarters: China

Revenue: $68.5 billion

32. Mutual of Omaha

Mutual of Omaha is an American Insurance company and works throughout the United States. They also provide services in banking, and financial products for individuals, businesses and groups throughout the United States. Mutual of Omaha was established in 1909.

33. GEICO

GEICO is an American insurance company; they provide insurance for U.S. government employees and military personnel. It was established in 1936.

34. Farmers Insurance Company 

Farmers Insurance Group is an American insurance group. They provide insurance service for homes, automobiles,  small businesses and other financial services products. They have almost 21,000 employees and more than 48,000 exclusive and independent agents.

Headquarters: California, United States

Revenue: 12.51 billion USD (2018)

35. Blue Cross Blue Shield

Blue Cross Blue Shield Association is an American insurance service provider. It is actually a federation of 36 separate United States health insurance organizations and companies. They are providing health insurance in the United States. Their subscribers number more than 106 million people. It was established in 1929.

Headquarters: Chicago, Illinois, United States

Revenue: 457.4 million USD

Number of employees: 1,253

36. Gerber Life Insurance Company

Gerber Life Insurance Company is an American life insurance company. It is established in 1967. They provide juvenile and family life insurance products for middle-income families.

Headquarters: White Plains, New York, United States

Number of employees: 500

37. Aetna Inc.

Aetna Inc. is an American health care benefits company. They provide health care insurance service. Health care includes medical, pharmacy, dental, behavioural health, group life and disability plans, and medical management capabilities.

Headquarters: Hartford, Connecticut, United States

Number of employees: 49,828 ( till: 2017)

38. Allstate

The Allstate Corporation is established in 1931. It is an American insurance company. Allstate provides auto, property, life and commercial insurance. It also offers retirement and investment products and banking services.

Headquarters: Northfield Township, Illinois, United States

Number of employees: 45,700 ( Till: December 2018)

39. AXA Equitable Life Insurance Company

AXA Equitable is a Life Insurance Company of France. It was established in 1859. It provides life, industrial insurance.

Headquarters: Paris, France

Revenue: 102.9 billion EUR (2018)

40. Humana:

Humana is an American health insurance company. It has more than 13 million customers in the USA.

Headquarters: Louisville, Kentucky, United States

Number of employees: 51600

Revenue: US$41.3 billion

41. Progressive

Progressive is an American insurance company. It is the largest car insurance provider in America. They also provide motorcycles, boats, RVs, commercial vehicles and home insurance.

Headquarters: Mayfield, Ohio, United States

Number of employees: More than 33,000

42. Cigna

Cigna is an American health services organization. It global health services organization. They have 95 million customers and 40,000 employees worldwide.

Headquarters: Bloomfield, Connecticut, United States

Revenue: 41.62 billion USD ( till: 2017)

43. Esurance Insurance Services, Inc.

Esurance Insurance Services is a USA based insurance company. They provide auto, home, motorcycle insurance. It was established in 1999.

Headquarters: San Francisco, California, United States

44. John Hancock Life Insurance Company

John Hancock Life Insurance Company is an American and Boston-based insurance company. It was founded in 1862. It was named in the honour of John Hancock, who was a famous patriot.

Headquarters: Boston, Massachusetts, United States

45. Liberty Mutual

Liberty Mutual is an American insurance company, they work worldwide. It is third-largest property and casualty insurer in the United States.

Headquarters: Boston, Massachusetts, United States

Revenue: 39.41 billion USD ( Till: 2017)

46. Transamerica Corporation

Transamerica Corporation was established in 1982. It has consisted of various life insurance companies and investment firms operating primarily in the United States. They are working with supplemental health insurance, investments, and retirement services.

Headquarters: Cedar Rapids, Iowa, United States

Number of employees: 25,000 ( Till: 2018)

47. Sun Life Financial

Sun Life Financial, Inc. is a Canadian insurance company. It is one of the capitalized life insurance companies in the world. It was established in 1865.

Headquarters: Toronto, Canada

48. TAL Life Limited

Tal Life Limited is an Australian insurance company. It is formerly known as Tower life insurance. It was established in 1869. In 2017 they paid claims $1.6 billion. It is the largest insurance company in Australia.

Headquarters: Sydney, Australia.

49. Legal & General Group plc

Legal & General Group plc is a British multinational insurance and financial services company. It is commonly known as Legal & General. They offer life assurance and general insurance, lifetime mortgages and investment management.

Headquartered: London, United Kingdom

50.China Pacific Insurance Company

China Pacific Insurance Com., Ltd is a Chinese insurance company. It is one of the largest insurance company in China. It is well known as Pacific Insurance in China.

Headquarters: Shanghai, China

Revenue: 247 billion CNY ( Till: 2015)

Total assets: 923.8 billion CNY (Till: 2015)

Choose the right insurance company from above mentioned top 50 insurance companies in the world. You can visit companies’ websites and compare their offers then select your choice insurance company. 

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