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Top 10 Insurance Companies in The World And Their Market Cap
Top 10 Insurance Companies in The World: Through contracts, insurance companies offer risk management to their clients in the private…
Top 10 Insurance Companies in The World: Through contracts, insurance companies offer risk management to their clients in the private, public, and nonprofit sectors. Although there are many various kinds of insurance firms, the fundamental idea is that the insurer promises payment or reimbursement in the event that the insured suffers losses.
In many instances in the past, insurers have been able to provide customers with reasonable rates because of the pooled risk. Insurance firms offer policies covering losses in a variety of categories, including those involving casualty, professional liability, malpractice, property, health, and other losses.
The size of insurance businesses can be ranked in a variety of ways. Market capitalization, or a company’s valuation on the stock market, can be used to gauge a business, as can sales metrics like the number of policies issued or net premiums written in a given year. Here, we look at the top 10 insurance company providers in terms of sales, market share, and market capitalization.
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Top 10 Insurance Companies in The World And Their Market Cap
| Ranking | Companies | Market Cap | Country |
| 1 | Berkshire Hathaway | $616 billion | United States |
| 2 | Ping An Insurance | $111 billion | China |
| 3 | AIA Group | $109 billion | Hong Kong |
| 4 | China Life Insurance | $103 billion | China |
| 5 | Allianz | $71 billion | Germany |
| 6 | Cigna | $88.2 billion | United States |
| 7 | Zurich Insurance | $67 billion | Switzerland |
| 8 | AXA | $58 billion | France |
| 9 | Humana | $63 billion | United States |
| 10 | Munich RE | $$36.3 billion | Germany |
1. Berkshire Hathaway-$616 billion
Market Cap: $616 billion
Exchange: NYSE
Country: United States
A significant conglomerate and one of the Top 10 Insurance Companies in The World, Berkshire Hathaway Inc. also owns enterprises in industries like rail transportation, utilities and energy, manufacturing, services, and retailing.
Through organizations like GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, General Re, National Indemnity Company, and others, Berkshire offers both primary insurance and reinsurance of property and casualty risks.
2. Ping An Insurance-$111 billion
Top 10 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 top 50 corporations.
It was China’s first joint-stock insurance firm 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
Market Cap: $109 billion
Exchange: Stock Exchange of Hong Kong 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 protection insurance, critical illness insurance, and disability insurance.
Additionally, it provides business clients with 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 the Asia-Pacific area, AIA has branches and subsidiaries in Hong Kong, Thailand, Macau, Singapore, Malaysia, China, South Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Sri Lanka, Brunei, Myanmar, India, and Cambodia. The head office of AIA is in Hong Kong.
4. China Life Insurance-$103 billion
Market Cap: $103 billion
Exchange: SHA
Country: China
The next on our list of the Top 10 Insurance Companies in The World is one of the biggest state-owned insurance and financial services firms on the Chinese mainland China life Insurance. China Life Insurance also plays a significant 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 corporation has a large number of subsidiaries in the areas of asset management, property and casualty insurance, life insurance, pension schemes, and investment holdings.
5. Allianz-$71 billion
Top 10 Insurance Companies in The World
Market Cap: $71 billion
Exchange: ETR
Country: Germany
Leading global provider of financial services, Allianz offers a range of goods and services, including asset management and insurance. For both corporate and private clients, it provides 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
Market Cap: $88.2 billion
Exchange: NYSE
Country: United States
Cigna is a large, internationally managed healthcare and insurance organization with headquarters in Bloomfield, Connecticut.
The majority of its insurance subsidiaries’ offerings of medical, dental, disability, life, accident, and related goods and services are made available through employers and other groups (e.g. governmental and non-governmental organizations, unions, and associations). Connecticut is where Cigna was founded.
Cigna primarily provides health, life, and accident insurance coverages to people in the United States and a few chosen overseas countries.
It also sells Medicare and Medicaid products. Along with the aforementioned current businesses, Cigna also has some run-off operations, such as a Run-off Reinsurance section.
The Cigna Medical Group, a full-service staff-model health maintenance organization with satellite clinics all over the area, is administered by Cigna in the Phoenix metropolitan area. The Cigna corporation also oversees Cigna Global Health Benefits.
7. Zurich Insurance-$67 billion
Top 10 Insurance Companies in The World
Market Cap: $67 billion
Exchange: SWX
Country: Switzerland
One of The Largest Top 10 Insurance Companies in The World in Switzerland is Zurich Insurance Group Ltd., which has its headquarters there. The firm was placed 94th in Interbrand’s top 100 brands in 2011, and according to Forbes’ Global 2000s list, it will be the 112th largest public corporation in the world as of 2021.
General Insurance, Global Life, and Farmers make up the three main business segments of Zurich, a multinational insurer. Zurich has 55,000 employees and clients in 215 nations and territories. The business is a SIX Swiss Exchange listed corporation. It had $34.494 billion in shareholders’ equity as of 2012.
8. AXA-$58 billion
Market Cap: $58 billion
Exchange: EPA
Country: France
AXA is a global insurance firm based in France. The corporate headquarters are located in Paris, France’s 8th arrondissement. It also offers other financial services, like investment management.
The Axa Group principally conducts business in Western Europe, North America, the Indo-Pacific area, the Middle East, and Africa. Axa is a collection of separately owned companies that operate under numerous national legal frameworks. It is a part of the stock market index known as the Euro Stoxx 50.
9. Humana-$63 billion
Top 10 Insurance Companies in The WorldMarket Cap: $63 billion
Exchange: NYSE
Country: United States
The ninth on our list of the 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 business in terms of revenue. It was the third-largest supplier of health insurance in the country.
On July 3, 2015, the health insurer Aetna announced that it had agreed to purchase its smaller competitor Humana for $37 billion in cash and stock, but that it has now backed out of the agreement following a court decision that the combination would be anti-competitive.
10. Munich RE-$$36.3 billion
Market Cap: $36.3 billion
Exchange:
Country: Germany
German global insurance corporation Munich Re Group, sometimes known as Munich Reinsurance Company, is headquartered in Munich. One of the top reinsurers in the world, it.
The Group’s main insurance division is ERGO, a Munich Re subsidiary. Shares of Munich Re are traded on the Xetra electronic trading platform as well as all German stock markets. The Frankfurt Stock Exchange’s DAX index, the 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 Cap
- Berkshire Hathaway-$616 billion
- Ping An Insurance-$111 billion
- AIA Group-$109 billion
- China Life Insurance-$103 billion
- Allianz-$71 billion
- Cigna-$88.2 billion
- Zurich Insurance-$67 billion
- AXA-$58 billion
- Humana-$63 billion
- Munich RE-$36.3 billion