List of The Largest And Best Insurance Companies in the World, Who Are They?

Sriwijaya Aktual – Insurance is one of the financial products that provide protection against risks that can occur 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 turns out that almost all of them 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 are clearly of quality and quality and meet the required criteria.

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

  1. AXA

Country of Origin: France

Founding Year: 1817

Headquarters: Paris

Key Figure: Thomas Buberl

Revenue: €98.53 billion (2015)

Total Assets: €887.07 billion (2015)

Currently AXA has more than 102 million customers spread across 56 countries and is included in the list of the largest insurance companies in the world. Its main businesses revolve around property, life insurance, accident insurance, storage, and asset management. In 2013, AXA acquired 51% of insurer Seguros Colpatria in Colombia. Still in the same year, AXA again managed to acquire 50% of the assets of a Chinese insurance company, Tian Ping.

  1. Zurich Insurance Group

Country of Origin: Switzerland

Founding Year: 1872

Headquarters: Zurich

Key Figures: 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. From individuals to small and large businesses, even multinationals.

  1. China Life Insurance

Country of Origin: China

Founding Year: 1949

Headquarters: Beijing

Key Figures: Dairen Lin, Yang Minsheng

Revenue: –

Total Assets: US$362.1 billion (2015)

The insurer underwent a restructuring in 2003 and currently has seven subsidiaries. Its main businesses are life insurance, asset management, property, and investment. Currently China Life Insurance has been listed on the New York, Hong Kong, and Shanghai stock exchanges making it the largest insurance company in the world by market.

  1. Berkshire Hathaway

Country of Origin: United States

Year Established: 1839

Headquarters: Omaha, Nebraska, United States

Key Figures: Warren Buffet, Charlie Munger

Revenue: US$223.60 billion (2016)

Total Assets: US$620.85 billion (2016)

Initially, Berkshire Hathaway wasn’t as big as it is today. However, thanks to Warren Buffet, the company can turn out to be as highly advanced as it is today. The insurance company is at the forefront of handling the investments of conglomerates as well as sectors, such as transportation, energy, and services.

  1. Prudential

Country of Origin: United Kingdom

Founding Year: 1848

Headquarters: London

Key Figure: Paul Manduca

Revenue: £71.842bn (2016)

Number of Assets: –

Prudential currently has large markets in Asian countries, the UK, and African countries. Prudential plc is already listed on the London, Hong Kong, Singapore and New York stock exchanges and has about 24 million customers.

  1. UnitedHealth Group

Country of Origin: United States

Year established: 1977

Headquarters: Minnetonka, Minnesota

Key Figures: 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 as the best company in the field of health insurance for workers even though in the previous year the company was not on the list of health insurance companies.

Continuing its success in 2012, the company successfully acquired all assets from XLHealth which has special insurance specifications for customers with serious illnesses.

  1. Munich re Group

Country of Origin: Germany

Year established: 1880

Headquarters: Munich

Key Figures: Joachim Wenning, Bernd Pischetsrieder

Revenue: €48.9 billion (2016)

Number of Assets: –

Munich Regroup is also one of the largest insurance companies in the world with a total of 43,428 workers. Most of the insurance company’s activities are run by a subsidiary of ERGO Insurance Group. This insurance company can serve insurance ranging from things such as ships, motorcycles, to health.

  1. Assicurazioni Generali

Country of Origin: Italy

Year Established: 1831

Headquarters: Trieste

Key Figures: 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 houses, cars, and work accidents. The number of its workers worldwide reaches 77,000 and has more than 65 million customers in various parts of the world.

  1. Japan Post Holdings

Country of Origin: Japan

Year Established: 2006

Headquarters: Tokyo

Key Figure: Masatsugu Nagato

Revenue: US$129.686 billion (2014)

Total Assets: US$2.467 trillion (2014)

The insurance company has assets of approximately 80.49% managed by the Government of Japan. The main focus is not only in health insurance, but also in servicing deposits, borrowing, and securities. The number of workers owned by Japan Post Holdings when compared to other insurance companies is arguably the largest because the number of workers reaches 229,421 people.

  1. Allianz

Country of Origin: Germany

Founding Year: 1890

Headquarters: Munich

Key Figures: 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 the field of asset management. Allianz currently has customers in more than 70 countries around the world. Allianz’s insurance products are very diverse, both for individuals and directly companies.

Consider First Before Choosing

From the insurance companies described above, perhaps there are already some companies that are familiar to you. Hopefully by knowing the basic information about insurance companies above, you have consideration to choose the insurance that suits you. [red/*]


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