Top Five Insurance Company in 2017, Check the list

Simply, an insurance company is a financial institution which UNDERWRITES the risk of loss or damage to, business assets and personal life and limb.

 

There are many risks which we all may face during our lifetime. And insurance is something which helps us to stay ten times away from the risk. There are many insurance companies across the world which are helping us as well as themselves. So, check out the list below of top five insurance company of 2017.

Here is a list of the top five Insurance companies in the world ranked by total assets

5. Prudential plc

A British multinational life insurance and financial services company, Prudential plc was founded in the United Kingdom in 1848. It is a brand with an operating catering with more than 24 million customers across the world. Well, talking about the main business within the group are Prudential Corporation Asia, M&G Investment, and Jackson National Life Insurance Company.

The company has more than 22,308 employees worldwide, and it is listed on the list of the stock exchange of London, Hong Kong, New York and Singapore.

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4. Berkshire Hathaway

One of the American multinational conglomerate holding company, Berkshire Hathaway is one of the largest companies in the world as it provides insurance and reinsurance of casual risks and property. The company is known for its leadership and control by Warren Buffett- chairman and CEO of the company.

Also read:  Warren Buffett's net worth in 2017: Find out about his career and awards

With more than 37,000 employees across the world, the company is also known as the third largest company in S&P 500 Index by the market capitalization. The company is well-known for having the most expensive share value in the history of Class A share costing around $300,000 each. And due to this fact that there are no any stock splits.

3. China Life Insurance

A Beijing-based China-incorporated company which provides annuity products and life insurance, China Life Insurance is ranked No.94 on the list of Fortune 2015 Global 500 Company. China life insurance is the most significant life insurance Company with the ownership of the state of 70%. It has more than 600,000 agents across the world. 

This insurance company is one of the Mainland China’s largest state-owned financial service and insurance companies. It is also ranked on Fortune China: 2015 Top 500 Chinese Enterprises at No.13.

2. Zurich Insurance

A Swiss insurance company, Zurich was founded in 1872. It is the global insurance company, organized into three core business segment. They are General Insurance, Global Life, and Farmers. With its employs strength almost 54,000 in more than 170 counties, this company has stood in excellent stead for over 140 years.

1. AXA

One of the world’s leading insurance group, AXA has its headquarter in Paris and it is also present in Africa, Central and South America, North American, Asia Pacific, Middle East and Europe. The company was founded in 1861 as Mutuelle de L'assurance contre L'incendie and later on the name AXA was chosen so that it would be easy for any language to pronounce AXA easily.

In the year 2013, it became one of the largest international insurer operating in China. As many companies were merged to create AXA. The leading businesses are casualty insurance, life insurance, savings and asset management.