April 4, 2020

Insurance Companies – List of Best Insurance Companies so Far

“Insurance Companies” At a point the different risks we face, the risk of meeting with an accident, natural disaster, fire or falling sick and above all, risk of life.  This risk mentioned above comes with pain and suffering, but they as well hurt the individual financially as well. Insurance in a way helps you to be prepared for the worst ahead. It ensures that the surety of the economic pain will be hand or taken care of.

Insurance Companies

Also See >>> How Insurance Works – What is Insurance | Benefits of Insurance

In this article, we are going to be looking at some of the top insurance companies. There are so many criteria on the basis of which the list can be prepared: Premium, Asset, Geographical area, etc. Below are the lists of Insurance Companies

AIA Group Limited

The AIA Group Limited was founded in the year 1919 in Singapore and its headquarter is currently in Hong Kong. It has the largest pan-Asian life insurance group and presence in 18 different markets which include following Australia, India, and New Zealand.it is well known for life insurance and other financial services.  As of Dec,31st  in the year 2018, AIA  was said to have assets worth $230 Billion and the market cap of $123.4 billion as at % February 2020.

American International Group (AIG)

American International Group (AIG) has 80 offices in different countries. It was founded in Shanghai in the year 1919, its headquarter is located in New York City. They are mainly operating on only three segments which also include general insurance (personal and commercial insurance), retirement and life as well as technology subsidiary called the blackboard Insurance. The company has since recovered, reporting $492 billion in assets and a market cap of $63.8 billion.

Berkshire Hathaway

 It was founded in 1889 and is associated with Warren Buffet that has transformed a mediocre entity into one of the largest companies in the world. It is now the leading investment manager conglomerate, engaging in insurance, among other sectors such as rail transportation, finance, utilities and energy, services, manufacturing and retail through its subsidiaries. The company market cap has reached a record of $557.2 billion with a total asset of $707 billion.

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Prudential Financial

The Prudential dates back to 1875 when it was founded to sell burial insurance to working-class folks in Newark, NJ. The company boasts a balance sheet with the assets exceeding $815 billion and a market cap of $39 billion.

Met Life

Met life serves more than 90 million customers in more than 60 countries, it has a market cap of $47.4 billion and assets of $687.5 billion. It also one of the world’s largest insures and also provides services in employee benefits and annuities.

ING Group

The ING Group was founded in 1991. The company provides a range of services including retail, direct, commercial and investment banking, insurance and asset management. ING serves more than 37 million clients over 40 different countries. In the year 2018, the ING had a partnership with another of this list AXA. Both Companies have an exclusive, multi-country digital partnership to provide insurance products to clients online through a centralized platform. ING market cap is about $44.4 billion.

Ping An of China

These insurance companies deals primarily with insurance, banking, and financial services. It’s one of the most top 50 companies listed on the Shanghai Stock Exchange. It was founded in 1988, it was China’s first company to adopt a shareholding structure.

The company’s headquarter is located in Shenzhen, China, it has one of the largest asset management and investment companies in the world. Its subsidiaries include Ping An Life, Ping An Health, Ping An Property & Casualty, and Ping An Annuity. The company’s market cap is about $211.2 billion.

AXA

The company was founded in 1816 and it’s headquartered in Paris, but now is currently present across Africa, North America, Central, and South America, Asia Pacific, Europe, and the Middle East. With over 102 million customers in 56 countries and the employee is base of more than 125,000.AXA is one of the world’s leading insurance groups. Its main businesses are the property and casualty insurance, life insurance savings and asset management.

The AXA has acquired 515 of the Insurance operation of the Colpatria Seguros in Colombia in 2013. In the same year, it became the largest international insurer operating in China as a result of its 50% of the acquisition of Tian Ping the AXA also acquired the non-life insurance operations of HSBC in Mexico. The company’s market cap is around $65.6 billion.

NOTE: Make sure you pick the right insurance company to invest in and it is also very important that you should not be based on a company’s size alone. A few things on the checklist should be the company specializes in any particular type of insurance, premium rates, the proximity of the office and the refusal of claims in the past and discounts offered on multiple policies.

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