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Wednesday, August 12, 2020

Top 10 Insurance Companies

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Insurance is the reasonable transmission of a damage or loss, in exchange for amount from one to another entity. It is recognized as a mode of risk management usually used as a barrier against the risk of a conditional, vague loss.

In recent period when each and everything is getting so expensive and even a minor damage can affect the budgets of several, there are so many insurance policies that can assist and help you in so many ways.

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There are diverse insurance companies that offer different insurance policies including property insurance, auto insurance, health insurance, casualty insurance, etc. Insurance is becoming more refined in various civilized regions of Europe, and many specialized plans are developing.

The insurance industry also has to face so many challenges and is affected so much by deregulation, globalization, terrorists’ attacks and market investment possibility.

A lots of you may require some insurance policies in your life as it can save and guard you from some enormous damage and the choice of any company is truly a hard task but here we have a great list of top ten insurance companies, that are dedicated in providing all the services and facilities and making your life to some extent tension free.

10. ING Group

The ING Group is a popular Dutch banking organization and multinational financial services and in Amsterdam there headquarter is located.

They are famous or known as “InternationaleNederlanden Group” which is ‘International Netherlands Group’ in English. The insurance services are comprised in its primary businesses with asset management, commercial banking, investment banking.

The company has an wide insurance business that spread throughout America, Europe, and Asia, it offers several insurance policies including health and social insurance, car insurance, its life insurance policies differ from life term insurance policies giving a unadulterated protection to the growth and flexible potential universal life insurance policies.

9. Zurich Insurance Group

A Swiss insurance corporate Zurich Insurance Group whose headquarter is situated in Zurich, Switzerland and is the leading and largest insurer in Switzerland. It was the 75th largest public company in the world according to Forbes Global 2000s list of 2013,.

It is aextensively recognized insurance company and has 3 main business segments;

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  • Global Life,
  • General insurance
  •  Farmers

The company is compressed of more than 62,000 employees that are serving in almost 170 nations and territories globally.

8. AIA Group Limited

AIA Group Limited also called as an Insurance company whose headquarter is to be found in Hong Kong and has many agencies in the region of Asia Pacific including Australia,China, Japan, Vietnam, Malaysia,etc.

In 2009 it was a member of the AIG group but after some was separated from it. It is well-known as the top Hong Kong’s insurance company because of its number of policies. It mainly deals with mutual funds and insurance annuities for which people have great faith.

7. Metlife

Metlife also known as the Metropolitan Life Insurance Company is a well- known and one of the finest top insurance companies.

It is one of the earth’sbiggest global providers of insurance, annuities, and employee advantage programs and have almost more than 90 million customers in countries which are more than 60.

It’s headquarter is located in New York, United States and was established in 1968. The company holds the leading market positions in Latin America, Japan, the Middle East,Europe,and the Asia’s Pacific region.

It is also the United States leading life insurer and delivers ninety of five hundred companies in all over the globe, it is also the Japan’s second biggest foreign insurance company.

They work with businesses individuals,families and to propose them solutions that provide financial assurances.

6. AXA

The headquarters of this company is in Paris. The company is a French global retirement, investment and insurance group company. The AXA Company works mainly in North America, Western Europe, the Asia Pacific region, and the Middle East.

It operates or runs its businesses according to the rules and regulations of several countries. This company offers life,health, and many other forms of insurance. They also do investment management.

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Its 5 operating business segments include:

  • International Insurance with reinsurance
  • Asset management
  • Property & casualty
  • Life & savings
  • So many other financial services.

They claim that they have great and innovative approaches that will definitely answer your risk management necessities.

5. Ping An

Ping An, also famous as Ping An Insurance company of China. It is a Chinese holding company that largely deals with financial and insurance services.

In 1988 the company was founded in Shenzhen and is the China’s initial insurance company with a shareholder structure. The financial services of Ping An, are composed of 3 main businesses including

  • Banking
  • Investment
  • Insurance

The mission of the company is to achieve its responsibilities to investors by growing asset value and to customers providing even and stable returns, by proposing them the finest services purity and to employees by providing opportunities for a competing work environment and career development.

4. American International Group

American International Group is called as an American multinational insurance company with more than 64,000 employees worldwide, it is also famous as AIG and its head office is placed in New York City, United States.

In more than 130 countries globally the AIG Companies services are offered. The company is the major underwriter of commercial and industrial insurance in the United States.

It provides casualty insurance, life insurance, retirement products,mortgage insurance, and other financial services.

3. Allianz

The head office of Allianz is located in Munich; it is a German multinational company and is famous and well-known because of its financial services.

It has great and strong international reputation and is a leading light in German market. In 1890 the company was established and in 1990 became the primary or the first insurer company in the globe to obtain a license for corporate policies distribution.

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It was the twelfth largest financial services group and the biggest insurance company in the globe.

In Commerz bank, Allianz presently holds a stake of almost 14 %. This company has agencies in more than 70 countries and possesses almost 190,000 employees, it has over 77 million customers around the world and its services include:

  • Asset management
  • Casualty and property insurance
  • Health and life insurance

2. China Life Insurance

The China Life Insurance company is based in Beijing and provides life insurance and annuity products.

In Shanghai 1931 the company was established, in and is the major insurer of China by holding around 45 percent of the China’s market.

This company runs its businesses through group, individual and short term insurance business that offers individual life insurance, group life insurance, health insurance and services, etc.

This company has go through successive upgrading and is presently the China’s finest insurance company and the globe’s second top insurer, in short terms it is also popular as China Life.

1. Berkshire Hathaway

American multinational company which have main key interest in annuity sales, sales of jewelry, life insurance and GEICO, its headquarters are situated in the United States and Nebraska, Omaha and a number of subsidiary companies are administered by Berkshire Hathaway.

THE CEO and President of the company is Warren Buffett, and the company was founded in 1839 and become the world’s greatest.

In terms of its shareholders Berkshire Hathaway has the fastest growing rate since the last 48 years and that is 19% percent, while handling massive and huge amounts of capital and basic debts.

Its insurance businesses offer basically in the United States insurance and reinsurance of casualty risk and property and in addition its insurance businesses also offer health and accident insurance, life, as well as casualty and property reinsurance at international level.

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