10 List of Largest Insurance Companies in the World. One of the institutions engaged in financial services is an insurance company. Which provides financial management services based on compensation premium agreements.
Insurance is an agreement between two or more parties, where the insurer binds itself to the insured, by receiving an insurance premium.
Where later the insurance company will provide compensation to the insured for loss, damage, or loss of profit. Which results because of an uncertain event.
The insurance company will later provide payments or compensation based on goods and services, body and soul, human health, legal responsibility, and all other interests that can be lost, damaged, lost, or reduced in value.
Based on publication information obtained from an online portal, Statista. The largest company in the world by Market Capitalization is Berkshire Hathaway which is from the United States of America. Warren Buffet's insurance company has a Market Capitalization of US $ 350.5 billion.
The second-largest company in the world is a Chinese company, namely China Life Insurance, with a market capitalization of US $ 164.1 billion.
And the insurance company in third place is Ping An Insurance, which is also an insurance company based in China with a market capitalization of US $ 130.9 billion.
This is the list of the 10 largest insurance companies in the world
1. Berkshire Hathaway
Market Cap: US$ 350.5 billion
Country of Origin: United States
Headquarters: Omaha, Nebraska, United States
CEO & Chairman: Warrant Buffet
Year Founded: 1839
Founder: Oliver Chace
2. China Life Insurance
Market Cap: US$ 164.1 billion
Country of Origin: China
Headquarters: Beijing, China
Chairman: Yang Mingsheng
Year of establishment: 2003
3. Ping An Insurance
Market Cap: US$ 130.9 billion
Country of Origin: China
Headquarters: Shenzhen, Guangdong, China
CEO & Chairman: Ma Mingzhe
Year of establishment: 1988
4. AIA Group
Market Cap: US$ 80.5 billion
Country of Origin: Hong Kong China
Head Office: Hong Kong China
Group CEO: Mark Tucker
Year of establishment: 1919
Founder: Cornelius Vander Starr
5. Allianz
Market Cap: US$ 78.7 billion
Country of Origin: Germany
Headquarters: Munich, Germany
CEO: Oliver Bate
Founded year: 1890
6.American International Group (AIG)
Market Cap: US$ 76.4 billion
Country of Origin: United States
Headquarters: New York, United States
CEO: Peter Hancock
Year of establishment: 1919
Founder: Cornelius Vander Starr
7. Prudential PLC
Market Cap: US$ 65.6 billion
Country of Origin: England
Headquarters: London, UK
CEO: Paul Manduca
Year Founded: 1848
8. AXA
Market Cap: US$ 61.2 billion
Country of Origin: France
Headquarters: Paris France
Chairman & CEO: Henri de Castries
Founded year: 1817
Founder: Claude Bébéar
9. ING Group
Market Cap: US$ 59.3 billion
Country of Origin: Netherlands
Headquarters: Amsterdam, Netherlands
CEO: Ralph Hamers
Year of establishment: 1991
10. Metlife
Market Cap: US$ 57.8 billion
Country of Origin: United States
Headquarters: New York, United States
Chairman & CEO: Steven A. Kandarian
Year Founded: 1868
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Insurance