Following is a list of the Biggest Insurance Companies in the World in the world ranked by total assets and other viable factors. When the total value of assets is taken into consideration, the Allianz Group, based in Germany, is the world’s largest insurance company.
With over 90 million customers in almost 70 countries, Allianz is a global leader in property and casualty insurance, life and health insurance, travel insurance, as well as credit insurance, corporate insurance, and asset management.
The company’s gross premiums written amounted to EUR 76 billion in the last financial year. AXA Group is the second-largest international insurer with presence in 64 countries. AXA originated and headquartered in France but spread rapidly across the world with 100s of branches in all the 64 countries they are.
The world’s top 10 insurance companies have combined assets of over $8.0 trillion.
List of the Biggest Insurance Companies in the World
|3||Ping An Insurance||China|
|6||Japan Post Insurance||Japan|
|8||Nippon Life Insurance Company (Nissay)||Japan|
|10||Legal & General||UK|
|15||American International Group (AIG)||US|
|16||Dai-ichi Life Holdings||Japan|
|19||China Life Insurance||China|
|20||Zurich Insurance Group||Switzerland|
|21||Meiji Yasuda Life Insurance Company||Japan|
|22||Power Financial Corp||Canada|
|23||Sumitomo Life Insurance Company||Japan|
|25||Life Insurance Corporation of India||India|
|27||New York Life||US|
|28||Cathay Financial Holding||Taiwan|
|30||NN Group NV||Netherlands|
|33||Standard Life Aberdeen||UK|
|35||Samsung Life Insurance||South Korea|
|37||Nationwide Mutual Insurance||US|
|40||Hartford Financial Services||US|
|44||Swiss Life Holding||Switzerland|
|45||Sun Life Financial||Canada|
|46||Tokio Marine Holdings||Japan|
|47||MS&AD Insurance Group||Japan|
|48||AIA Group||Hong Kong|
|50||China Pacific Insurance Group (CPIC)||China|
|52||USAA (United Services Automobile Association)||US|
|53||Pacific Mutual Holding Company||US|
|54||People’s Insurance Co (Group) of China||China|
|55||Liberty Mutual Holding Company||US|
|61||Covea Mutual Insurance Group||France|
|62||Sompo Holdings (2)||Japan|
|63||Shin Kong Financial||Taiwan|
|64||Hanwha Life||South Korea|
|65||New China Life Insurance||China|
|66||Unipol Gruppo Finanziario||Italy|
|70||Phoenix Group Holdings||UK|
The above are some of the top insurance companies in the world as at the time of publishing this data.
Since the data is based on asset valuation and total premium, the numbers may differ as the companies increase their assets and premiums. We will however try as much as possible to update the list as and when new data is available to us.