Since the past few years, the Insurance industry has gone through a lot of disturbance and the financial crisis. Additionally, uncertainty of market investment, effects of globalization, terrorism and deregulation has affected this industry the most. We are going to show you the list of Top 10 Insurance Companies In The World In 2013. Let's begin.
Below are the top 10 insurance companies
10. ING
Market value: $36 Billion
The business of ING is widely spread in USA, Australia and Europe mostly. ING made a deal of €1.3 Billion and sold its Malaysian business to American International Assurance Co. in 2012.
9. Zurich Insurance Group
Market Value: $42 Billion
Zurich Insurance Group is known as one of the biggest brand in industry of insurance, settled in Zurich, Switzerland. It employs around 65,000 people and provides services in over 170 countries.
8. Metlife
Market Value: $44 Billion
It is known as one of the biggest insurance company situated in USA, and it is serving around 90 of 500 companies in the world. The company was founded in 1968.
7. AXA
Market Value: $46 Billion
It is a French Multinational Insurance company, which provides services in USA, Western Europe, Middle East and Asian Pacific. Its targeted businesses are Insurance, Life Savings, Management of Asset and more financial businesses.
6. AIA
Market Value: $54 Billion
It is situated in Hong Kong provides services specially in Asian Pacific region. Countries like Singapore, Malaysia, Taiwan, India, Philippines, Thailand and Srilanka are also included. At first, it was a member of AIG group, but separated from it in 2009.
5. Ping An
Market Value: Around $57 Billion
It is a China-based insurance company, providing insurance services and other financial services. The company was founded in 1988 and it is situated in Shenzhen.
4. AIG
Market Value: Around $58 Billion
It is an American-based company, which has around 60,000 employees and serving more than 150 countries around the globe. It is situated in New York, USA. It has become a famous and popular sponsor after attaching itself with Manchester United.
3. Allianz
Market Value: $67 Billion
It is situated in Munich, Germany and it is one of the top financial groups in the world. The company was involved in the deal with CommerzBank back in 2008-2009, and currently holds the value of more than 15% in the bank.
2. China Life Insurance Group
Market Value: Around $70 Billion
This is the largest insurance company in China and holds above 45% of Chinese Market. The company was founded in 1931 in Shanghai and currently it is situated in Beijing.
1. Berkshire Hathaway
Market Value: Around $250 Billion
This is an American-based Multinational company and it is on top spot of this list. The company holds numerous subsidiary companies and it is situated in USA. The company is totally controlled by the President and CEO Warren Buffet. The company has achieved the annual growth of 19-20% to its shareholder since last couple of years.
Keep visiting Incomefigure!
Follow us on Facebook