Top 20 Insurance Companies in the World

Life is all about risks. We don’t know what will happen in the next few minutes. When we face any kind of financial loss, we become stressed. To reduce our financial stress, Insurance companies have been introduced.

Insurance companies ensure us to provide compensation when we are in financial loss due to accident, fire, earthquake, flood, theft, etc. 

The demand for Insurance companies has been increasing day by day. Because it is a way out for the worst situation of our lives.

Today, we will discuss the top 20 Insurance Companies in the world. These top 20 Companies have been decided based on their premium collection, revenue, profit, geographical area, assets, etc.

So, Let’s get started.

Zurich Insurance Group

It is a Swiss Company, situated in Zurich, Switzerland. Zurich Insurance Company is one of the leading Insurance Companies in the world. They have been doing business for the last 147 years. 

Zurich Insurance Company is basically a multi-line insurance company. They are doing business in both the local and global markets. 54,000 employees are working hard in this company for providing the best service to their clients.

China Life Insurance

China Life Insurance company is situated in Beijing, China. They are doing business since 1949. China Life Insurance Company is doing business in their local market. Their core product is life and health insurance.

The State Government of China has a 70% share of China Life Insurance. It is the largest Insurance company in China. This company has more than 600,000 agents nationwide.

Moreover, China Life Insurance Company has done its first foreign investment in Boston Waterfront Project.

Berkshire Hathaway

Berkshire Hathaway is an American multinational company. Their Headquarter is in Omaha, Nebraska, United States. Berkshire is involved with numerous businesses. The insurance business is one of them. 

Berkshire Hathaway is providing Property and Casualty Insurance services to their customers. They are maintaining their capital strength at a high level which makes them different than their competitors.

Berkshire is doing business for the past 180 years and they are one of the global leading organizations.

United Health Group

United Health Group is an American Company providing Insurance Services and Health Care Products. United Health Group has started its journey in 1977. Right Now they have around 115 million happy customers.

In terms of revenue, the United Health Group has become the largest healthcare company worldwide. They have earned around $226.2 billion in 2018.

United Health Group is offering Health care Insurance Services in the local market of the United States.

Allianz SE

Allianz SE is a German-based multinational financial services company. They have started their journey in 1890. The core products of Allianz SE are Insurance and asset management.

Allianz SE has been operating its business in almost 70 countries. They have around 142,000 employees worldwide and they have served around 92 million customers.

This company has a strong international presence and they are the market leader for insurance and asset management services in the German market. Allianz is providing Property, Casualty, Life, and health insurance services to their customers. Besides they also provide service to the global corporate customers for credit insurance, assistance services, re-insurance, etc.

State Farm Group

State Farm Group is one of the largest insurance and financial services companies in the United States. State Farm group was founded by a retired farmer and an insurance salesman in 1922. For the past 97 years, they have been providing insurance and financial services to their clients.

They are offering around 100 products in five different business lines. State Farm is managing 39,000 claims every single day. Approx 19,000 agents of State Farm Group are working hard to serve their customers.

Aetna Inc.

Aetna Inc. is an American health care company. They are offering health care insurance services to their clients. The company was founded on 28th May 1853 as a Life insurance company. On November 28, 2018, Aetna has become a subsidiary company of CVS Health.

Right Now, Aetna Inc. has around 49,000+ employees. Not only that, they have created a network with 22.1 million medical members, 12.7 million dental members, 13.1 million pharmacy benefit management services members, 1,200,000 health-care professionals, over 690,000 primary care doctors, and specialists, and over 5,700 hospitals.

Japan Post Holding Co.

Japan Post Holding Co. is a multinational financial services company situated in Japan. They have started their journey in 2006. They are providing different services to their clients. Insurance service is one of them.

Japan Post Holding Co. is managed by the Government of Japan. Right now this company has around 200,000+ employees globally. 5,400 employees are working hard to provide the best insurance service to the customers. The insurance company is known as Japan Post Insurance Company. It only provides a life insurance service.

Power Financial Corp

Power Financial Corp is a Multinational Financial Services company in Canada. It is a subsidiary company of Power Corporation of Canada. Power Financial Corp is offering different products to their clients. Insurance is one of them. 

Power Financial Corp is doing its business in Canada, the United States, and Europe. Right Now they have approx 200,000+ employees globally.

New York Life

New York Life Insurance company is the third-largest insurance company in the United States. New York Life has started its journey in 1845. Since then they are trying to provide the best possible service to their clients.

The core products of the New York Life Insurance company are Life insurance, annuities, long-term care, asset management. Right now they have $580 billion in total assets under management. 

New York Life Insurance Company has around 11,500 employees and 12,000 agents who are providing the best services to their clients.

Metlife Inc.

Metlife Inc. is also known as Metropolitan Life Insurance Company is the largest global insurance provider company. The headquarter is situated in New York, United States.

Metlife was founded in 1868. For the past 151 years, Metlife has served almost 90 million customers in 60+ countries.

The core insurance products of Metlife are Life insurance, Dental insurance, Disability insurance, critical illness insurance, etc. Besides, they are providing annuities, employee benefits, and other financial services.

Ping An Insurance (Group) Co

Ping An Insurance (Group) Co is a multinational company based in China. It has started its business in 1988. For the last 31 years, they are dealing with insurance, banking, and financial services.

It is one of the top 50 companies on the Shanghai Stock Exchange. This company is also known as the world’s top global insurance brand.

Ping An Insurance (Group) Co is the world’s largest insurance company. Their net worth is $217 billion. The core products of this company are Life and Health insurance, Property and Casualty, Banking, Asset Management, Fintech, and Health Tech.

Swiss Life Group

Swiss Life Group has started its journey in 1857. It is the largest life insurance company in Switzerland. For the last 162 years, they have been working hard to provide the best service to their clients. 

The key products of the Swiss life group are Life insurance, Risk, Pensions and financial solutions. This company is offering Health insurance for the people of France only.

The headquarters of Swiss Life Group is in Zurich, Switzerland. Around 8000+ employees are working in the Swiss Life group right now.

CNP Assurances S.A.

CNP Assurances S.A is a French insurance company. They have started their journey in 1959. CNP Assurances is doing its business in Europe and South America. Right now they have 5000+ employees.

CNP Assurances is doing its business with 27 million people worldwide. They have 14 million savings and pensions policyholders as well. Their second largest business market is in Brazil.

Legal & General Group Plc

Legal & General Group is a British Multinational Financial Services company. They are offering Investments, Lifetime Mortgages, Pensions, Annuities, Life, and General Insurance Services for the past 183 years. 

Legal & General Group are operating their insurance business in the United Kingdom and the United States. Moreover, they are operating their investment business in the Gulf, Europe, and Asia.

According to the report of 2018, Legal & General Group has equity of £8,580.


AXA S.A is the world’s second-largest financial services company. It is a french based multinational company and they are doing insurance business globally. 

The core products of AXA S.A. are Life, health, property and casualty insurance, investment management. AXA has almost 100,000+ employees around the world. 

AXA has started its journey in 1816. They started their operations initially in Western Europe, North America, the Asia Pacific region, and the Middle East. AXA is now a multinational company and running its business independently.

China Pacific Insurance

China Pacific Insurance is a Chinese Insurance company. It is also known as Pacific Insurance. This company has started its journey in 1991. It is known as the second-largest property insurance company and the third-largest life insurance company in China.

China Pacific Insurance company has offered its insurance services through its subsidiary companies China Pacific Life Insurance Company, China Pacific Asset Management Company, and China Pacific Property Insurance Company. 

The central Government of China is operating this company.

Tokio Marine Holdings

Tokio Marine Holdings is a multinational insurance company in Japan. In terms of revenue, Tokio Marine is the largest insurance company in Japan Local Market. This company has made around JP¥ 5,579,076+ million in revenue last year. 

Tokio Marine Insurance company is offering Domestic and International life and general insurance services to its clients. Not only that they are also offering asset management, real estate, and other services globally.

This company is operating its business globally for the last 140 years. Right now around 40,000+ employees are working in this company.

ING Group

ING Group is basically a Dutch Multinational Company. This company has started its business in 1991 through the merger. The Parent company was formed in 1743. 

ING Group is offering Retail Banking, Direct Banking, Insurance, Private Banking, Financial Services, and many other services.

ING Group is operating its business in 48+ countries and they have 55,000+ employees in their company.

American International Group Inc.

American International Group Inc. is an American Multinational financial and Insurance services company. It is also known as AIG. AIG was founded in 1919. 

AIG is offering Insurance, Property Casualty: Commercial & Consumer, Life & Retirement, Mortgage Insurance services globally.

AIG is considered as a large financial services company in Australia and China. In the United States, this company is known as the largest underwriter of commercial and industrial insurance.

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