10 Largest Insurance Companies in the World
The 10 Largest Insurance Companies in the World - What is meant by Insurance under Law No. 2 of 1992 concerning Insurance Business is an agreement between two or more parties, with the insurer binding itself to the insured, by receiving insurance premiums, to provide compensation to the insured due to loss, damage or loss of expected profits, or legal responsibility to third parties which may be suffered by the insured, which arises from an uncertain event, or to provide a payment based on the death or life of someone insured. While Insurance Objects can be objects and services, body and soul, human health, legal responsibility, and all other interests that can be lost, damaged, lost or reduced in value.
Companies engaged in the Insurance Business are usually referred to as Insurance Companies or in English referred to as Insurance Companies. Based on publications from an online statistics portal, Statista, the World's Largest Insurance Company based on Market Capitalization is Berkshire Hathaway from the United States. The insurance company led by one of the richest people in Warren Buffet has a market capitalization of US $ 350.5 billion. The second rank of the largest insurance company in the world is occupied by Chinese companies namely China Life Insurance with a market capitalization of US $ 164.1 billion. While the third position is occupied by Ping An Insurance which is also an Insurance Company from China with a Market Capitalization of US $ 130.9 billion.
List of the 10 Largest Insurance Companies in the World
From this top 10 list, there are 3 insurance companies from the United States, 3 companies from China and one company from the United Kingdom, the Netherlands, Germany and France. The following is a list of the 10 Largest Insurance Companies in the World and the number of Market Capitalization and their country of origin.
List of the 10 Largest Insurance Companies in the World
1. Berkshire Hathaway
Market Capitalization: US $ 350.5 billion
Country of Origin: United States
Headquarters: Omaha, Nebraska, United States
CEO & Chairman: Warrant Buffet
Year established: 1839
Founder: Oliver Chace
2. China Life Insurance
Market Capitalization: US $ 164.1 billion
Country of origin: China
Head Office: Beijing, China
Chairman: Yang Mingsheng
Year established: 2003
3. Ping An Insurance
Market Capitalization: US $ 130.9 billion
Country of origin: China
Headquarters: Shenzhen, Guangdong, China
CEO & Chairman: Ma Mingzhe
Year established: 1988
4. AIA Group
Market Capitalization: US $ 80.5 billion
Country of origin: Hong Kong China
Head Office: Hong Kong China
Group CEO: Mark Tucker
Year established: 1919
Founder: Cornelius Vander Starr
5. Allianz
Market Capitalization: US $ 78.7 billion
Country of Origin: Germany
Head Office: Munich, Germany
CEO: Oliver Bate
Year established: 1890
6. American International Group (AIG)
Market Capitalization: US $ 76.4 billion
Country of Origin: United States
Headquarters: New York, United States
CEO: Peter Hancock
Year established: 1919
Founder: Cornelius Vander Starr
Market Capitalization: US $ 65.6 billion
Country of Origin: England
Head Office: London, England
CEO: Paul Manduca
Year established: 1848
8. AXA
Market Capitalization: US $ 61.2 billion
Country of Origin: France
Head Office: Paris France
Chairman & CEO: Henri de Castries
Year of establishment: 1817
Founder: Claude Bébéar
9. ING Group
Market Capitalization: US $ 59.3 billion
Country of Origin: Netherlands
Head Office: Amsterdam, Netherlands
CEO: Ralph Hamers
Year established: 1991
10. Metlife
Market Capitalization: US $ 57.8 billion
Country of Origin: United States
Headquarters: New York, United States
Chairman & CEO: Steven A. Kandarian
Year established: 1868
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