Five World’s Best Insurance Companies
Having insurance policies to your name became integral in the lives of many all across the world. In fact, putting in insurance in your employee benefits or package has been key factors in retaining the best people in an organization. Although the degree of people’s need for it varies in different places, more and more people realize the importance of financial preparedness. Especially in the times, we live now, our risks of crisis increase, and the demand to prepare arises as we face the possibilities of running into accidents, becoming victims of calamities and disasters, and the risk of falling sick. Here are the five best insurance companies in the world that you can partner with:
AXA is the world’s leading and number 1 insurance brand. It ranks 46th in the Best Global Brands list by Interbrand. It is also the largest insurance company in at least 56 countries, with 157,000 employment bases and a 102 million customer base and counting. The main product it offers focuses more on life insurance, asset management, saving and casualty insurance, health, and lifestyle insurance. It is proud to present itself as the first one-stop-shop insurance company where you can have all you need to be covered by this company. By the way, this company is based in Paris, France.
ZURICH INSURANCE GROUP
Zurich Insurance Group is a Switzerland based company with a global presence since 1872. With over a century-long worth of experiences, it has withstood the test of times and has built and established itself well internationally. Together with its subsidiaries, this insurance provider operates actively in 170 countries and, in total, makes at least $60 billion every year. Other than that, they are known to have significant investments in almost everywhere they are headquartered. Their insurance product focuses more on global life insurance, general life insurance, and farmers’ insurance. All over the world, Zurich employs about 55,000 across all the continents.
CHINA LIFE INSURANCE
No doubt was China able to catch up with the world, and it has even dominated the world in terms of trade. In insurance, China Life proves to be one of the largest in the world. Unlike other insurance companies, China Life is a state-owned insurance and financial service provider. With the company starting in 1949, it was known as Peoples Insurance Company of China back then. It grew into a company with seven subsidiaries running its key businesses of pension plans, insurance, property and casualty, asset management, and overseas operations and investment holdings. Indeed, it is a critical player in the Chinese capital market and the world’s largest in terms of market capitalization.
Berkshire Hathaway, a company associated with Warren Buffet, is an American multinational conglomerate holding company that is based in Omaha, Nebraska, United States. It was founded in 1889 but was recently transformed from a mediocre entity to a real powerhouse by Warren Buffet. It is, in fact, one of the largest in the world. The company is a conglomerate of businesses such as insurance, investments in rail transportation, energy, services, retailing, manufacturing, utilities, and finance. Berkshire Hathaway provides primary insurance and reinsurance, and it is also geared in lifestyle insurance. The conglomerate’s subsidiaries include the U.S. Liability Company, Berkshire Hathaway Primary Group, GEICO, among many others.
Part of the big five in the world of insurance is Prudential plc. It is one of the insurance companies with operations operating across the Asian continent, the U.K., the U.S., and very recent in its portfolio in Africa. It was founded back in 1848, in the U.K. and assumed a list of different names in its operations such as Prudential Corporation Asia and M&G Investments. Being a British multinational insurance and financial services company, it offers a wide range of insurance services to at least 20 million customers. It also has investments in Prudential Corporation Asia, which is the leading insurance and asset management operations in Asia.
Based on Materials from Marketing91