Insurance companies: Top 10
The top 10 largest insurance companies in the world, by net premiums, were written (NPW) and non-banking assets, have been revealed by global rating agency A.M. Best.
Insurance helps us to do exactly what this quote suggests. We all face many kinds of risks: risk of meeting with an accident, falling sick, being a victim of a natural disaster or fire, and above all risk of life. All these risks not only come with pain and suffering but also hurt financially. Insurance is one way of being prepared for the worst; it offers the surety that the economic part of the pain will be taken care of. In this article, we take a look at some of the top insurance companies.
Overall, the annual rankings were relatively stable in the top slots. Four of the top five insurers by NPW stayed the same as 2016, and all of the top five insurers by non-banking assets remained the same. US health insurance carriers and Chinese insurers continue to rule the top spots in terms of NPW, making up six of the top 10 insurers.
1. UnitedHealth Group Incorporated
Country of Domicile: United States of America
Net premiums were written: $158.5 billion
2. AXA S.A.
Country of domicile: France
Net premiums were written: $104.5 billion
3. China Life Insurance (Group) Company
Country of domicile: China
Net premiums were written: $97.6 billion
4. Ping An Insurance (Group) Company of China Ltd.
Country of domicile: China
Net premiums were written: $90.3 billion
5. Allianz SE
Country of domicile: Germany
Net premiums were written: $86.8 billion
6. Anthem, Inc.
Country of Domicile: United States of America
Net premiums were written: $84.2 billion
7. Kaiser Foundation Group of Health Plans
Country of Domicile: United States of America
Net premiums were written: $83.6 billion
8. Assicurazioni Generali S.p.A.
Country of domicile: Italy
Net premiums were written: $77.5 billion
9. State Farm Group
Country of Domicile: United States of America
Net premiums were written: $69.9 billion
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