Top 10 World Insurance Companies-Top 20 life insurance companies in usa and the world

Among the top ten insurance companies in the United States are All State Insurance Company, State Farm Insurance Company, Prudential Insurance Company, Travelers Insurance Company, Fidelity Insurance Company, Metlife Insurance Company, Farmers Insurance Company, AIG Insurance Company, MassMutual Insurance Company, and The Hartford Insurance Company. These companies are providers of a wide range of coverage such as property, life, casualty, and health or any combination thereof. The companies are rated based on their financial strengths. These ratings are useful in helping consumers make informed decisions as well.

 

While it may seem a simple task to name the world's largest insurance companies, given the increasing overlap and blurred distinctions between insurance and financial investment companies, there is some differing of opinions as to who really is the biggest. Add in the insurance and banking meltdown of 2008/2009, which broke up, merged and destroyed several companies, the top companies have and continue to fluctuate.

According to an article in the LA Times and CNN, as of March 2009, the largest insurance company in the world was AIG, the now much humbled giant. However, even back in April 2008, the Forbes Global 2000 gave top honours to ING, based in the Netherlands, which ranked ninth, while AIG came in at number eighteen, behind both ING and Germany-based insurance giant Allianz. The Forbes Global 2000 is not strictly about size, however; and uses a formula based on profits, revenue, assets and market value to rank worldwide companies. According to Forbes' figures, AIG did have a higher market value than ING; on the other hand, ING outdid AIG on revenue, profits and assets.

The post-meltdown insurance landscape is much different. The Forbes Global 2000 one year later, in April 2009, shows ING plummeting from ninth place in 2008 down to 456th place in 2009. It should come as no surprise to anyone with a television or radio that AIG also dropped off a cliff, from 18th to 968th. In 2008, 3 insurance companies (those mentioned above) had cracked the top twenty of global powerhouse companies. In April 2009, the highest ranking insurer was in 45th place - the Generali Group out of Italy. The top US based insurer was MetLife in ninetieth place among all industries, and fourth among insurers. Using the Forbes list as a ranking, the top ten insurance companies worldwide are (the ranking in parentheses refers to their Forbes overall ranking):

1. Generali Group - Italy (45th)

2. China Life Insurance - China (72nd)

3. Munich Re - Germany (75th)

4. MetLife - United States (90th)

5. Zurich Financial Services - Switzerland (96th)

6. AXA Group - France (99th)

7. Travelers - United States (131st)

8. Ping An Insurance Group - China (141st)

9. Tokio Marine Insurance - Japan (148th)

10. CNP Assurances - France (181st)