Top 10 Global Insurers

Insurance is a contract, represented by a policy, in which an individual or company receives financial protection or compensation from the loss of an insurance company. The company incorporates customer risk to make payments more accessible to the insured.  Below is the list of top10 global insurers.

Top10 Global Insurers
Top10 Global Insurers

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Top 10 Global Insurers

This article provides a list of famous International Insurance Companies.

Berkshire Hathaway

Berkshire Hathaway Inc. is an American multinational conglomerate holding company. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO (the second-largest auto insurer in the United States), Duracell, Dairy Queen, BNSF Railway, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, Flight Safety International, Shaw Industries, Pampered Chef, Forest River, and NetJets. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide.

Berkshire Hathaway
Berkshire Hathaway

GEICO (The Government Employees Insurance Company) writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. Despite the presence of the word “government” in its name, GEICO has always been a private corporation not affiliated with any U.S. government organization. GEICO also offers property insurance, as well as umbrella coverage which GEICO sells, but the risk on the policies are transferred to third-party companies. GEICO manages the policies as the “insurance agent” and has a separate customer care team that handles the property and umbrella policies. Berkshire Hathaway holds a prominent place among top 10 global insurers.


Ping An Insurance

Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries mainly deal with insurance, banking, asset management, financial services, healthcare, auto services, and smart city. The company was founded in 1988 and is headquartered in Shenzhen. “Ping An” literally means “safe and well”. In 2021, Ping An ranked 6th on the Forbes Global 2000 list and 16th on the Fortune Global 500 list.

Ping An says ” Ping An Insurance has been selected for the 2019 Dow Jones Sustainability Emerging Markets Index (DJSI). It was the first insurance company from mainland China to be selected on the index.”

Ping An is a signatory of the United Nations-supported Principles for Responsible Investment (PRI) and was the first asset owner in mainland China to join. Ping An Insurance consistently ranks as one of the world’s top global insurance brands, and as of 2021, was the most valuable global financial brand in the world, according to Brand Finance.

Ping An Insurance has been selected for the 2019 Dow Jones Sustainability Emerging Markets Index (DJSI). It was the first insurance company from mainland China to be selected on the index.

In 2016, Ping An Healthcare and Technology (Ping An Good Doctor) completed a Series A funding round of a total of US$500 million, making its valuation hit US$3 billion. Ping An also bought a 48% stake in the Chinese car website Autohome Inc. from Telstra Corp. for $1.6 billion.

Ping An Insurance

UnitedHealth Group (US)

UnitedHealth Group Incorporated is an American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. It offers health care products and insurance services. UnitedHealth Group is the world’s eighth-largest company by revenue and second-largest healthcare company behind CVS Health by revenue, and the largest insurance company by net premiums.UnitedHealthcare revenues comprise 80% of the Group’s overall revenue.

UnitedHealthcare is the health benefits business of UnitedHealth Group, a health care and well-being company working to help build a modern, high-performing health system through improved access, affordability, outcomes, and experiences.

In 1974, Richard Taylor Burke founded Charter Med Incorporated, a Minnetonka, Minnesota-based privately held company. In 1977, the United HealthCare Corporation was created to reorganize the company and became the parent company of Charter Med.



Allianz SE (Germany)

Allianz is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz has been securing the future of its customers since it was founded in 1890. Initially based in Berlin, generations of employees and managers developed the company from a regional provider of casualty and transport insurance to a global insurer and asset manager. Now, Allianz operates as an international insurer on almost every continent. They say that they have deep roots in the home markets of Western, Northern & Southern Europe. In Central & Eastern Europe and Asia-Pacific, Allianz is one of the leading international insurance companies. With different emphases, they are present in America and Africa.

Allianz SE
Allianz SE

The Allianz Group is one of the leading integrated financial services providers worldwide. With over 100 million private and corporate customers worldwide and more than 150,000 employees, Allianz remains to be one of the world’s largest insurers, investors, and assistance providers.


AIA Group (Hong Kong)

 AIA Group Limited, known as AIA, is an American-founded Hong Kong multinational insurance and finance corporation. It is the largest public listed life insurance and securities group in Asia-Pacific. It offers insurance and financial services, writing life insurance for individuals and businesses, as well as accident and health insurance, and offers retirement planning, and wealth management services, variable contracts, investments, and securities.

AIA is headquartered in Central, Hong Kong, with a presence in 18 markets in Asia-Pacific, with wholly-owned branches and subsidiaries in Hong Kong, mainland China, Taiwan, Macau, South Korea, Singapore, Thailand, Malaysia, the Philippines, Indonesia, Vietnam, Brunei, Cambodia, Myanmar, Australia, New Zealand, Sri Lanka and a 49% joint venture in India. Since 2013, AIA has had an exclusive bancassurance agreement with Citibank that encompasses 11 AIA markets in Asia-Pacific.

AIA Group Limited


AXA S.A.  France

Axa S.A. (styled as AXA) is a French multinational insurance company. The head office is in the 8th arrondissement of Paris, France. It also provides investment management and other financial services. The Axa Group operates primarily in Western Europe, North America, the India Pacific region, and the Middle East, with a presence also in Africa. Axa is a conglomerate of independently run businesses, operated according to the laws and regulations of many countries.

AXA SA is an insurance company that also provides related financial services. The Company offers life and non-life insurance, savings and pension products, and asset management services. AXA operates in both domestic and international markets.

The property-casualty business includes the insurance of personal property (cars, homes) and liability (personal or professional). It covers a broad range of products and services designed for our individual and business clients. The individual and group life insurance policies encompass both savings and retirement products, on the one hand, and other health and personal protection products. The asset management business involves investing and managing assets for the Group’s insurance companies and their clients, as well as for third parties, both retail and institutional clients.

Axa trades in the United Kingdom as Axa UK, with subsidiaries including Axa Insurance, Axa Wealth, and Axa Health. Axa PPP Healthcare was created when Axa bought Guardian Royal Exchange (GRE), though it subsequently sold the other parts of GRE to Aegon.

Axa S.A.


China Life Insurance (Group) Company

China Life Insurance (Group) Company, headquartered in Beijing, is a large state-owned financial and insurance company. Its predecessor, PICC was founded in 1949, and the PICC (Life) Co., Ltd was set up in 1996 after its separation from the former PICC. In 1999, it was renamed China Life Insurance Company.

China Life Insurance (Group) Company has China Life Insurance Company Limited, China Life Asset Management Company Limited, China Life Property & Casualty Insurance Company Limited, China Life Pension Company Limited, China Life Ecommerce Company Limited, China Life Insurance (Overseas) Company Limited, China Life Investment Holding Company Limited and Insurance Professional College as its subsidiaries. Its business covers life insurance, property & casualty insurance, pension plans (corporate annuity), asset management, alternative investment, overseas operations, and e-commerce. China Life Insurance Company is now included as one of the Top 10 Global Insurers.

China Life Insurance (Group) Company

Assicurazioni Generali S.p.A

Assicurazioni Generali S.p.A. or simply Generali Group is an Italian insurance company based in Trieste. As of 2019, it is the largest of its kind in Italy and among the top ten largest insurance companies in the world by net premiums and assets. The company was founded on December 26, 1831, as Imperial Regia Privilegiata Compagnia di Assicurazioni Generali Austro-Italiche. At the time, Trieste was the most important seaport of the Austrian Empire. The company grew in importance, becoming one of the largest insurance operators both in Italy and in Central Europe. As of 2017, the company ranks 57th on the Fortune Global 500 list of companies and 43rd on MITs worldwide “Smartest Companies” ranking in 2015.

Generali is one of the largest global insurance and asset management providers. With almost 75,000 employees serving 67 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America.

Generali offers life insurance, property and casualty insurance, and insurance for companies.

To meet the needs of medium and large businesses, the Generali Group has developed the Global Business Lines, which via its two units Generali Global Corporate & Commercial (GC&C) and Generali Employee Benefits (GEB) is able to provide flexible, custom-tailored insurance solutions in P&C and Life, health protection, and pension plans to local and ex-pat employees of multinational companies.

Assicurazioni Generali S.p.A

People’s Insurance Company (Group) of China Ltd.

The People’s Insurance Company of China (referred to as “PICC”) was developed and transformed from the People’s Insurance Company of China, which grew up with the Republic. On October 1, 1949, the company’s establishment request was approved by Mao Zedong and other central leaders. It is known as the “eldest son of the new China’s insurance industry” and is the pioneer and founder of the new China’s insurance industry.

After more than 70 years of development, PICC has now become a comprehensive insurance and financial group with more than 10 professional subsidiaries. Its business scope covers property insurance, life insurance, reinsurance, asset management, real estate investment and alternative investment, financial technology, and other fields. On December 7, 2012, PICC completed its H-share listing on the Hong Kong Stock Exchange; on November 16, 2018, PICC landed on the A-share market on the Shanghai Stock Exchange, becoming the fifth “A+H” share listing in China insurance company. Following the successful guarantee of the Beijing 2008 Olympic Games, in December 2019, PICC officially became the official partner of the Beijing 2022 Winter Olympics and Winter Paralympics and became a “Double Olympics Insurance” enterprise.

Business Strategy

Guided by the spirit of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China, PICC has established the “Excellent Insurance Strategy”, the “14th Five-Year Plan” strategic plan, the 2035 long-term goals, and the “1+7” strategic framework, and is committed to building an excellent insurance industry. A world-class financial and insurance group with excellent risk management capabilities.

The People’s Insurance Company of China

Zurich Insurance Group

Zurich is a global insurance company that is organized into three core business segments: General Insurance, Global Life, and Farmers. Zurich’s General Insurance business serves individuals, small and medium-sized businesses, and major multinational corporations with motor, home, and commercial products and services.

Zurich’s Global Life business offers life insurance, savings, investment, and pension products. In the United States, life insurance is issued by Zurich American Life Insurance Company with offices in Schaumburg, Illinois; Overland Park, Kansas; and New York City.

Zurich’s Farmers Insurance segment includes Farmers Management Services, which provides non-claims-related management services to the Farmers Exchanges (not owned by Zurich). Zurich also owns the Farmers RE business which includes reinsurance assumed from the Farmers Exchange by the Group. Zurich’s Farmers Insurance Group is the third-largest insurance group in the United States.

Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country’s largest insurer. The company was founded in 1872 as a reinsurance company under the name of “Versicherungs-Verein” and at the request of the “Schweiz” transport insurance company (which was founded in 1869 on the initiative of the “Schweizerischen Kreditanstalt”), a subsidiary of the Schweiz Marine Company.

Zurich is a leading multi-line insurer that serves its customers in global and local markets. With about 56,000 employees, it provides a wide range of property and casualty, life insurance products, and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, mid-sized and large companies, as well as multinational corporations.

Zurich Insurance Group

Liberty Mutual

Liberty Mutual Group is an American diversified global insurer and the sixth-largest property and casualty insurer in the United States. Liberty Mutual was formed in 1912 as the Massachusetts Employees Insurance Association (MEIA), following the passage of a 1911 Massachusetts law requiring employers to protect their employees with workers’ compensation insurance. The company was founded as a mutual company, a structure in which an insurance company is owned by its policyholders.

Liberty Mutual Group owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela, and Vietnam. Liberty Mutual has obtained a prominent place among top  International Insurance Companies.

Based in Boston, Massachusetts, and featuring the Statue of Liberty on its logo, it employs over 45,000 people in more than 900 locations throughout the world. The company offers a wide range of insurance products and services, including personal automobile, homeowners, workers’ compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire insurance, and surety.

Liberty Mutual

The above Top 10 Global Insurers list includes top International Insurance Companies.