Hey, are you finding the best insurance company in the world? Or do you want to compare insurance companies? Then you are at the right place here we have two lists of the top 25 best insurance companies in the world. We have two lists because we have listed the country according to their rank with two different criteria. In the first list, you will find the NPW (Net Premiums Written) and the Country of residence of all insurance companies. And the second list shows you the Non-banking assets and country of residence of the top 25 insurance companies.
Best Insurance Company in the World
United Health Group Incorporated, a US Based company has maintained the top place by Net Premiums Written, with $158.8 billion in 2017. So you will get a good comparison between the Best Insurance Companies of the World. Here are the world’s largest insurance companies. If we observe all, the yearly rankings of the top five companies remain mostly the same. We have found that they were relatively constant in the top positions. One more thing, the first four companies from our list of the top twenty-five insurance companies stayed the same as 2016, by NPW. And all of the top five companies by non-banking assets continued the same. US health insurance carriers and Chinese insurers are constant to rule the top positions in terms of NPW, making up six of the top 10 insurance companies.
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So we think you have to go through this list once, to get an idea about the rankings and positions of the world’s top 25 insurance companies.
These rankings were released on December 31, 2018. The rankings were based on BestLink information and A.M. Best research.
Best Insurance Companies ( Compare Insurance Companies with Net Premiums Writtens)
So here is the list of top 25 best insurance companies of the world with Country of residence and Net Premiums Writtens, all in US dollars. So, let’s compare insurance companies with their Net premiums written.
1. UnitedHealth Group Incorporated
Country of residence: United States of America
Net premiums written: $158.5 billion
2. AXA S.A.
Country of residence: France
Net premiums written: $104.5 billion
3. China Life Insurance (Group) Company
Country of residence: China
Net premiums written: $97.6 billion
4. Ping An Insurance (Group) Company of China Ltd.
Country of residence: China
Net premiums written: $90.3 billion
5. Allianz SE
Country of residence: Germany
Net premiums written: $86.8 billion
6. Anthem, Inc.
Country of residence: United States of America
Net premiums written: $84.2 billion
7. Kaiser Foundation Group of Health Plans
Country of residence: United States of America
Net premiums written: $83.6 billion
8. Assicurazioni Generali S.p.A.
Country of residence: Italy
Net premiums written: $77.5 billion
9. State Farm Group
Country of residence: United States of America
Net premiums written: $69.9 billion
10. People’s Insurance Company (Group) of China Ltd.
Country of residence: China
Net premiums written: $68.9 billion
11. Berkshire Hathaway Inc.
Country of residence: United States of America
Net premiums written: $62.2 billion
12. Munich Reinsurance Company
Country of residence: Germany
Net premiums written: $57 billion
13. Prudential plc
Country of residence: United Kingdom
Net premiums written: $56.6 billion
14. Aetna Inc.
Country of residence: United States of America
Net premiums written: $53.9 billion
15. Humana Inc.
Country of residence: United States of America
Net premiums written: $52.4 billion
16. Nippon Life Insurance Company
Country of residence: Japan
Net premiums written: $50.6 billion
17. Life Insurance Corporation of India
Country of residence: India
Net premiums written: $48.9 billion
18. Centene Corporation
Country of residence: United States of America
Net premiums written: $46.1 billion
19. Dai-ichi Life Holdings, Inc.
Country of residence: Japan
Net premiums written: $46 billion
20. National Mutual Insurance Federal Agricultural Cooperation
Country of residence: Japan
Net premiums written: $45.2 billion
21. Tokio Marine Holdings, Inc.
Country of residence: Japan
Net premiums written: $42.5 billion
22. MS&AD Insurance Group Holdings, Inc.
Country of residence: Japan
Net premiums written: $42.3 billion
23. Zurich Insurance Group Ltd.
Country of residence: Switzerland
Net premiums written: $41.1 billion
24. China Pacific Insurance (Group) Company, Ltd.
Country of residence: China
Net premiums written: $40.8 billion
25. Japan Post Insurance Company, Ltd.
Country of residence: Japan
Net premiums written: $39.6 billion
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Best Insurance Companies ( Compare Insurance Companies with Non-banking assets)
Now let’s compare insurance companies with their non-banking assets. The 25 largest insurance companies in the world ranked according to their net non-banking assets are:
1. Allianz SE
Country of residence: Germany
Non-banking assets: $1 trillion
2. AXA S.A.
Country of residence: France
Non-banking assets: $992 billion
3. Prudential Financial Inc.
Country of residence: United States of America
Non-banking assets: $832 billion
4. Japan Post Insurance Company, Ltd.
Country of residence: Japan
Non-banking assets: $723 billion
5. MetLife Inc.
Country of residence: United States of America
Non-banking assets: $720 billion
6. Berkshire Hathaway Inc.
Country of residence: United States of America
Non-banking assets: $702.1 billion
7. Nippon Life Insurance Company
Country of residence: Japan
Non-banking assets: $700 billion
8. Legal & General Group Plc
Country of residence: United Kingdom
Non-banking assets: $682.6 billion
9. Prudential plc
Country of residence: United Kingdom
Non-banking assets: $666.5 billion
10. Assicurazioni Generali S.p.A.
Country of residence: Italy
Non-banking assets: $643.4 billion
11. Aviva plc
Country of residence: United Kingdom
Non-banking assets: $597.4 billion
12. Manulife Financial Corporation
Country of residence: Canada
Non-banking assets: $581.3 billion
13. Ping An Insurance (Group) Company of China Ltd.
Country of residence: China
Non-banking assets: $572.5 billion
14. National Mutual Insurance Federal Agricultural Cooperation
Country of residence: Japan
Non-banking assets: $553.1 billion
15. China Life Insurance (Group) Company
Country of residence: China
Non-banking assets: $553 billion
16. CNP Assurances
Country of residence: France
Non-banking assets: $507.1 billion
17. Dai-ichi Life Holdings, Inc.
Country of residence: Japan
Non-banking assets: $504.4 billion
18. American International Group, Inc.
Country of residence: United States of America
Non-banking assets: $498.3 billion
19. Aegon N.V.
Country of residence: Netherlands
Non-banking assets: $475 billion
20. Credit Agricole Assurances
Country of residence: France
Non-banking assets: $451.7 billion
21. Life Insurance Corporation of India
Country of residence: India
Non-banking assets: $438.1 billion
22. Zurich Insurance Group Ltd.
Country of residence: Switzerland
Non-banking assets: $422.1 billion
23. Meiji Yasuda Life Insurance Company
Country of residence: Japan
Non-banking assets: $391 billion
24. Sumitomo Life Insurance Company
Country of residence: Japan
Non-baking assets: $339.1 billion
25. New York Life Insurance Company
Country of residence: United States of America
Non-banking assets: $337.1 billion
So, here you got the rankings of the Best Insurance Company of the World according to both:
- Net premiums written
- Non-banking assets
What is Net Premium Written?
Net premiums written is the total sum of premiums written collected by an insurance company in a particular period of time. Net premiums written describes how much of the insurance premiums the company gets to keep for assuming the risk.
What is Non-banking assets?
A non-banking asset is an asset with a physical value, such as real estate, equipment, machinery, or a vehicle. A financial asset is an asset that has value based on a contractual claim, rather than a physical net worth, such as bonds, stocks and bank deposits.
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