5 Biggest Insurance Companies In the World

Below you can find the list of 5 Biggest Insurance Companies In the World. For a detailed coverage of this topic and a more comprehensive list, please see the 11 Biggest Insurance Companies In the World

5. Allianz

Revenue – 123925000 in thousands, USD

The German multinational is the largest financial service company based on revenue. It has its customer base spread through 70 countries with over 76 million customers. The main offerings are in the areas of life, health, property and casualty insurance and asset management.

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4. China Pacific Insurance

Revenue – 166943000 in thousands, USD

Better known as Pacific Insurance, the Chinese insurance giant  is the second largest property insurance company, after PICC, in the country.  The company offers integrated services through its subsidiaries ranging in life insurance, property insurance and reinsurance.

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3. Berkshire Hathaway

Revenue – 260492000 in thousands, USD

The American multinational was catapulted to the big league by none other than Warren Buffet and according to Forbes Global 2000, is the fifth largest company in the world. It delves into services relating to both insurance and reinsurance including life insurance, accident and health reinsurers and casualty reinsurer. It, along with its subsidiaries, maintains high levels of capital strength.

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2. Ping An Insurance

Revenue – 463385000 in thousands, USD

Chinese player, Ping An Group, deals with insurance, banking and financial services. It delves into life insurance, property and casualty insurance and insurance in overseas holdings through its subsidiaries. Its operations are mainly focused in China, Hong Kong and Macau, however, through its branches and representative agents it caters to more than 150 countries.

1. China Life Insurance

Revenue – 785684000 in thousands, USD

The largest life insurer in China in terms of total assets is also the biggest life insurance companies in the world currently. The company has a robust network of agents to acquire new customers and is a major player in China’s group life insurance sector.

See also 10 Largest Health Insurance Companies by Membership and  10 Largest Health Insurance Companies In America

China Life Insurance Company Ltd. (ADR) (NYSE:LFC)