In this world, Life is more important than anything. No one knows that, in what time risk has come in life. Sometimes risk is not coming with pain but, financially. Such as accident, diseases, operations, etc. That time, we really feel the shortage of money. If we do the insurance of life, then we don,t take tension about life. In this situation, the insurance companies come in action. We are talking about the World top five insurance companies.
World top five insurance companies
The following list focuses on a number of factors and the insurance companies on it are in no particular order. Here we show the list of world top five insurance companies. Insurance is just like the security of life.
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It is one of the World top five insurance company. AXA Insurance Company recorded revenue of $147.5 billion making it the 2nd most profitable multinational insurance company in the world. It was founded in 1817 through the merging of several insurance companies and its headquarters in Paris, France. AXA is a multinational conglomerate with businesses under it operating mostly in Europe, North America, Asia – Pacific, and North America. AXA is the second largest company in France.
The Insurance Companies under it offer various insurance products such as life, savings, health, vehicle, investments, and retirement. They include AXA Financial in the US, AXA UK in the UK, AXA Konzern in Germany, and AXA Belgium in Belgium. AXA has a board of sixteen members to oversee its operations, six of whom are from other countries other than France.
2. Zurich Insurance Group
Zurich Insurance Group is a worldwide company that covers large corporations (including 90% of the Fortune 500), individuals, and all types and sizes of businesses in between. As it went about building new North America headquarters in Schaumburg, Ill., a Chicago suburb, Zurich wanted to make sure the new corporate campus would have the collaborative technology its employees expect — tools that would attract top talent and help them work effectively.
“We were going to build something from scratch with all the input possible from all the employees in the organization to make it the place that people want to work,” says Dean Pipes, Zurich’s chief innovation architect.
In addition to its outdated. technology, the problems with the former facility included a limited staff experience that rarely took people beyond their own floor, and few spaces for people to meet and collaborate.
3. China Insurance company
China Life insurance (Group) Company (LFC) is one of land China’s largest state – owned. insurance and money services companies, likewise as a key player within the Chinese capital market as associate institutional capitalist. The origin of the corporate goes back to 1949 once the People’s insurance company of China (PICC) was formed. The corporate is listed on the big apple stock market, the Hong Kong stock market and therefore the Shanghai stock market and has created an investment within the Boston waterfront Project. It is coming in the world top five insurance companies.
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4. United Health Group
United Health Group is an American for profit managed health care company based in Minnetonka Minnesota. It is 5th in the United States on the Fortune 500. United Health Group offers health care products and insurance services. It is the largest healthcare company in the world by revenue $201 billion in 2017. United Health Group subsidiaries companies together serves approximately 115 million individuals in 2016. It is coming in world top five insurance companies.
5. Allianz SE
Since then, this company has been very competitive in insurance industry and now operates in 70+ countries around the world with 1,43000 workforces. In 2018, Allianz is rank among the top Forbes Global 2000 list. With core businesses in Insurance and Asset management, it offers a wide range of property – casualty and life / health insurance products to both retail and corporate customers. For P&C segment, these include motor, accident, property, general liability, travel insurance and assistance services.
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It is the leading P&C insurer worldwide and comes in top five in the Life / Health insurance business. The Allianz group has come a long way and delivered net income of $6.8 billion in this year in spite of numerous natural disasters. For this success, the company gives credit to the global strategy program “Renewal Agenda”. Under this program, they started focus on Technical excellence and Customer satisfaction which helped them in 3% growth in annual revenue. The customer satisfaction has reached above average level in more than 60% of the businesses. According to Brand Finance, Allianz has the second highest brand value of all the World top five insurance companies. This brand is known for quality and expertise, trust and reliability – all these attributes have been intact with Allianz in the last few decades.