Top Insurance Companies in the world

Top  Insurance Companies in the world

Insurance helps us to make what this quote suggests. We can face many type of risks: risk of meeting with an accident, falling sick, being a victim of a natural disaster or fire, and above all risk of life.  These risks not only occur with pain and suffering but also need financially. Insurance is a way of being prepared for the worst; it provide the surety that the economic part of the pain will be taken care of. In this content, we focus on some of the top insurance companies. There are a lot of criteria on the basis of which, such a list can be prepared: premium collections, market capitalization, revenue, profit, geographical area, assets, and much more. This list we take a look on insurance companies with the largest revenues across the world.

1) AXA

With more than 102 million customers in fifty six countries and an employee base of 157,000, AXA is one of the best world's leading insurance groups. Its main businesses are property and casualty insurance, saving money, life insurance, and asset management. Its origin goes back to 1817 when other insurance companies merged to create AXA. The company is headquartered in Paris and has a presence across the countries in Africa, North America, Central and South America, Asia Pacific, Europe, and also in the Middle East.

In year 2013, AXA move to increase its foothold in Latin America acquired 51 percent of the insurance operations of Colpatria Seguros in Colombia. In the same year, AXA have become the largest international insurer operating in China as a result of its 50% acquisition of Tian Ping (a Chinese property and casualty insurer). In addition, the company acquired the non-life insurance operations of HSBC in Mexico. The AXA Group reported consolidated gross revenue of €91 billion for 2013.

2) Zurich Insurance Group

Zurich Insurance Group, a Switzerland-headquartered world insurance company, was created in 1872. Zurich Group, together with its subsidiaries, operates over 170 countries, offering insurance products and services. The core businesses of Zurich include general insurance, global life, and farmers insurance. With its employee strength of more than 55,000, Zurich caters to the vast insurance needs of individuals and businesses of all sizes: small, mid-sized and large-sized companies and also multinational corporations.

During the year of 2013, Zurich Insurance Group published a business operating profit of $4.7 billion (15 percent higher than 2012). Of this, general insurance contributed 51 percent, while global life and framers contributed 23% and 27% respectively. The Total revenue was reported as $72 billion.