List of the Biggest Insurance Companies in the World

Following is a list of the Biggest Insurance Companies in the World ranked by total assets and other viable factors. When the total value of assets is taken into consideration, the Allianz Group, based in Germany, is the world’s largest insurance company.

With over 90 million customers in almost 70 countries, Allianz is a global leader in property and casualty insurance, life and health insurance, travel insurance, as well as credit insurance, corporate insurance, and asset management.

The company’s gross premiums written amounted to EUR 76 billion in the last financial year. AXA Group is the second-largest international insurer with presence in 64 countries. AXA originated and headquartered in France but spread rapidly across the world with 100s of branches in all the 64 countries they are.

The world’s top 10 insurance companies have combined assets of over $8.0 trillion.

List of the Biggest Insurance Companies in the World

3Ping An InsuranceChina
4Prudential FinancialUS
6Japan Post InsuranceJapan
7Berkshire HathawayUS
8Nippon Life Insurance Company (Nissay)Japan
9Prudential plcUK
10Legal & GeneralUK
11Assicurazioni GeneraliItaly
13Manulife FinancialCanada
14Zenkyoren (1)Japan
15American International Group (AIG)US
16Dai-ichi Life HoldingsJapan
17CNP AssurancesFrance
19China Life InsuranceChina
20Zurich Insurance GroupSwitzerland
21Meiji Yasuda Life Insurance CompanyJapan
22Power Financial CorpCanada
23Sumitomo Life Insurance CompanyJapan
24Munich ReGermany
25Life Insurance Corporation of IndiaIndia
27New York LifeUS
28Cathay Financial HoldingTaiwan
29Lincoln NationalUS
30NN Group NVNetherlands
31Northwestern MutualUS
32State FarmUS
33Standard Life AberdeenUK
34Principal FinancialUS
35Samsung Life InsuranceSouth Korea
36Massachusetts MutualUS
37Nationwide Mutual InsuranceUS
38Voya FinancialUS
39Old MutualUK
40Hartford Financial ServicesUS
41Brighthouse FinancialUS
42Fubon FinancialTaiwan
43Swiss RESwitzerland
44Swiss Life HoldingSwitzerland
45Sun Life FinancialCanada
46Tokio Marine HoldingsJapan
47MS&AD Insurance GroupJapan
48AIA GroupHong Kong
49Talanx AGGermany
50China Pacific Insurance Group (CPIC)China
51Chubb LtdSwitzerland
52USAA (United Services Automobile Association)US
53Pacific Mutual Holding CompanyUS
54People’s Insurance Co (Group) of ChinaChina
55Liberty Mutual Holding CompanyUS
57T&D HoldingsJapan
61Covea Mutual Insurance GroupFrance
62Sompo Holdings (2)Japan
63Shin Kong FinancialTaiwan
64Hanwha LifeSouth Korea
65New China Life InsuranceChina
66Unipol Gruppo FinanziarioItaly
67Genworth FinancialUS
68Travelers CompaniesUS
70Phoenix Group HoldingsUK

The above are some of the top insurance companies in the world as at the time of publishing this data in 2021

Since the data is based on asset valuation and total premium, the numbers may differ as the companies increase their assets and premiums. We will however try as much as possible to update the list as and when new data is available to us.