Largest Insurance Countries & Insurance Companies Of The World: Global Insurance Market

Insurance is the buzzword now, all across the globe. Its a big business, with billions and billions of dollars being poured into insurance companies as premiums and then some part of it being refunded for the claims. Managing the insurance money in itself is a challenge, given the asset-liability problems from the point of view of insurance companies.

Largest Insurance Markets Of The World: Countries with Largest Insurance Business

However, looking at it from the market size perspective at a global level, there are some countries (or better to say markets) which dominate the list of largest insurance countries clearly. Here in this article, we will cover a List of top 10 Insurance Countries with the Largest Insurance Market Value in the world

1	USA
2	Japan
3	UK
4	France
5	Germany
6	China
7	Italy
8	Canada
9	South Korea
10	Netherlands
11	India

Interestingly, India has just entered this list recently, by surpassing Spain which earlier held the 11th Spot. India appears to be the only developing country in the list, rest are all considered to be developed countries. As expected, USA continues to be the top rank holder. China holds the 6th spot with its huge population. Interestingly, small countries like Netherlands (comparatively small in both area and population) are in the top 10 list.
But as you observe, we are talking about the market value of insurance market in these countries.
So how about the individual insurance companies of the world - where do the insurance companies stand in terms of largest insurance companies ranking?

Largest Insurance Companies of the World

Here is the List of Largest Insurane Companies of the World and their corresponding revenues in US$ in billions.

Sr.No.	Insurance Company	Country	Revenues (USD billions)
1	Axa	France	161
2	ING	Netherlands	146
3	Berkshire	USA	137
4	Allianz	Germany	125
5	Generali	Italy	114
6	Aviva	UK	89
7	Munich Re	Germany	79
8	AIG	USA	78
9	Prudential	UK	73
10	Zurich	Switzerland	62
11	Legal & General	UK	59

Related: Largest Stock Exchanges of the World

Please note that this data is as available at the time of publishing this article