Hey, are you finding the best insurance company in the world? Or do you want to compare insurance companies? Then you are at the right place here we have two lists of the top 25 best insurance companies in the world.  We have two lists because we have listed the country according to their rank with two different criteria. In the first list, you will find the NPW (Net Premiums Written) and the Country of residence of all insurance companies. And the second list shows you the Non-banking assets and country of residence of the top 25 insurance companies.

Best Insurance Company in the World

United Health Group Incorporated, a US Based company has maintained the top place by Net Premiums Written, with $158.8 billion in 2017. So you will get a good comparison between the Best Insurance Companies of the World. Here are the world’s largest insurance companies. If we observe all, the yearly rankings of the top five companies remain mostly the same. We have found that they were relatively constant in the top positions.  One more thing, the first four companies from our list of the top twenty-five insurance companies stayed the same as 2016, by NPW. And all of the top five companies by non-banking assets continued the same. US health insurance carriers and Chinese insurers are constant to rule the top positions in terms of NPW, making up six of the top 10 insurance companies.

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So we think you have to go through this list once, to get an idea about the rankings and positions of the world’s top 25 insurance companies.

These rankings were released on December 31, 2018. The rankings were based on BestLink information and A.M. Best research.

Best Insurance Companies ( Compare Insurance Companies with Net Premiums Writtens)

So here is the list of top 25 best insurance companies of the world with Country of residence and Net Premiums Writtens, all in US dollars. So, let’s compare insurance companies with their Net premiums written.

1. UnitedHealth Group Incorporated

Country of residence: United States of America

Net premiums written: $158.5 billion

2. AXA S.A.

Country of residence: France

Net premiums written: $104.5 billion

3. China Life Insurance (Group) Company

Country of residence: China

Net premiums written: $97.6 billion

4. Ping An Insurance (Group) Company of China Ltd.

Country of residence: China

Net premiums written: $90.3 billion

5. Allianz SE

Country of residence: Germany

Net premiums written: $86.8 billion

6. Anthem, Inc.

Country of residence: United States of America

Net premiums written: $84.2 billion

7. Kaiser Foundation Group of Health Plans

Country of residence: United States of America

Net premiums written: $83.6 billion

8. Assicurazioni Generali S.p.A.

Country of residence: Italy

Net premiums written: $77.5 billion

9. State Farm Group

Country of residence: United States of America

Net premiums written: $69.9 billion

10. People’s Insurance Company (Group) of China Ltd.

Country of residence: China

Net premiums written: $68.9 billion

11. Berkshire Hathaway Inc.

Country of residence: United States of America

Net premiums written: $62.2 billion

12. Munich Reinsurance Company

Country of residence: Germany

Net premiums written: $57 billion

13. Prudential plc

Country of residence: United Kingdom

Net premiums written: $56.6 billion

14. Aetna Inc.

Country of residence: United States of America

Net premiums written: $53.9 billion

15. Humana Inc.

Country of residence: United States of America

Net premiums written: $52.4 billion

16. Nippon Life Insurance Company

Country of residence: Japan

Net premiums written: $50.6 billion

17. Life Insurance Corporation of India

Country of residence: India

Net premiums written: $48.9 billion

18. Centene Corporation

Country of residence: United States of America

Net premiums written: $46.1 billion

19. Dai-ichi Life Holdings, Inc.

Country of residence: Japan

Net premiums written: $46 billion

20. National Mutual Insurance Federal Agricultural Cooperation

Country of residence: Japan

Net premiums written: $45.2 billion

21. Tokio Marine Holdings, Inc.

Country of residence: Japan

Net premiums written: $42.5 billion

22. MS&AD Insurance Group Holdings, Inc.

Country of residence: Japan

Net premiums written: $42.3 billion

23. Zurich Insurance Group Ltd.

Country of residence: Switzerland

Net premiums written: $41.1 billion

24. China Pacific Insurance (Group) Company, Ltd.

Country of residence: China

Net premiums written: $40.8 billion

25. Japan Post Insurance Company, Ltd.

Country of residence: Japan

Net premiums written: $39.6 billion

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Best Insurance Companies ( Compare Insurance Companies with Non-banking assets)

Now let’s compare insurance companies with their non-banking assets. The 25 largest insurance companies in the world ranked according to their net non-banking assets are:

1. Allianz SE

Country of residence: Germany

Non-banking assets: $1 trillion

2. AXA S.A.

Country of residence: France

Non-banking assets: $992 billion

3. Prudential Financial Inc.

Country of residence: United States of America

Non-banking assets: $832 billion

4. Japan Post Insurance Company, Ltd.

Country of residence: Japan

Non-banking assets: $723 billion

5. MetLife Inc.

Country of residence: United States of America

Non-banking assets: $720 billion

6. Berkshire Hathaway Inc.

Country of residence: United States of America

Non-banking assets: $702.1 billion

7. Nippon Life Insurance Company

Country of residence: Japan

Non-banking assets: $700 billion

8. Legal & General Group Plc

Country of residence: United Kingdom

Non-banking assets: $682.6 billion

9. Prudential plc

Country of residence: United Kingdom

Non-banking assets: $666.5 billion

10. Assicurazioni Generali S.p.A.

Country of residence: Italy

Non-banking assets: $643.4 billion

11. Aviva plc

Country of residence: United Kingdom

Non-banking assets: $597.4 billion

12. Manulife Financial Corporation

Country of residence: Canada

Non-banking assets: $581.3 billion

13. Ping An Insurance (Group) Company of China Ltd.

Country of residence: China

Non-banking assets: $572.5 billion

14. National Mutual Insurance Federal Agricultural Cooperation

Country of residence: Japan

Non-banking assets: $553.1 billion

15. China Life Insurance (Group) Company

Country of residence: China

Non-banking assets: $553 billion

16. CNP Assurances

Country of residence: France

Non-banking assets: $507.1 billion

17. Dai-ichi Life Holdings, Inc.

Country of residence: Japan

Non-banking assets: $504.4 billion

18. American International Group, Inc.

Country of residence: United States of America

Non-banking assets: $498.3 billion

19. Aegon N.V.

Country of residence: Netherlands

Non-banking assets: $475 billion

20. Credit Agricole Assurances

Country of residence: France

Non-banking assets: $451.7 billion

21. Life Insurance Corporation of India

Country of residence: India

Non-banking assets: $438.1 billion

22. Zurich Insurance Group Ltd.

Country of residence: Switzerland

Non-banking assets: $422.1 billion

23. Meiji Yasuda Life Insurance Company

Country of residence: Japan

Non-banking assets: $391 billion

24. Sumitomo Life Insurance Company

Country of residence: Japan

Non-baking assets: $339.1 billion

25. New York Life Insurance Company

Country of residence: United States of America

Non-banking assets: $337.1 billion

So, here you got the rankings of the Best Insurance Company of the World according to both:

• Net premiums written
• Non-banking assets

What is Net Premium Written?

Net premiums written is the total sum of premiums written collected by an insurance company in a particular period of time. Net premiums written describes how much of the insurance premiums the company gets to keep for assuming the risk.

What is Non-banking assets?

A non-banking asset is an asset with a physical value, such as real estate, equipment, machinery, or a vehicle. A financial asset is an asset that has value based on a contractual claim, rather than a physical net worth, such as bonds, stocks and bank deposits.

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