Insurance. Is it good or bad? Do we need them? Admit it. We all do wonders about insurance. Then, what is insurance all about? That’s an interesting question. Firstly, let’s get to know insurance. Generally, insurance is a contract for risk management. It’s a written contract between the insurer and an individual. Insurance purchases transfer potential risk to the insurance company. In exchange, the insured pays a fee to the insurer. Insurance functions to financially help people against unprecedented events.There are many insurance companies out there. However, only a few are exceptionally outstanding than the rest. Let’s check them out.
Ping An
Firstly, Ping An insurance company. Ma Mingzhe founded the company in 1988. Shenzhen, China is the headquarters of this company. This insurance company offers insurance, banking, asset management and more. In 2021, its net premiums are US$110 billion. Hence, it’s easy to understand why it’s a massive insurer. In addition, Ping An operates across China and Hong Kong. It is the largest insurance company according to TradingPlatforms.com. In terms of assets and market capitalization. Moreover, Ping An tops the best life rank and health insurance. A turnover with premium volume of US$184 billion. Therefore, it’s on the top list of insurance companies.
Allianz
Secondly, are you familiar with Allianz? You might have heard it before or not. Allianz is one of the global leading insurance companies. The founder of this insurance company is Carl Von Thieme. In continuation, Allianz headquarters is Munich, Germany. This is because it is a German company. They are the world’s largest insurance company as of 2014. Currently, the CEO of Allianz is Oliver Bätes. Allianz acquires a total revenue of 148.5 billion euros in 2021. Furthermore, this company serves more than 100 million customers worldwide. Besides that, Allianz operates in more than 70 countries. Their employees are around 150,000. Thus, it’s observable, Allianz is a huge network insurance company.
AXA
AXA is another global performing insurance company on our list. It’s another Euro insurance company from France. The current CEO of AXA is Thomas Burbel. AXA is a component of Euro Stoxx 50 stock market index. Their headquarters is in the 8th arrondissement of Paris, France. Presently, AXA serves in 54 countries globally. The numbers of AXA employees are 153,000. Subsequently, the company accomodate 105 million customers. Their insurance plans are life, health, property, casualty, and etc. Next, AXA premium jumps from 3.16 billion euros to 7.29 billion euros. The numbers beat analysts estimates of 6.72 billion euros. This proves that AXA is another giant insurance company.
Conclusion
In conclusion, there are many giant insurance companies globally. We can see that most of the companies compete against each other. Insurance companies also add value to billions of people. The core value that they share is helping people. What can we learn from these companies? Hard work and dedication will bring us VICTORY. Secondly, go for adventures. Don’t stick in the same lane. Those searching for good insurance. GOOD LUCK!
