Since the recent financial meltdown which began in September 2008, a reshuffling of the market value of the world's largest insurance companies has occured. Here is a list of the top ten insurance companies:
| Rank | Company | Market Value | Country |
| 1 | American Intl Group | $172.24 | United States |
| 2 | AXA Group | $66.12 | France |
| 3 | Allianz Worldwide | $65.55 | Germany |
| 4 | Manulife Financial | $50.52 | Japan |
| 5 | Generali Group | $45.45 | Italy |
| 6 | Prudential Financial | $39.70 | United States |
| 7 | MetLife | $37.94 | United States |
| 8 | Aviva | $33.10 | United Kingdom |
| 9 | Munich Re Group | $30.99 | Germany |
| 10 | Aegon | $26.40 | Netherland |
(1) Based on an analysis of companies in the Forbes Global 2000.
(2) Based on market value in billions. Rankings based on sales, profits, or assets will be different.
The market value of these companies has been in flux due to recent financial crisis and the changes that has brought to capital movements and the changes in risk profiles. Fluctuations in the area of financial services is likely to affect insurance companies considerably. Stock market uncertainty will probably curb expansion of the life insurance market, while the rate demands limit the growth of non-life insurance markets. The report discusses trends, challenges and possible growth areas on a global basis.
Among the top ten insurance companies in the United States are All State Insurance Company, State Farm Insurance Company, Prudential Insurance Company, Travelers Insurance Company, Fidelity Insurance Company, Metlife Insurance Company, Farmers Insurance Company, AIG Insurance Company, MassMutual Insurance Company, and The Hartford Insurance Company. These companies are providers of a wide range of coverage such as property, life, casualty, and health or any combination thereof. The companies are rated based on their financial strengths. These ratings are useful in helping consumers make informed decisions as well.
No comments:
Post a Comment