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These are the highest 5 largest insurance companies within the world.bdjobcirculars

The top 25 largest insurance companies within the world, by net premiums written (NPW) and non-banking assets, are revealed by global rating agency A.M. Best.

US-based insurance giant, United kingdom Health Group Incorporated, has claimed the highest spot by NPW for the fourth year running, with $178.8 billion (about AU$520.2billion) in 2015. Allianz SE was crowned the world’s largest insurer by non-banking assets, moving up two places within the 2015 rankings and bumping MetLife Inc. right down to fifth position. MetLife’s fall was advanced by an outsized reserve charge in 2017, associated with its group annuity business to catch up on unpaid benefits.

Overall, the annual rankings were relatively stable within the top slots. Four of the highest five insurers by NPW stayed an equivalent as 2016, and every one of the highest five insurers by non-banking assets remained an equivalent . US insurance carriers and Chinese insurers still rule the highest spots in terms of NPW, making up six of the highest 10 insurers.

Chinese-based Ping An Insurance Company of China Ltd. was the newcomer within the NPW top five, following a 2017 year-over-year premium increase of 30%. The Chinese insurer jumped five slots to rank fourth in 2017. Another company to form significant NPW progress was Berkshire Hathaway Inc., which climbed to No. 11 from No. 16 after a premium rise of 33% in 2015.

The A.M. Best rankings of the world’s largest global insurance companies were released within the New Year’s Eve , 2018, issue of BestWeek. The rankings were supported BestLink data and extra A.M. Best research.

Without further ado, the 25 biggest insurance companies within the world by net premiums written (all in US dollars) are:

1.Munich Reinsurance Company
Country of domicile: Germany
Net premiums written: $57 billion

2.Assicurazioni Generali S.p.A.
Country of domicile: Italy
Net premiums written: $67.5 billion

3.Humana Inc.
Country of domicile: us of America
Net premiums written: $72.4 billion

4.National Mutual Insurance Federal Agricultural Cooperation
Country of domicile: Japan
Net premiums written: $65.2 billion

5.MetLife Inc.
Country of domicile: us of America
Non-banking assets: $880 billion

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