Insurance industry has become important not only for customers but also for enterprises. With growing businesses and increasing incomes of people, the business for these top insurance companies has also increased manifold. Most of these Insurance companies are strong financial institutions offering life insurance, health insurance, property insurance, car insurance etc. Some of the top insurance companies include Berkshire Hathaway, UnitedHealth, AXA, Allianz along with Generali, Metlife, Nippon, PingAN, ING etc. Safeguarding businesses, protecting families & ensuring the good health of family members are the prime reasons why the largest insurance companies are expanding their businesses. With the growing demand for ease of service among customers, the best insurance brands in the world are providing online services through web and smartphone apps. Joint ventures and partnerships with leading global as well as local financial institutions has enabled the biggest insurance companies in the world to serve customers across 200 countries worldwide. Here is the list of the top 10 Insurance Companies in the World 2017 based on total revenue and net income (profit).
Quick Glance :
Below is the list of Top 10 Insurance Companies in World 2017 :
For More details about rankings and parameters, read on.
10. ING Group
ING group was founded in 1991 through a merger and is headquartered in Amsterdam, Netherlands.
ING Group is headed by Ralph Hamers with an active workforce of more than 90000 employees. ING group provides insurance products in the provision of banking, investments, life and non-life insurance and retirement and asset management services.
ING Group operates globally in many countries some of them are Australia, China, Russia, Canada, Italy, US, UAE, India etc. The organization has proved huge natural and inert development and has obtained a significant rundown of business with center zones including Asset Management, Insurance and Banking.
ING group is comprised of about 50+ subsidiaries. ING’s profit in 2016 went up by 27% owing to the sale of its Indian subsidiary Vyasa Bank for 367 million euros. Also in September 2016 ING sold around $300 million worth stake in Kotak Mahindra Bank.
ING group has won a lot of awards such as World’s fifth most sustainable corporation 2017, Global bank of the year 2016, Benelux M&A Advisor of the year 2016, Best bank in western Europe, Netherlands and Poland 2016. The ING Group is 10th on the list of top insurance companies for 2017. Below are the parameters:
Revenue: 67.34 $Bn
Net Earnings: 5.29 $Bn
(Use the Rank Navigator to view the other companies in the top brand list along with their information, parameters and data figures.)