You can’t hope for the best without preparing for the worst if the need arises. Over the years, we have seen several
insurance companies come and gone but only a few have been at the top of its game.In life,it is a very great responsibility to prepare for any risk that comes your way. Often times we are faced with perilous times; such as being a victim of flood,accidents, fire incidents and many other natural or human induced events that affect our existence on earth.How we prepare for these unpredictable events matters alot.

MUST READ: 10 Biggest Companies In The World In 2017

In Benjamin Disraeli’s voice, “I am prepared for the worst,but hope for the best.” There are different basis on which this list can be prepared: market capitalisation,revenue,premium collections,geographical area, assets and so on. The below mentioned ones are made based on some certain factors.

N/B: This is not a sponsored post and please do not that the list is in no particular order even though it is numbered.

Top 10 Best Insurance Companies In The World

10. Allianz SE

Allianz SE was founded in the year 1890 and basically is one of the world’s leading financial services company.The company provides products and service from insurance to asset management.According to the result of the research, the company is said to be catering to customers in more than seventy five (75) countries with about 1.8 billion in assets under management.

Allianz SE is a german company with its headquarters in Munich,Germany and its core focus are insurance and asset management.

CEO: Oliver Bate.

9. Japan Post Holding Co. Ltd

This is another great insurance company to be reckoned with. The company is known to have about four (4) main primary divisions: Japan Post Networks(This division runs the post offices),Japan Post Insurance (This division provides life insurance), Japan Post Bank (They deal with the banking functions).

The company is known to have gone public in the year 2015 and is said to have a revenue of about $129.7 billion dollars as per the year 2014.

The current CEO is Taizo Nishimuro. The main function of the Japan Post Holding Co.Ltd is postal and logistics business,financial window business, banking and life insurance business.

8. Assicurazioni Generali S.p.A.

Here are some interesting facts about this company.

– Generali is known to be the largest insurance company in Italy and hold the third position in the world.
– It has its headquarters in Trieste.
– It has its present in more than sixty countries of the world and has more dominance in Western,Central and Eastern Europe.
– The company made a good name for herself after they emerged the second largest insurance group in the world by revenue after AXA.

The current ceo is Philippe Donnet. The company is said to have a revenue of about $66 bullion Euro in 2013.

7. Munich Re Group

Munich Reinsurance company is based in Munich, Germany. It is known to be one of the world’s leading reinsurers. It currently has its Headquarter in Germany with her current Chief Executive Officer (CEO) as Nikolaus Von Bomhard.

The company was founded in the year 1880 and has been seen over the years to operate in all lines of insurance. According to the result of a research, the company has its dominance in about thirty countries and her primary focus in Asia and Europe.

They have around forty five thousand (45,000) employees world wide. In 2015, they reported a gain of about 3.1 billion euros.

6. United Heath Group

United Health Group is another top notch insurance company not to be forgotten. It is an American managed health care company based in Minnetonka,Minnesota.

The company is said to be the 5th in the United States on the fortune 500. It has its headquarters in the United States and has a revenue of about $184.8 billion in the year 2016.

On like others whose presence has been felt in under eighty (80) countries,United Health Group have been serving more than eighty five (85) million people in every U.S states and has its presence in about one hundred and twenty five countries (125).

5. Prudential Plc

Our number five (5) spot goes to “Prudential Plc.” Prudential Plc (PUK) is an insurance comapany with dorminance in many countries. The company has an operation catering for about twenty four (24) million customers across Asia,United States,United Kingdom and of recently in Africa.

About Its Founding:
The company was founded in the United Kingdom in 1848 and has employed approximately twenty two thousand three hundred and eight employees around the globe.

The company is said to have assets under management that is worth about five hundred and nine billion euros (509b)

4. Berkshire Hathaway

Berkshire Hathaway occupies our prestigious number four spot. The insurance company was founded in the year 1889 and is said to be linked with Warrent Buffet, the man that made our list of  top 10 richest people in the world.

According to some reports,Warren is said to have improved the company and this has eventually placed it among the leading investment manager conglomerate,engaging in insurance. The company holds high reputation in finance,utilities and energy,rail transportation,manufacturing,services and retailing through subsidiaries.

They have been known for years to provide primary insurance which also includes reinsurance of properties and casualty risks.

The company was founded in the year 1889.

3. China Life Insurance

As the name spells “Life Insurance.” CLI is one of China’s largest state-owned insurance and financial companies.

The are major key players in the Chineese capital market.The company had originated in the year 1949 as per
the time the people’s insurance company of china was formed,

It was later renamed as China Insurance Company in 1999 and was restructured in 2003 as China Life Insurance group.

They have several divisions such as, investment holdings, property and casulty,asset management,pension plans,life insurance and overseas operations.

2. Zurich Insurance Group

Success stories are not just fabricated but they are earned. Zurich is outstanding when it comes to the insurance realm.Zurich is an insurance company with its headquarters in Switzerland. The company was said to be fouded in the year 1972 and operates in about
one hundred and seventy (170) countries world wide. No wonder it earned the second spot in our list.

In the year 2015, they had a total revenue of about $60.568billion.They have an employee of over fifty five thounsand (55,000).

Alot of things have contributed to their success story but i will just leave it here so you don’t get so much in a haste for the number one spot.

1. AXA

AXA is a French multinational insurance firm that has its headquarters in the 8th arrondissement of Paris. They engage in investment management,global insurance and other financial services.

The company’s current ceo is Thomas Buberl and was founded by Claude Bebaear in 1982. With a total of one hundred and sixty six employees, the company prides itself as one of the world’s leading insurance company.

Just before i wrap this up, the company was said to have acquire the non-life insurance operations of HSBC in Mexico and had reported a revenue of about 99billion euros for fiscal year in the year 2015.

More interesting fact about them, come back for more.