Wednesday, March 28, 2018

TOP INSURANCE FIRMS IN DIFFERENT INSURANCE SECTORS OF COVER IN USA

There are various insurance sectors all over the world. As a short insurance definition, we can say, insurance is another name of relief from pain, security, and safety.

In modern times, most of the people of this world are interested in having insurance to lead a tension free or relaxed life. It works as the stress reducer for people. People having insurance for their important things in life get security for that thing. Of course, they have to pay for it but not for the whole. Different insurance sectors contain various types of conditions based on the kind of insurance and the length of it.


When anybody makes an insurance policy, the insurance company takes the responsibility of those insurance products. If the thing damages or gets hampered, the insurer will take the total responsibility under some specific conditions. Today we will discuss biggest insurance companies in the world.

There are thousands of insurance companies disbursed all over the world. The largest insurance company all over the world is American Insurance Group (AIG) which is situated in New York, USA. It is a public organization. It also helps undergraduate programs in investments, actuarial, IT, underwriting and operations. Also, it contains the undergraduate program. At first, AIG was introduced in Shanghai, China and in 1926, its New York office opened. You cannot even imagine how large the company is and how many insurance sectors it contains including industrial insurance, life insurance, home insurance, health insurance and cheap car insurance, etc.

Above I have discussed AIG insurance company. Excluding that, I am going to mention the biggest insurance companies in the world. Let’s do –

Zurich Insurance Group

At first, comes Zurich Insurance Group which is situated in Switzerland and introduced in 1972. It contains more than 55,000 employees and has branches in more than 170 countries.

Berkshire Hathaway

Another insurance company is Berkshire Hathaway. Without insurance policy, it also deals with some other sectors like manufacturing, finance, rail transportation, utilities and energy and so on. It was founded in 1889.

United Health Group

Next, comes United Health Group. It was dignified as “World’s Most Admired Company” by fortune. It works in two sections in 125 countries excluding U.S. with 85 million consumers.

Assicurazioni Generali

Another company name is Assicurazioni Generali. It is a corporation of Italy and founded in 1831. It provides different types of insurance such as health insurance, cheap car insurance, industrial insurance, home insurance, accidents and so on. It has branches in more than 60 countries.

Allianz SE

Allianz SE is the other insurance company from Germany which was introduced in 1890. Its branches are in more than 70 countries. You can know about their insurance premium and apply for insurance.

AXA

AXA in one of the biggest insurance companies in the world founded in 1817 in Paris. It also has branches in some other countries. It has branches in 56 countries with 102 million customers.

China Life Insurance

China Life Insurance is the largest insurance company in China. It is also a world famous company.

Prudential plc

Prudential plc is an international insurance company founded in 1848. It has 24 million customers in U.K., Asia, U.S. and Africa.

Munich Re Group

Munich Re Group was mainly introduced in Europe and Asia and also has branches in other 30 countries. It was started in 1880.

Japan Post Holding Co. Ltd

Japan Post Holding Co., Ltd. is one of the biggest insurance companies in Japan. It works in 4 parts-

Japan Post Bank which deals with banking.
Japan Post Service which works for mail delivery.
Japan Post Insurance that deals with insurance and insurance premium.
Japan Post Network which runs the post offices.
Here we have known about the top insurance sectors all over the world and their area. Before getting involved in an insurance policy, you must know about it apparently. Never be attracted with anyone’s sweet talk. Always know about the scheme properly.

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