20 Largest Insurance Companies in the World by Market Cap

20 Largest Insurance Companies In The World By Market Cap

The 20 Biggest Global Insurance Companies by Market Cap will be covered in this post. You may skip our industry analysis and get straight to the list of the five largest international insurance companies.

A total of 105 insurers will appear on the Forbes Global 2000 List in 2022, making the insurance industry one of the major economic sectors in the world economy. The pandemic, according to McKinsey, had a significant influence on the insurance sector: premium growth, which was more than 4% per year between 2010 and 2020, decreased to around 1.2% in that year. Additionally, earnings decreased by 15% at the same period.

The Allianz Global Insurance reported that premiums rose globally by 5.1% throughout the year, indicating that the sector rebounded in 2021. According to the International Association of Insurance Supervisors, the sector’s overall assets were $44 trillion in 2021 compared to $38 trillion in liabilities. The Russian invasion of Ukraine and its effects on gas and oil prices, the severe drought in areas of the globe that produce food, and high inflation all had an influence on consumer choices about insurance in 2022. Even if the final figures are not yet available, Allianz forecasts a 4.8% rise in worldwide insurance premiums in 2022.

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