Top 5 Insurance Companies in the World 2014

Financial companies provide a variety of services to the customers. However, some of the biggest financial services which individuals seek is insurance for thir families, property, and even life. Here is a list of top 10 insurance companies in the world in 2014 based on their Market Capitalization (measured in USD for 1st quarter 2014).

1) Berkshire Hathaway

Berkshire Hathaway Inc. is an American multinational conglomerate, headquartered in Omaha, Nebraska, United States. It provides insurance services both on a primary basis and a reinsurance basis. Its insurance and reinsurance businesses are conducted through domestic and foreign based insurance entities. The group includes companies like GEICO, General Re, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group. As per Forbes list, Berkshire Hathaway is world’s 5th largest public company.

The company is known for its control by investor Warren Buffet, who transformed the earlier textile company into the insurance industry and other investments. Berkshire ventured into the insurance business after purchase of National Indemnity Company. In 1970, it acquired an equity stake in Government Employees Insurance Company (GEICO), which forms the major part of the insurance business for Berkshire today. It mainly offers private passenger automobile insurance through direct response methods. Berkshire acquired General Re in 1998, which conducts global reinsurance business in property/casualty and life/health for the group. Berkshire acquired NRG, Dutch life Reinsurance Company from ING Group in 2007. Berkshire Hathaway reinsurance provides bond insurance for municipal and state bonds.

Revenues (FY13): $ 182 Billion

Net Profit (FY13): $19.5 Billion

Market Cap (Q1-14): $308 Billion

2) China Life Insurance Company 

China Life Insurance Company and its subsidiaries form the largest commercial insurance group in Mainland China. It is also one of the largest institutional investors in China’s Capital market. Company headquartered in Beijing is one of the large state-owned financial and insurance companies. Company founded as PICC in 1996 was renamed as China life Insurance Company in 1999. The China Life Insurance Group holds China life insurance Company Limited, China Life Asset Management Company limited, China Life Property & Casualty Insurance Company Limited, China Life Pension Company Limited, China Life Insurance (Overseas) Company Limited, China Life Investment Holding Company Limited, and Insurance professional college as its subsidiaries.

Its business covers life insurance, property & casualty insurance, pension plans (corporate annuity), asset management, industrial investment and overseas operations. The Company operates through 3 segments: Individual Life Insurance, Group Life Insurance and Short Term Insurance. The Individual Life Insurance segment provides lifetime insurance products to individual clients by offering participating and non-participating life insurance and annuities to individuals. The Group Life Insurance segment offers insurance and investment contracts to group entities by offering participating and non-participating life insurance and annuities products to companies and institutions. The Short-term Insurance segment offers short-term accident insurance and health insurance to individuals and groups. The company ranks at 66 in the Forbes global 2000 list for 2014.

Revenues (FY13): $ 67.9 Billion

Net Profit (FY13): $4 Billion

Market Cap (Q1-14): $80 Billion

3)  Allianz SE

Allianz SE is a German multinational financial services company headquartered in Munich. The company was founded in 1890, with product portfolio of marine and accident policies. With operations in more than 70 Countries, it employs more than 1, 48,000 people worldwide. The company is ranked 27 in Forbes Global 2000 list, with rank of 77 for World’s most valuable brands for 2014.

Its services include property and casualty insurance, life and health insurance and asset management, with customer base of around 83 million. Allianz is leading property-casualty insurance provider globally and ranks among the top five in life/health insurance business. It offers private individual insurance including family insurance, health insurance, car & motorbike insurance, house & home insurance and retirement planning benefits. In business insurance category, it serves large corporations, small and medium sized companies and provides credit insurance. Its asset management division looks after fixed income products, stocks & commodities, and multi-assets and absolute return. Global lines of business provide reinsurance, employee benefits, company health insurance, direct insurance, life insurance and real estate.

Revenues (FY13): $ 127.2 Billion

Net Profit (FY13): $8 Billion

Market Cap (Q1-14): $76.8 Billion

4)  American multinational Insurance Corporation

American multinational Insurance Corporation is an American multinational, headquartered in New York, US. AIG serves in more than 130 countries, with around 64000 employees globally. The company is a provider of property casualty insurance, life insurance and retirement services, and mortgage insurance. The company operates through two segments: AIG Property Casualty and AIG Life and Retirement. The AIG Property Casualty segment provides insurance products for commercial, institutional and individual customers. The AIG Life and Retirement segment provides life insurance and retirement services in the United States.

AIG is the largest underwriter of commercial and industrial insurance in United States. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. Its personal insurance business includes Motor Insurance, Travel Insurance, Health & Accident Insurance, and Lifestyle Insurance. For Corporates, it offers Fire & Special Permits, Burglary & Personal Accident, Employee benefits, Electronic & other equipment related Insurance products & services. In addition, for large corporates, it provides Travel, Fire & Engineering, Marine Cargo, Financial lines & Casualty Insurance products. TATA AIG also provide rural insurance scheme. The company is ranked 42 in the Forbes’s Global 2000 list.

Revenues (FY13): $ 68.7 Billion

Net Profit (FY13): $9.1 Billion

Market Cap (Q1-14): $72.3 Billion

5)  Ping An Insurance Company

Ping An Insurance Company of China is an insurance and financial services company, headquartered in Shenzhen. It is a holding company, with subsidiaries Ping An Life Insurance Company of China, Ping An Property and Casualty Insurance Company of China, China Ping An Insurance Overseas Holding and Ping An Trust & Investment Company. Ping An had a total of 24 subsidiaries including Ping An Life, Ping An Property & Casualty, Ping An Annuity, Ping An Bank, Ping An Securities, Ping An Trust and Ping An UOB fund. Ping An Insurance is ranked 62 in the Forbes 2000 list for 2014.

The company operates through the segments: Life Insurance, Property & Casualty, Banking, Securities and Corporate. The Life Insurance segment offers life insurance products such as term, whole-life, endowment, annuity, investment-linked, universal life, and healthcare insurance. The Property & Casualty Insurance segment offers insurance products, including automobile, non-automobile, and accident and health insurance. Ping An’s vision is to become China’s leading integrated financial services provider.

Revenues (FY13): $ 69 Billion

Net Profit (FY13): $4.6 Billion

Market Cap (Q1-14): $65.6 Billion

 

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Different Types of Auto Insurance

Automobile insurance is that the preferred and most bought insurance within the USA. The country has far more car than folks and lots of States build it law that folks ought to have insurance. With such a large amount of folks tightened insurance it'll perpetually be best to be told regarding the assorted aspects of motorized vehicle insurance. this text can concentrate on the six differing types of insurance.

 Bodily Injury Liability is associate contract that covers drivers of another automotive. If the policy holder is in associate accident and another driver is hurt then the medical prices are lined by bodily injury liability This in the main edges policy holder as he doesn't got to worry regarding being sued.

 The Medical Payments or Personal Injury Protection (PIP) sum of money is near the bodily Injury liability mentioned higher than. The distinction between the tow is that the proven fact that the policy holder associated associated passengers square measure lined within the case of an accident. this suggests they're entitled to own their medical bills, loss of wages and even death is roofed.

Under Property injury Liability insurance policy, the insurance firm can cowl the value of repairs to the opposite party's automotive within the event of associate accident. With this coverage the opposite individual's damages are bought by the insurance firm, whereas the policy holder would got to procure his own injury from his own pocket.

 The Collision contract is one among the foremost common and least expensive car insurance policies offered. With collision the insurance firm can pay for the injury or repairs if another driver crashes into you. This sometimes needs drivers to own a deductible and once the deductible is paid, the insurance firm can pay for the remainder.

Comprehensive coverage is another in style policy for motorized vehicle house owners. With comprehensive coverage the automotive is roofed from a large array of things. The automotive are shielded from hearth, felony acts of God and collision with different vehicles.

 Policyholders ought to pay a monthly deductible. Once this can be paid within the event of associate accident, the insurance firm can cowl the remainder. in the event that somebody with no insurance crashes into you, then uninsured and Underinsured driver Coverage can cowl the prices of the injury sustained by the motive force. If it happens to be a case wherever it had been successful and run, then the policy holder are protected.

 Understanding car insurance makes it easier if you propose on buying within the future. you have got checked out Bodily Injury Liability, Medical Payments or Personal Injury Protection (PIP), Property injury Liability, Collision, Comprehensive, uninsured and Underinsured driver Coverage. In analyzing every policy we tend to get to examine what every one should provide. In doing therefore it permits the potential vendee of insurance to own the simplest data offered for creating the selection on their car .

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Search for low cost aautomotive vehicle Insurance Quotes and do not Break the Bank With Automobile insurance Company

When it involves obtaining your automotive insured, you'll hear individuals talking concerning rates that ar over 100 greenbacks a month. If you're like most, that's very high, nearly to the purpose of unaffordable. It doesn't ought to be this manner. What several celebrity insurance corporations don't tell you is that the truth there ar many ways to urge cheaper automobile insurance. looking on the net for {affordable} motorcar insurance quotes is Associate in Nursing indirect thanks to realize affordable and cheaper motorcar insurance corporations.

When you have a teen kid, getting a automotive (new or used) can entail obtaining that vehicle insured. several folks need the teenager to pay money for the extra insurance, because it will cause a further burden on the family finances. Some families can even value more highly to place the kid on a separate insurance thus their own rates won't go up. There are, however, many ways to offset the extra value creating it thus keeping your family safe won't break the bank.

Discounts

One of the most effective ways in which to lower the automobile insurance bill is by accumulating discounts. Families that add the kid and automotive onto their set up can discover they're eligible for a multi-car discount. If the kid may be a sensible driver, with no traffic infractions, then which will more drive down the speed of the automobile insurance premiums. Finally, as a further incentive to stay grades on top of a C, students are eligible for a further sensible student discount on several insurance plans. If your agent doesn't tell you concerning it, ask them. If they are doing not supply it, take into account a unique company.

Car Details

Unbelievably, the vehicle you buy can confirm the premiums charged. whereas this now not includes the colour, it will embody the create and model. what's taken into thought with insurance premiums is that the worth of the automotive, the fashion of the vehicle (sports cars), and if the vehicle may be a model that's unremarkably purloined.

You can combat those payment hikes, however. First, you'll be able to purchase a second user automotive. The older cars can have lower premiums, even as your insurance premiums drop as your automotive ages. Secondly, you'll be able to install anti-theft devices in your vehicle. Devices like On Star can facilitate recover your vehicle if it's purloined, and insurance corporations ar less doubtless to be out cash. If you park the automotive during a garage, then you'll wish to create positive that you just tell the underwriter that. Vehicles that ar shielded from the weather and during a bolted location ar less doubtless to be broken or purloined.

Finally, with the addition of safety devices on the automotive, you'll see insurance rates drop. Air luggage and seat belts ought to all work, and ones that mechanically lock after you shut the door ar ideal. this needs the motive force to be buckled in, which can facilitate them stay safer within the event of Associate in Nursing accident. Studies have shown that fewer individuals die because the results of Associate in Nursing automobile accident after they ar properly restrained and also the air luggage deploy.

Classes

A teenager will lower their insurance premiums by merely taking a driver's education course through a accredited faculty and complete a defensive driving course. you'll wish to create positive you have got documentation showing that the kid has completed the courses with success, so as to own very little drawback receiving the discounts. Again, if your current underwriter doesn't supply advantages for taking courses, you'll wish to rethink whom your automobile insurance is thru.

Teens that ar learning a way to drive can create mistakes. it's similar to something that you just learn. These mistakes, however, may be pricey once it involves vehicle insurance. limiting the number the teenager drives till they're more matured may be a thanks to facilitate them scale back the quantity of accidents. additionally, the less miles placed on the vehicle can cause the insurance rate to be lower.

What you have got on your automobile insurance can mirror what proportion you pay. If you would like to lower your automobile insurance premium, be willing to pay slightly a lot of if there's Associate in Nursing accident. If the vehicle is just too previous to be price something within the event of a wreck, take away the collision and comprehensive coverage. ensure that you just ar alert to your vehicle's price before creating these changes, as some cars could also be price quite you're thinking that.  

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The New Term insurance Plans VS the recent Term insurance Plans

Your call to research more into the "new" term insurance plans VS the "old" term insurance plans. within the following paragraphs, i'll disclose the explanations why this data may gain advantage your family financially, and provides you peace of mind and probably prevent a good deal of cash. do not we have a tendency to all want that?

The first and foremost reason why it should be of nice profit to you to appear into the "new" term insurance plans, is that folks live longer. This has caused the "mortality tables" that insurance firms use to calculate rates, to point out a lower range of deaths per thousand at the various ages of individuals within the mortality tables, that consequently has caused lower term insurance rates, owing to the shriveled risk to the Insurance firms, create sense?

Another reason, is that there square measure some firms out here that square measure currently as well as "living benefits" within the "new" term insurance policies, at no extra cost! These advantages embrace access to a number of your face quantity if you must return down with essential or chronic diseases, like attack, stroke, cancer, etc. which might cause you to be unable to perform two of half dozen of the "activities of daily living", like Feeding, Bathing, Transferring, Toileting, Dressing, Continence. If a medical doctor diagnoses that you simply cannot perform any 2 of the activities listed, you may be able to access greenbacks from your "new" term policy, to purchase home care or medical care, you see, the check is shipped on to you, the owner of the policy. this suggests that if you like a loved one to require care of you, your want is granted. This coverage can't be known as "long term care" insurance but. however you choose if it's similar or not.

A lot of individuals are paying for separate policies for essential and chronic care, and it's up to the individual on whether or not they still carry these forms of policies, as a result of if you wish to access your term face quantity, it'll after all cut back the insurance collectible at your death. however a minimum of the "new" insurance plans provide you with a selection, the "old" ones solely pay if you die, period.

So I hope you'll be able to see why it's to your profit to induce a comparison, you have got nothing to lose. you'll be able to even request the comparison on-line. a close comparison will be sent by e-mail Associate in Nursingd there's extremely no ought to have an agent visit you unless that's your want, and that is not what most folks want for!

However, once you have got an opportunity to envision what proportion cash you'll be able to save, what proportion a lot of coverage you'll be able to offer for your family, and the way more living advantages you'll be able to receive, it'll be value some time to appear it over!  

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How To Save Time once putting off A life assurance Policy and acquire info

There square measure many ways that you simply may use to avoid wasting time once eliminating a life assurance policy. it'd conjointly rely on the sort of policy within which you'd invest. Whichever one you decide on, the purpose is that it runs for a amount. a number of these are: a term life policy or a whole-of-life policy. The term life policy would make sure that you get some cash out of the deal before you die. it always contains a amount of 5, 10 or fifteen years. The whole-of-life policy which will disburse at any time you expire. However, there's continually a desire for a life assurance policy.

You need to search out the correct tools to create your life assurance policy a prospect. however does one save time once eliminating a life policy? a number of the tools you may create use of are:

 the {various|the numerous} websites that will gather info for you from various sites and compile the data in order that you'll be able to compare it.
    These sites square measure ready to calculate your insurance value and canopy for you, further as your premiums. you'd even be ready to see what cowl you'd be ready to get for the premium you'd be paying.
 you would like to contemplate what quite life policy it'd be: a term life policy or a whole-of-life policy.

Following ways that to make sure that you simply save time once eliminating a life assurance policy, is vital. a number of the ways in which you may try this is to try to to the following:

 make sure that you get quotes from as several places as you'll be able to. These embody banks (especially if you have already got a mortgage in place), comparison sites, and alternative existing lenders with that you have already got policies, brokers, or freelance monetary advisers.
 confirm that you simply browse the fine print, in order that you've got all the data on what's encircled within the policy.
 don't produce obstruction opportunities. Associate in Nursing example would be to lie relating to your medical fitness. If you are doing have one thing to declare, you'll save yourself and your family tidy sum of your time once it involves the disburse of the policy. a lot of significantly, it'll prevent time lost ought to they ascertain that you simply have Associate in Nursing complaint or that you simply are smoking.
    Check your existing documentation, as this can indicate whether or not you have already got life assurance cowl. it'd so be a waste of your time and cash if you explore for and put off a lot of insurance.
 create use of the thirty day cooling off amount, so as to create doubly certain that you simply square measure creating the correct call.

A vital facet of life assurance, though, is that you simply ought to make sure that you retain it up so far. you would possibly wish to examine what the worth of your cowl would be ought to disburse, and increase it at that time.  

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