It is undeniable, currently insurance companies are one of the promising business fields. This is due to people's awareness of their diverse needs, which is the main factor for this one financial product to be increasingly in demand. However, not all insurance products are owned by the public. However, there are several such as health insurance, travel insurance, to vehicle insurance, which are still the prima donna. These three insurance products are more often offered at once by an insurance company. The matter of premiums also varies, of course it will adjust to the financial condition of its customers.
Keep in mind, there are a number of the largest insurance companies in the world. Almost all of them have branch offices in Indonesia. Because these insurance programs are aimed at long-term finance, it would be better if you choose insurance services from an insurance company that has clear quality and meets the criteria as the best insurance in the world.
It should be noted that in choosing the best insurance, of course, you can't only look at the premium side, but also pay attention to how big the company's network is. Because, by looking at how big the company is, it can ensure the opportunity to guarantee compensation for compensation to its customers. Here are the 11 best insurances in the world 2021, who are they?
1. Berkshire Hathaway
Country of origin: United States
Year of establishment: 1839
Headquarters: Omaha, Nebraska, United States
Key characters: Warren Buffet, Charlie Munger
Revenue: US$223.60 billion (2016)
Total assets: US$620.85 billion (2016)
First, there is the largest insurance company in the world which is already quite well known, namely Berkshire Hathaway. Headquartered in Omaha, United States, this insurance company founded by Oliver Chace has a net profit of up to IDR 7,334 trillion. The profit itself is obtained not only from insurance sales, but also investments made in various business products such as transportation, property, to manufacturing.
2. Ping An Insurance
Country of origin: China
Year of establishment: 1988
Headquarters: Shenzhen, China
Key character: Jessica Tan
Revenue: US$13.9 billion (2019)
Total assets: US$1.1 trillion (2019)
This insurance was founded in 1988, Ping An Insurance has been trusted to manage the insurance funds of Chinese citizens with a market capitalization of US$130.9 billion. Headquartered in Shenzhen, Guangdong, one of its leaders is Ma Mingzhe.
3. UnitedHealth Group
Country of origin: United States
Year founded: 1977
Headquarters: Minnetonka, Minnesota
Key characters: Richard T. Burke, Stephen J. Hemsley
Revenue: US$184.8 billion (2016)
Total assets: US$122.8 billion (2016)
Besides Ping An Insurance, this insurance company based in the United States is also the best insurance company in the world in 2021. Its estimated net profit reaches Rp. 3,156 trillion. In addition, UnitedHealth Group Inc. also offers a wide variety of health insurance products, for individuals, retirees, the elderly, families, office employees, and military soldiers.
4. China Life Insurance
Country of origin: China
Year founded: 1949
Headquarters: Beijing
Key characters: Dairen Lin, Yang Minsheng
Income: –
Total assets: US$362.1 billion (2015)
The next best insurance company in the world in 2021 is China Life Insurance. The largest life insurance company in the PRC, to date has held 45 percent of the country's market with total assets of around USD 580.33 billion. Its success in registering large assets has helped make China Life included in Fortune's Global 500 version, at number 51.
5. Allianz
Country of origin: Germany
Year of establishment: 1890
Headquarters: Munich
Key characters: Oliver Bate, Helmut Perlet, Maximilian Zimmerer
Revenue: €95.76 billion
Total assets: €848.9 billion
Then, another best insurance company in the world in 2021 is Allianz Insurance. The company, which has its head office in Munich, Germany, is already well-known in various countries, including Indonesia. It should be noted that in Indonesia alone, the total net profit obtained by PT Asuransi Allianz Life is Rp. 1.17 trillion. Its profit value continued to increase by 48.66 percent year on year, which was also supported by investment income of Rp. 2.48 trillion.
6. AIA Financial
Country of origin: Hong Kong
Year founded: 1919
Headquarters: Shanghai, China
Key characters: Cornelius Vander Starr
Income: –
Total assets: US$284 billion
Besides Allianz, the next included in the list of the best insurance companies in the world is AIA Financial. Founded in 1919, this insurance company which also operates in Indonesia, was first established in Singapore and is headquartered in Hong Kong until now. Its total net profit reached Rp 1,025 trillion in the second quarter of 2020. For information, the net profit obtained by AIA Financial itself moved up by Rp. 763 billion compared to the same period last year, which was only Rp. 262 billion.
7. AXA
Country of origin: France
Year founded: 1817
Headquarters: Paris
Key Character: Thomas Buberl
Revenue: €98.53 billion (2015)
Total assets: €887.07 billion (2015)
AXA S.A has also been recognized as one of the largest insurance companies in the world. This insurance was founded in 1816 ago. This global insurance company based in France has a net profit of around 1.4 billion euros. However, the profit earned in fact experienced a drastic decline of up to 39 percent due to a decrease in assets and claims related to the corona virus. Thus, his party again revised the company's growth target while canceling the distribution of dividends to each shareholder.
8. Prudential Plc
Country of origin: England
Year of establishment: 1848
Headquarters: London
Key characters: Paul Manduca
Revenue: £71.842 billion (2016)
Total assets: -
Next up, there is Prudential Plc. This company is a financial services company based in London. In 2020, the company was able to record a net profit of around USD 2.18 billion. It should be noted that in Indonesia, Prudential under the company name PT Prudential Life Assurance has managed to record assets of Rp 65.3 trillion as of the first quarter of 2020.
9. Anthem, Inc
Country of origin: United States
Year of establishment: 2004
Headquarters:
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