Top 10 Insurance Companies
The top 10 insurance companies are on the one hand; they make up the bulk of the market. They have a great number of customers, and their products and services are accepted almost everywhere. From China to Europe and everywhere in between, most insurers operate online. All that makes them vulnerable when it comes to a business recession.
The top 10 insurance companies in the world are as follows: Standard & Poor's, Moody's, A.M. Best, Fleet Street Research, Lakshmi Niwas, Utilities, The Street, CRIS, Dealogic, Epsilon Financial and Dun & Bradstreet. If we just looked at these names one by one we'd get a very long list, which you will never see used in an article like this, and none of these are local businesses. That's because they're all international corporations. Some are regionalized, but most are globalized. That's why it's important to understand them, and what makes them unique.
Let's start with Standard & Poor's. Their credit rating is one of the best in the industry. They have good financial stability, and stable finances. The last thing they want is a run for the mill competitor. Standard & Poor's has consistently ranked well throughout the industry for the last number of years. They are the top 10 insurance companies listed on the MSCI index.
A.M. Best is the largest financial services company in the world. Their headquarters is located in Chicago. They're a nationwide leader in insurance and other types of financial services. Their home business offers insurance underwriting and risk management, capital investments, insurance products, life and health insurance, and other insurance services. They're headquartered in New York.
If you were to list the top 10 insurers in the world with MSCI's assets, equity, and market capitalization, this is what you would have. This is what you would expect from an insurer with a long history and a well-rounded product portfolio. Wellness, too, is another quality to consider when viewing these top 10 insurers. Wellness Enterprises is focused on wellness and wellbeing as their core business. They are a growth company, having spent time growing their client base in Europe and Asia as well as the United States.
An insurance company that fits this bill is Allianz Worldwide Insurance. They are a market cap mutual fund and asset value investors that also offer many different types of standard and preferred provider organization (PPO) plans. They use a system of contracts to allow customers the choice between a traditional PPO and a managed care plan. They also offer many standard and preferred provider organizations (SIPs) and have a strong customer service reputation. Their other offerings include market and fixed rate specialty risk programs.
The fourth most common insurer is AM Best, which is rated in the upper half of the industry scale. They are recognized as an "A" graded investment with a stable stock price and a management team that provide investors with significant buying power. AM Best is the largest AMEX investor. They also have prudential and other financial products and services that fit this profile.
The fifth-ranking insurer is MetLife. They provide a variety of individual and group health insurance coverage products and services. MetLife is the financial services and insurance company that have had a great deal of success in building financial products for senior citizens. Other offerings from this company include group disability insurance and human resources products.
The sixth-ranking insurer is Mutual Life. They offer a variety of individual and family health insurance products and services. The company was named one of the "Top 10 Best Value Stocks" by Investor's Business Daily. They are also recognized as one of the "Top 50 Insurance Companies". They have financial products and services that fit into this category.
The seventh-ranking insurer is Met Life, which was named as one of the "Fifty Best Small Companies in the Insurance Industry" by Forbes Magazine. Their focus is on the development of medical technologies and they provide their customers with a comprehensive range of health care products and services. Financial products and services are also offered by this company including mutual funds, deposit accounts, money market and bond dealers. Most of their insurance products are insured and sold outside of the United States.
The ninth-ranking company is Geico, which was named as one of the "Best Places to Buy Auto Insurance" by Money Magazine. This company offers automobile coverage for both motorists and owners of fleet vehicles. They also specialize in commercial vehicle insurance for businesses such as trucking companies. The auto insurance companies listed here offer diverse products and services to meet the needs and requirements of their customers.