If I die, why do I need money? You don't but your family, your business or your favorite charity might- LIFE INSURANCE.
A means of protection from financial loss or a form of risk management is known as Insurance. And insurance helps to prepare for the worst but hope for the best because we face many types of risk and the risk will not only come with pain but also hurts financially. So, insurance is only one way of being prepared for the worst.
In this 21 century, everyone knows about insurance. But in case if you are in search of the best insurance company then you don't need to worry because today we have top 5 insurance companies and here's the list of the insurance companies:
Talking about the beginning of the insurance or distributing risk, it was practiced by Chinese and Babylonian traders. The first Life insurance policies were taken out in the 18th century and the Amicable Society for a Perpetual Assurance Office was the first company to offer life insurance founded in 1706 in London.
A French multinational insurance firm in the 8th arrondissement of Paris which engages in global insurance investment management, AXA is a component of the Euro Stoxx 50 stock market index.
AXA multinational insurance firm, Source: axa.com
With more than 102 million customers in 56 countries and an employee of 157,00o, AXA is the world's leading insurance group. AXA is not an acronym but AXA was chosen as its name can be pronounced easily by people who speak any language.
Zurich Insurance Group is a global insurance company which is organized into three core business segment just like General Insurance, Global Life, and Farmers. And operates services in more than 170 countries.
Zurich Insurance, Source: zurich.com
The company is listed on the 6 Swiss Exchange and almost 54,000 people serving customers in more than 170 countries.
China life is the biggest life insurer in China and has attracted dozens of new competitors after the Chines government. It is the biggest public life insurance company in term of market capitalization in worldwide.
China Life Insurance, Source: chinalife.com
Berkshire is associated with Warren Buffet who has transformed as a mediocre entry into one of the largest companies in worldwide.
Berkshire Hathaway, Source: InvestorPlace
Berkshire provides primary insurance, as well as reinsurance of property and casualty risks. It is now a leading investment manager engaging in insurance.
A British multinational life insurance company was founded in London in 1848. Prudential plc is listed on the stock exchanges of Hong Kong, Singapore, London, and New York and has approximately 22,308 employees worldwide, with assets under management worth £509 billion.
Prudential plc, Source: Seeking Alpha
Here's the end of our discussion about the top five insurance company. We just hope that you enjoyed yourself reading this and the content might help you to choose the best life insurance company for ensuring your life.