Insurers use actuariar
science to calculate the risks they anticipate. Using actuarial sciences
mathematics, especially statistics and probability, which can be used to
protect the risk of forecasting future claims with reliable accuracy. For
example, many people buy homeowners insurance policies and then they pa
premiums to insurance companies. When a protected loss occurs, the insurers
must pay a claim. For some insured, the insurance benefits they received are
much larger than the money they have paid to the insurer. Others may not make a
claim. If averaged from all policies sold, the total claims paid out lower than
the total premium paid to the insured, with the difference is the cost and
profit.
Insurance companies also
get benefit from investments. This is derived from the premium investments receive
until they have to pay claims. This money called “ float “ insurers can gain
profit or loss from the price of float change as well as interest or dividend
on the float. In the united states , the loss of property and deaths recorded
by insurance companies was around US $142.3 billion in the five years ended in
2003. But total profits in the same period were around US $ 68.4 billion, as a result of float.
With insurance, the bad
things that happen to you, the cost will be covered by insurance. Today there
are many insurance companies that claim to provide solution to the problems we
face, but there are only 10 insurance companies that have been recognized as
the top insurance companies in 2017. Here is the full list.
1.
AXA
The name
of AXA insurance company is undoubtedly the top insurance company by 2017. The
company has attracted 102 million people from 56 countries in the world to its
customers. Employees alone recorded as many as 157,000 people. If you are
looking for an insurance company, AXA is the right choice. AXA is a french
insurer with a head office in Paris. AXA insurance company is engaged in
property, life insurance, and assets. AXA was formed in 1817 where a number of
insurance companies in Paris merged and formed AXA. Currently AXA has spread
across countries such as Africa, North America, South America, Asia pacific,
Europe and the Middle East.
2.
Zurich
Insurance
Zurich Insurance, from the name you should be able to guess where the origin of this insurance. Zurich Insurance was founded in 1872 under the full name of Zurich insurance Group. Zurich is the largest insurance company in Switzerland and already has 170 branches spread across several countries. Zurich insurance has a very wide coverage. They are ready to cover cost such as health, accident, product, property, and other fields related to humans. Not only individuals who choose Zurich insurance as insurance, a number of large and multinational companies also choose Zurich as the most reliable insurance.
3.
China Life Insurance
China Life
Insurance company headquartered in Beijing, china is often abbreviated as LFC.
Is the largest insurance company in the country of bamboo. Has a very important
role in china as an institutional investor. China Life insurance started to
stand in 2003. China Life insurance can help people who need help in terms of
life insurance, pension plans, asset management, property, accidents,
investment ownership, and overseas operations. The name China Life Investment
has been listed on the New York Stock Exchange, the Hong Kong Stock Exchange,
the Shanghai Stock Exchange, and has a number of investment in the Boston Waterfront Project.
4.
Berkshire
Hathaway Insurance (BHI)
Berkshire
Hathaway insurance was first established in 1889 with is head office located in
Omaha, United States. Still remember you with Warren buffet which is one of the
10 richest people in the world at 2015? Well he is the CEO or Berkshire
Hathaway. In the hand of Buffet, BHI can be made into one of the top insurance
companies in the world. This company is the choice of many world conglomerates.
BHI is ready to help people or companies who need help with property and
accidents.
5.
Prudential
plc
In
Indonesia the name prudential is no longer the name of a foreign company, there
are already enough people from prudential who offer insurance services to many
people. Prudential was first established in 1848 in England. Currently
Prudential headquarters can be found if you visit London. Prudential has many
Customers spread across several continents such as Asia, America, Britain and
Africa. Prudential has 24 million subscribers with a total employee reaching
22,308. Prudential has an impressive asset value of £509bn.
6.
United Health
Group
If talking about which insurance can support health cost, it is the United Health Group. Headquartered in Minnesota, USA, United Health group is the most trusted insurance company of many people especially in America if it wants to get guarantee in the health field. United Health Group has to 2 business platform. United health Care which focuses on health benefits and optum for health services. Both platform work together and have served more than 85 million peolple in America and 125 countries worldwide. United Health Group uses all shorts of experience and resources to help with health problems.
7.
Munich Re
group.
First established in 1880, Munich Re helps people cover all the necessary costs. As one of the top insurance companies in the world, Munich Re has branches in 30 countries around the world focusing in Asia and Europe. It has its headquarters in Munich, Germany. This German insurance company has had employees as many as 45,000 people spread all over the world. Munich Re Group can be trusted as an insurance than can cover health expenses, accident, motor vehicles, property, aviation, and natural disasters such as fire. In 2015, Munich Re earned a profit of around 3.1 billion euros.
8.
Assicurazioni Generali S.p.A (AG)
9.
Japan Post
Holding Co., Ltd
10.
Allianz SE
