A.M. Best Company is a global credit rating agency with a unique focus on the insurance industry. It has rated World’s Largest Insurance companies based on 2 important parameters;
- Total Non Banking Assets held by an insurance company in 2012
-
Total Net premiums written by the company in the year 2012.
For the benefit of the residents in UAE, I would like to highlight the presence of the following companies on the lists;
- Generali International – Operating as Generali UAE and providing regular and lump-sum savings plan in the UAE
- Zurich International Life Ltd – Providing life insurance and savings products in UAE
- Metlife Inc – Offering both savings and investments in UAE
- AXA S.A – Operating as AXA Gulf, and offering General Insurance in UAE
- Life Insurance Corporation – operating as LIC international, offering Life Insurance and investment in UAE
|
012 ASSET RANK |
2011 ASSET RANK |
AMB NUMBER |
COMPANY NAME |
COUNTRY OF |
2012 TOTAL |
% CHANGE* |
|
1 |
1 |
090527 |
Japan Post Insurance Co., Ltd. |
Japan |
960,710,306 |
-3.44 |
|
2 |
2 |
085085 |
AXA S.A. |
France |
951,705,253 |
5.03 |
|
3 |
3 |
085014 |
Allianz SE |
Germany |
865,621,706 |
8.78 |
|
4 |
4 |
058175 |
MetLife Inc |
United |
836,781,000 |
5.09 |
|
5 |
5 |
058182 |
Prudential Financial Inc |
United States |
709,298,000 |
14.36 |
|
6 |
6 |
090826 |
Nippon Life |
Japan |
585,858,789 |
7.82 |
|
7 |
9 |
085124 |
Assicurazioni Generali S.p.A. |
Italy |
583,898,541 |
4.42 |
|
8 |
10 |
086120 |
Legal & |
United |
559,899,457 |
6.06 |
|
9 |
8 |
058702 |
American International Group, Inc |
United States |
548,633,000 |
-0.80 |
|
10 |
7 |
090906 |
National Mut Ins Fed Agricultural Coop |
Japan |
544,270,168 |
6.36 |
|
11 |
11 |
085909 |
AVIVA plc |
United Kingdom |
516,312,146 |
2.23 |
|
12 |
15 |
085925 |
Prudential |
United |
501,617,050 |
13.75 |
|
13 |
12 |
066866 |
Manulife Financial Corporation |
Canada |
487,708,590 |
5.21 |
|
14 |
13 |
085244 |
Aegon N.V. |
Netherlands |
483,934,772 |
6.01 |
|
15 |
16 |
086056 |
CNP Assurances |
France |
466,810,721 |
10.04 |
|
16 |
14 |
085143 |
ING Verzekeringen N.V. |
Netherlands |
449,230,913 |
1.33 |
|
17 |
18 |
058334 |
Berkshire Hathaway Inc |
United States |
427,452,000 |
8.86 |
|
18 |
19 |
086976 |
Zurich |
Switzerland |
409,267,000 |
5.76 |
|
19 |
17 |
091251 |
Dai-ichi Life Insurance Co Ltd |
Japan |
379,074,645 |
6.65 |
|
20 |
22 |
052446 |
China Life |
China |
366,053,313 |
17.82 |
|
21 |
20 |
090828 |
Meiji Yasuda Life Insurance Company |
Japan |
351,316,227 |
11.28 |
|
22 |
21 |
086577 |
Munich |
Germany |
341,500,248 |
4.35 |
|
23 |
24 |
086112 |
PREDICA-Prevoyance Dialogue du Credit |
France |
307,739,372 |
2.20 |
|
24 |
23 |
058707 |
Hartford |
United |
298,513,000 |
-1.35 |
|
25 |
26 |
085485 |
Life Insurance Corporation of India |
India |
284,755,860 |
9.58 |
|
* |
Percent change is based upon local currency |
And the net written premium table is here:
|
2012 PREMIUM RANK |
2011 PREMIUM RANK |
AMB# |
COMPANY NAME |
COUNTRY OF |
2012 NET PREMIUMS |
% CHANGE* |
|
1 |
1 |
085085 |
AXA S.A. |
France |
106,427,371 |
4.37 |
|
2 |
2 |
058106 |
UnitedHealth |
United |
99,728,000 |
8.42 |
|
3 |
4 |
085014 |
Allianz SE |
Germany |
88,230,150 |
4.03 |
|
4 |
5 |
085124 |
Assicurazioni Generali S.p.A. |
Italy |
83,398,971 |
0.13 |
|
5 |
6 |
090906 |
National Mut Ins Fed Agricultural Coop |
Japan |
74,142,362 |
10.53 |
|
6 |
3 |
090527 |
Japan Post |
Japan |
68,836,419 |
-5.47 |
|
7 |
9 |
086577 |
Munich Reinsurance Company |
Germany |
66,319,993 |
4.80 |
|
8 |
… |
058182 |
Prudential |
United |
65,354,000 |
168.94 |
|
9 |
12 |
052446 |
China Life Insurance (Group) Company |
China |
58,719,710 |
4.01 |
|
10 |
10 |
020013 |
State Farm |
United |
57,617,962 |
1.88 |
|
11 |
7 |
090826 |
Nippon Life Insurance Company |
Japan |
56,978,881 |
-0.41 |
|
12 |
13 |
070936 |
Kaiser |
United |
56,781,093 |
5.96 |
|
13 |
11 |
058180 |
WellPoint Inc. |
United States |
56,567,400 |
0.50 |
|
14 |
18 |
085925 |
Prudential |
United |
47,540,387 |
16.33 |
|
15 |
15 |
086976 |
Zurich Insurance Group Ltd |
Switzerland |
47,495,000 |
8.81 |
|
16 |
8 |
090828 |
Meiji Yasuda |
Japan |
39,080,177 |
-29.28 |
|
17 |
16 |
091251 |
Dai-ichi Life Insurance Co Ltd |
Japan |
38,729,345 |
3.03 |
|
18 |
17 |
085485 |
Life |
India |
38,380,509 |
2.85 |
|
19 |
21 |
058175 |
MetLife Inc |
United States |
37,975,000 |
4.44 |
|
20 |
19 |
058702 |
American |
United |
37,717,000 |
-1.13 |
|
21 |
… |
085320 |
People’s Ins Co (Group) of China Ltd |
China |
37,105,330 |
11.42 |
|
22 |
23 |
058052 |
Humana Inc.1 |
United |
37,009,000 |
5.42 |
|
23 |
24 |
058334 |
Berkshire Hathaway Inc |
United States |
35,727,000 |
8.57 |
|
24 |
… |
086446 |
Ping An Ins |
China |
35,086,824 |
12.32 |
|
25 |
22 |
052662 |
MS&AD Insurance Group Holdings, Inc. |
Japan |
34,069,332 |
7.61 |
To know more about Insurance companies in UAE, please call me on +97155-7701792, or write to me on damodhar.mata@nexusadvice.com.
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