Insurance Company in The World, You Must Know This

Thefilosofi.com – Do you know what is insurance? Insurance is a legal agreement between two parties i.e. the insurance company (insurer) and the individual (insured). In this, the insurance company promises to make good the losses of the insured on happening of the insured contingency.

The contingency is the event which causes a loss. It can be the death of the policyholder or damage/destruction of the property. It’s called a contingency because there’s an uncertainty regarding happening of the event. The insured pays a premium in return for the promise made by the insurer.

So, how insurance work? The insurer and the insured get a legal contract for the insurance, which is called the insurance policy. The insurance policy has details about the conditions and circumstances under which the insurance company will pay out the insurance amount to either the insured person or the nominees.

Insurance is a way of protecting yourself and your family from a financial loss. The insurance company takes this risk of providing a high cover for a small premium because very few insured people actually end up claiming the insurance.

This is why you get insurance for a big amount at a low price. Any individual or company can seek insurance from an insurance company, but the decision to provide insurance is at the discretion of the insurance company. The insurance company will evaluate the claim application to make a decision. Generally, insurance companies refuse to provide insurance to high-risk applicants.

This time I will provide some of the best insurance companies in the world based on information that I get from several sources. Are you curious about that company? see the following information below.

Best Insurance Company in The World

1. Berkshire Hathaway (BRK.A)

Revenue (TTM): $279.2 billion
Net Income (TTM): $35.8 billion
Market Cap: $549.0 billion
1-Year Trailing Total Return: 3.3%
Exchange: New York Stock Exchange

2. Ping An Insurance (Group) Co. of China Ltd. (PNGAY)

Revenue (TTM): $155.0 billion
Net Income (TTM): $17.5 billion
Market Cap: $230.8 billion
1-Year Trailing Total Return: 9.0%
Exchange: OTC

3. AXA SA (AXAHY)

Revenue (TTM): $112.4 billion
Net Income (TTM): $3.3 billion
Market Cap: $55.7 billion
1-Year Trailing Total Return: -9.1%
Exchange: OTC

4. China Life Insurance Co. Ltd. (LFC)

Revenue (TTM): $111.1 billion
Net Income (TTM): $7.2 billion
Market Cap: $64.0 billion
1-Year Trailing Total Return: -9.0%
Exchange: New York Stock Exchange

5. Allianz SE (ALIZY)

Revenue (TTM): $97.5 billion
Net Income (TTM): $7.7 billion
Market Cap: $98.0 billion
1-Year Trailing Total Return: -3.4%
Exchange: OTC

Those are some of the best insurance companies in the world based on the information we get from various sources. for more information, you can check in Here. If you find this information helpful, share this information so that others will find out too.

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