Because of these pressures, insurers continue to closely monitor their people, processes, systems, and markets in order to find competitive advantages. In the midst of this, they also face potentially major changes to accounting standards, capital requirements, and regulation that may affect their business for years to come.
The good news for consumers? In a competitve environment, insurance industry players have to lower their premiums and offer better coverage and policies.
|Rank||Company||Market Value (Billions)|
|1||China Life Insurance||118.74|
|2||Ping An Insurance Group||52.80|
|7||Zurich Financial Services||34.71|
|9||China Pacific Insurance||32.21|
|12||The Travelers Companies||27.26|
|15||Tokio Marine Holdings||22.29|
|17||QBE Insurance Group||19.74|
|22||Sun Life Financial||16.24|
Rankings Source: Forbes
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