Although the worst of the 2008 financial crisis has passed, the insurance industry still faces numerous challenges in 2010. A weak economy is limiting growth opportunities and making capital preservation an ongoing priority for many companies.
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.
These are the top 25 insurance companies in the world:
|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