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;

  1. Total Non Banking Assets held by an insurance company in 2012

  2. 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

 

2012 ASSET RANK

2011 ASSET RANK

AMB NUMBER

COMPANY NAME

COUNTRY OF
DOMICILE

2012 TOTAL
NON-BANKING ASSETS USD (000)

% 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
States

836,781,000

5.09

5

5

058182

Prudential Financial Inc

United States

709,298,000

14.36

6

6

090826

Nippon Life
Insurance Company

Japan

585,858,789

7.82

7

9

085124

Assicurazioni Generali S.p.A.

Italy

583,898,541

4.42

8

10

086120

Legal &
General Group Plc

United
Kingdom

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
plc

United
Kingdom

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
Insurance Group Ltd

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
Insurance (Group) Company

China

366,053,313

17.82

21

20

090828

Meiji Yasuda Life Insurance Company

Japan

351,316,227

11.28

22

21

086577

Munich
Reinsurance Company

Germany

341,500,248

4.35

23

24

086112

PREDICA-Prevoyance Dialogue du Credit

France

307,739,372

2.20

24

23

058707

Hartford
Financial Services Group Inc

United
States

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
DOMICILE

2012 NET PREMIUMS
WRITTEN USD (000)

% CHANGE*

1

1

085085

AXA S.A.

France

106,427,371

4.37

2

2

058106

UnitedHealth
Group Incorporated1

United
States

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
Insurance Co., Ltd.

Japan

68,836,419

-5.47

7

9

086577

Munich Reinsurance Company

Germany

66,319,993

4.80

8

058182

Prudential
Financial Inc

United
States

65,354,000

168.94

9

12

052446

China Life Insurance (Group) Company

China

58,719,710

4.01

10

10

020013

State Farm
Group2

United
States

57,617,962

1.88

11

7

090826

Nippon Life Insurance Company

Japan

56,978,881

-0.41

12

13

070936

Kaiser
Foundation Group of Health Plans3

United
States

56,781,093

5.96

13

11

058180

WellPoint Inc.

United States

56,567,400

0.50

14

18

085925

Prudential
plc

United
Kingdom

47,540,387

16.33

15

15

086976

Zurich Insurance Group Ltd

Switzerland

47,495,000

8.81

16

8

090828

Meiji Yasuda
Life Insurance Company

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
Insurance Corporation of India

India

38,380,509

2.85

19

21

058175

MetLife Inc

United States

37,975,000

4.44

20

19

058702

American
International Group, Inc

United
States

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
States

37,009,000

5.42

23

24

058334

Berkshire Hathaway Inc

United States

35,727,000

8.57

24

086446

Ping An Ins
(Group) Co of China Ltd

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 +97150-2285405, or write to me by clicking here

Financial Adviser Dubai

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