Top 20 Largest Insurance Companies in the World (2025) – Forbes Global Ranking
Are you searching for the largest insurance companies in the world in 2025? This updated Forbes Global Ranking brings you the top 20 international insurance giants based on revenue, market cap, and global presence. Whether you’re an investor, policyholder, or just curious, this guide reveals the world’s most powerful and reliable insurance firms dominating the industry in 2025.
Why Global Insurance Companies Matter
With rising global risks, from natural disasters to healthcare challenges, insurance companies play a vital role in providing financial protection. The biggest insurance brands are not just large—they are trusted pillars of the global economy. In this list, we look at life, health, property, and casualty insurance leaders worldwide.
Top 20 Insurance Companies in the World (2025)
1. Berkshire Hathaway Inc. (USA)
Keywords: Berkshire Hathaway insurance, largest insurer in USA
Warren Buffett’s Berkshire Hathaway leads the global insurance space through subsidiaries like GEICO and General Re. Known for strong underwriting and diversified business, it’s the most valuable insurance group in the U.S.
2. Ping An Insurance Group (China)
Keywords: Ping An China, Asian insurance company
Ping An is Asia’s largest insurer, combining traditional insurance with cutting-edge technology and banking services. Its AI-based claim systems are world-renowned.
3. Allianz SE (Germany)
Keywords: Allianz insurance, top European insurer
Headquartered in Munich, Allianz serves over 100 million customers in more than 70 countries. It’s a top player in both property and life insurance markets.
4. AXA Group (France)
Keywords: AXA global insurance, best insurance company in Europe
AXA offers a wide range of insurance and asset management products. Its strong digital presence and international expansion make it a key global player.
5. UnitedHealth Group (USA)
Keywords: health insurance USA, UnitedHealth ranking
As the largest health insurance provider globally, UnitedHealth merges healthcare services with insurance, leading innovation in patient care and coverage.
6. Life Insurance Corporation of India (LIC)
Keywords: LIC India, government life insurance
LIC is India’s biggest life insurer, trusted by millions for decades. Its IPO and public listing have enhanced its global financial reputation.
7. China Life Insurance (China)
Keywords: China Life, Chinese life insurance company
One of China’s top life insurance companies, China Life is government-owned and offers both individual and group insurance plans nationwide.
8. Zurich Insurance Group (Switzerland)
Keywords: Zurich insurance, Swiss insurance company
A trusted name in over 210 countries, Zurich provides general, life, and commercial insurance solutions backed by strong financials.
9. Munich Re (Germany)
Keywords: Munich Re, top reinsurance company
Known globally for reinsurance, Munich Re helps other insurance firms manage risk and offers innovative solutions for climate-related claims.
10. Chubb Limited (Switzerland)
Keywords: Chubb property insurance, multinational insurer
Chubb is the world’s largest publicly traded property and casualty insurance company, with operations in more than 50 countries.
11. Cigna Corporation (USA)
Keywords: Cigna health insurance, US insurance providers
Cigna is a global health service provider focused on medical, dental, and supplemental insurance products, serving over 180 million customers.
12. AIA Group Limited (Hong Kong)
Keywords: AIA Asia insurance, life insurance in Asia
AIA focuses on life and health insurance across Asia-Pacific. Known for its long-term savings and protection plans, it’s one of the fastest-growing insurers.
13. MetLife Inc. (USA)
Keywords: MetLife insurance, life insurance USA
A century-old brand, MetLife offers personal and corporate insurance policies with a strong presence in North and South America, Europe, and Asia.
14. Generali Group (Italy)
Keywords: Generali Europe insurance, Italian insurance
Generali is a top-tier insurer in Europe and operates in over 50 countries. It has a solid base in life, health, and property insurance.
15. Tokio Marine Holdings (Japan)
Keywords: Japanese insurance company, Tokio Marine
Founded in 1879, it’s one of the oldest and largest insurance firms in Asia. Known for strong corporate insurance offerings worldwide.
16. AIG – American International Group (USA)
Keywords: AIG insurance, global risk management
AIG offers life, retirement, and general insurance services. It has a large global presence with a strong focus on risk management solutions.
17. Elevance Health (USA)
Keywords: Elevance insurance, Anthem rebranding
Formerly Anthem Inc., Elevance Health is focused on transforming health insurance services in the U.S. with better outcomes and digital care platforms.
18. Progressive Corporation (USA)
Keywords: Progressive auto insurance, top car insurer
Progressive is a household name in the U.S. for auto insurance. It’s gaining traction in home and commercial insurance as well.
19. ING Group (Netherlands)
Keywords: ING insurance, Netherlands financial group
ING provides integrated banking and insurance services across Europe. Its focus on digital transformation keeps it competitive in modern finance.
20. Intesa Sanpaolo Assicura (Italy)
Keywords: Italian insurance, Intesa Sanpaolo
Part of one of Italy’s largest banking groups, this insurer offers comprehensive financial protection, primarily focused on the Italian market.
Final Thoughts
These top 20 insurance companies are not only the largest by financial metrics, but also leaders in innovation, customer service, and digital transformation. Whether you’re looking for life insurance, health coverage, or property protection, these global players represent safety, trust, and reliability in 2025.