The Insurance Sector is much endowed with some of the major corporates of the world. Most of these function in various countries through forming Joint Ventures taking advantage of the local establishments while some also function on an independent level. The list of top insurance companies includes big names like Berkshire Hathaway, AXA and Ping AN. MetLife, ING Group, Japan Post Holdings & Prudential Financial are some of the other prominent insurance companies along with Generali, Prudential PLC and Nippon Life Insurance, which complete the list. Here is the list of the top 10 insurance companies in the world in 2016 which is based on revenues and assets.
10. Nippon Life Insurance
The organization was established in Japan on July 4, 1889 as Nippon Life Insurance Co Ltd & is one of the most recognized names in the insurance industry.
Image: company website
It is just the second biggest life coverage organization in Japan just behind Japan Post Holdings Co Ltd. It is likewise referred to by different names, for example, Nissay or Nihon Seimei and the present CEO is Kunie Okamoto, who sits at the organization home office situated at Osaka, Japan.
It representatives 70,783 individuals. It is the greatest shareholder on the Tokyo Stock Exchange and is driven by the witticism "To be a Company that Customers Continue to Trust and Choose".
It is a privately owned business which guarantees and offers life coverage giving a scope of speculation choices to its clients to look over. The offerings to people and additionally organizations incorporate entire life, term life, hospitalization, medicinal, growth, enrichment, adolescent protection furthermore altered sum annuities. It goes past the protection business by giving speculation alternatives as well as gives monetary administrations, for example, credits, securities and land venture. The organization experienced major basic redesign in 1947 when it turned into Japan's first Life Insurance organization to wind up a shared life organization. It was likewise one of the most punctual to acquaint the idea of make-with request to protection items by offering the client the alternatives to look over installment on development or on death of the life guaranteed which conveyed to it enormous development amid the 1960s.
The organization just as of late in March 2016 caught a noteworthy stake (49%) in an Indian protection huge player Reliance Life. The organization from this time forward being known as Reliance Nippon Life Insurance Company. Aside from that the organization has additionally gained generous stake in Reliance Capital Management subsequently giving its always expanding arrangement of items to individuals over the world. The organization has comparative arrangements to build stake in different nations also including Australia, in this manner advancing on the way of inorganic development nearby significant natural development.