Top 10 Insurance Companies in the World 2017

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5. Ping An

Ping An Insurance was founded in 1988. It is headquartered in Shenzhen, China.


Image: company website

Ping An is headed by Ma Mingzhe with a dynamic workforce of more than 275,000 employees. Ping An mainly provides Life and non-life insurances, banking and financial services, and it is mainly serving China segment, Hong Kong and Macau.

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Ping An has three subsidiaries Ping An Bank, Ping An Securities, Ping An Trust.

The insurance division continues to rise the business value with the number of insurance sales agents exceeding 1 million. Ping An also leads the industry in terms of assets on trusted and assets under investment management. The banking sector of Ping An maintained a stable growth with increased operating efficiency.

Ping An has been continuously getting attention of big companies such as HSBC which has around 18% stake in Ping An. Ping An in April 2016 announced to buy Tommee Tippee which is owned by U.K.’s Mayborn Group. Ping An has also taken over Shanghai Jahwa, which is China’s prestigious state-owned cosmetics maker.

Ping An has received many awards for its performance in various sectors. It won the Best trust Company awards from Financial news, Most influential Trust Company Awards from The Economic Observer and also the most Competitive Trust company from National Business Daily in China.

Revenue: 85.915 $Bn

Net Earnings: 11.972 $Bn



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