Insurance
Funny things about insurance is, we buy it and hope we never use it. Nobody want to sick , everybody know that sickness is something inevitable. So people buy insurance, and hopefully, never use it.
Nowdays
This time, the cost of treatment is very high. Without health insurance, a person could spend a very great when experiencing sickness. So the health insurance become indispensable.
Sometimes people criticize how rich the insurance industry, and how the glamor lifestyle of the agent and the top brass. How great of commission generated. However, when insurance is needed, they, critics would shut up.
Insurance Business Got Very Rich
The reason why insurance business make it people and industry rich is simple, the insurance product buyer, will try so hard to not use the insurance. Example, the car owner, buy the best car insurance , the best injury insurance, and Always safety driving.
Because to survive, to life instinct our DNA. Its in our blood :D
TOP 10 Biggests Insurance by Revenue
According to revenue (in million US Dollar) , there are 10 biggest insurance in the world, source : www.iii.org
Rank | Company | Revenues | Country | Industry |
---|---|---|---|---|
1 | Berkshire Hathaway | $194,673 | U.S. | Property/casualty |
2 | AXA | 161,173 | France | Life/health |
3 | Allianz | 136,846 | Germany | Property/casualty |
4 | Japan Post Holdings | 129,686 (2) | Japan | Life/health |
5 | Assicurazioni Generali | 118,871 | Italy | Life/health |
6 | Prudential plc | 98,976 | U.K. | Life/health |
7 | China Life Insurance | 87,249 | China | Life/health |
8 | Ping An Insurance | 86,021 | China | Life/health |
9 | Legal & General Group | 84,805 | U.K. | Life/health |
10 | Munich Re | 81,685 | Germany | Property/casualty |
I just see the data above, and know that Berkshire Hathaway is the biggest insurance company in the world. Berkshire name is so identical with warren buffet. A legendary investor this time.
Also Shocking, 2 or 10 biggest insurance is came from china, China Life Insurance and Ping An Insurance.
May this information is usefull for you,
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