The top 25 largest insurance companies in the world, by net premiums written (NPW) and non-banking assets, have been revealed by global rating agency A.M. Best.
US-based health insurance giant, United Health Group Incorporated, has claimed the top spot by NPW for the fourth year running, with $158.8 billion (about AU$220.2billion) in 2017. Allianz SE was crowned the world’s largest insurer by non-banking assets, moving up two places in the 2017 rankings and bumping MetLife Inc. down to fifth position. MetLife’s fall was advanced by a large reserve charge in 2017, related to its group annuity business to compensate for unpaid benefits.
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