5 Prime Insurance Companies

Insurance companies are key players in the global financial market. The access of digital platforms in the insurance companies has paved the way for fraud challenges. According to Finance and Banking Market Research Reports, insurance companies are today adopting technologies like automation, cashless hospitalization, quick clearance,  AI/ML and blockchain in areas of claims processing, online applications, online premiums and many more. Hence the insurance market is reformulated to meet today’s standards.

Here are some of the Leading insurance companies:

Berkshire Hathaway

Company founded in 1839  is one of the oldest companies in the world which is a conglomerate of business including insurance, energy, retailing, manufacturing, investments in rail transportation, services, utilities, and finance. It maintains its reserves strength at exceptionally high levels, which differentiates them from their competitors.

AXA

Located in at least 56 countries, AXA is characterized in Life, Protection Health, and P&C commercial line segments. It also has its mark in banking, investment, asset management, and other financial branches.

Allianz Insurance

Established in 1890, the company has a large customer database across 70 countries.  Allianz has ranked among the Forbes Global 2000 list in the year 2018. It is the major P&C insurer worldwide and comes in the top five in the Life/Health insurance business. 

Japan Post Holdings

It is the topmost Japanese insurance company. It possesses post offices which are present in almost all part of the country for nationwide network accessibility and reach to individuals and households. 

China Life Insurance

It is one of the youngest insurance company which has cope up with the running pace of the other insurance companies. It has launched almost 20 technological applications to improve customer service and operation works.

The insurance industry is very dynamic. Various technologies are hitting the market and changing the way companies used to work. Various Insurance market research reports are analyzing emerging technological trends and redefining their ways of operation.

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