According to a research by S&P Global Market Intelligence, the Life Insurance Corporation of India (LIC) has successfully maintained its presence as the fourth-largest insurer in the world.
On the basis of the life and accident and health reserves that corporations have for the year 2022, the ranking was determined.
![LIC](https://www.daytodaygk.com/wp-content/uploads/2023/12/lic-1-300x169.png)
LIC
Rank in the world:
- The leader is Allianz SE (Germany), which has $750.20 billion in funds.
- China Life Insurance Company (China): With assets of $616.90 billion, they claim second place.
- The Nippon Life Insurance Company (Japan) is in third place, with $536.80 billion in funds.
- Life Insurance Corporation of India (LIC): LIC is the fourth largest insurer in the world, with $503.7 billion in funds.
Control of a Region
- European Companies: Twenty-one of the top fifty life insurance companies in the world are European companies.
- Leading the list by country, the US has eight life insurance companies based there, making it the country with the most life insurers.
- Following closely behind, the UK takes second place among individual countries with seven companies in the top 50.
Representation of Asians
- Overall, Asian companies make a big impression—they’re ranked 17th out of the top 50 life insurance companies in the world.
- Five companies are based in China and five are based in Japan. These two Asian powerhouses are tied for first place in the area.