Revealed – 2024 best insurance companies
Revealed – 2024 best insurance companies | Insurance Business Asia
Insurance News
Revealed – 2024 best insurance companies
Lists span life, home, and car insurance
Insurance News
By
Terry Gangcuangco
Forbes has published its 2024 global lists of the best insurance companies for home, car, and life insurance.
Explaining its process in producing the rankings, Forbes noted: “To create these lists, Forbes partnered with Statista for the second year in a row and surveyed more than 45,000 consumers in 15 countries between late January and mid-March.
“All participants were required to have held at least one insurance policy – homeowners’, auto, or life – in the past three years, and were asked if they would recommend their insurer to others. Respondents were also asked about their satisfaction and loyalty to their insurance company, and to evaluate the insurer based on such criteria as the advice employees offered, customer service, price performance, transparency, and damage service.
“Survey responses were analysed and scored, and the companies with the highest scores in their countries made our final lists. In all, a total of 298 companies ranked on at least one list – 160 in auto, 130 in homeowners’, and 145 in life – while 31 earned a spot on all three lists. Some companies even made all three lists in multiple countries, including AXA, which nabbed a spot on all three lists in both Germany and Italy; and Allianz, which ranked in every category in both Germany and Brazil.”
Home insurance
Best home insurance companies – Forbes
Country
1st for women
South Africa
AAA Insurance
United States
Acuity Insurance
United States
AFR Insurance
United States
Ageas Group
Belgium
Ageas UK
United Kingdom
Aioi Nissay Dowa Insurance
Japan
Alberta Motor Association
Canada
Alfa Insurance
United States
Allianz
Germany
Allianz Brasil
Brazil
Allstate
United States
American Family Insurance
United States
American National Group
United States
Amica
United States
Argenta
Belgium
Arkansas Farm Bureau Insurance
United States
a.s.r.
Netherlands
Assurances du Crédit Mutuel
France
Auto-Owners Insurance
United States
Aviva Canada
Canada
AXA Deutschland
Germany
AXA Assicurazioni
Italy
AXA Korea
South Korea
Bajaj Allianz General Insurance
India
Banque populaire
France
BCAA
Canada
Belfius Direct Verzekeringen
Belgium
Beneva
Canada
Bradesco Seguros
Brazil
Budget Insurance
Republic of South Africa
CAA Insurance
Canada
Cattolica Assicurazioni
Itaaly
Centraal Beheer
Netherlands
Chubb
United States
Co-op
United Kingdom
COUNTRY Financial
United States
Covea Insurance
United Kingdom
DB Direct Insurance
South Korea
Debeka
Germany
Desjardins
Canada
DEVK
Germany
Direct Assurance
France
DVV verzekeringen
Belgium
Encompass Insurance
United States
esurance
United States
Farm Bureau Financial Services
United States
Farm Bureau Insurance of Tennessee
United States
Generali Group
Italy
Generali Seguros
Spain
Germania
United States
GMF Assurances
France
Gore Mutual
Canada
Gothaer
Germany
Hausbesitzer-Versicherung
Germany
HDFC ERGO General Insurance
India
HUK-COBURG
Germany
HUK24
Germany
ICICI Lombard General Insurance
India
Industrial Alliance
Canada
Intact Financial
Canada
Interpolis
Netherlands
JA Kyousai
Japan
KB Insurance
South Korea
KBC
Belgium
Klaverblad Verzekeringen
Netherlands
Kokumin Kyousai co-op
Japan
Lemonade
United States
Liberty
[South Africa]
Liberty Seguros
Brazil
Lloyds Bank
United Kingdom
LV= General Insurance
United Kingdom
MAAF Assurances
France
MACSF
France
MAIF
France
MAPFRE Brasil
Brazil
MAPFRE España
Spain
Meritz Fire & Marine Insurance
South Korea
Momentum
South Africa
Mutua Madrileña
Spain
Mutuelle de Poitiers Assurances
France
Nationwide Building Society
United Kingdom
NFU Mutual
Unnited Kingdom
Nh1816
Netherlands
NJM Insurance Group
United States
North Carolina Farm Bureau
United States
NYCM Insurance
United States
OHRA
Netherlands
One Call Insurance
United Kingdom
Oriental Insurance
India
OUTsurance
South Africa
Penn National Insurance
United States
Porto Seguro
Brazil
Promovendum
Netherlands
Promutuel Assurance
Canada
Provinzial Versicherung
Germany
RAA
Australia
RAC Australia
Australia
RACT
Australia
RACV
Australia
Rakuten General Insurance
Japan
RSA
United Kingdom
Safety Insurance
United States
Saga
United Kingdom
Samsung Fire & Marine
South Korea
Seguros Lagun Aro
Spain
Shelter Insurance
United States
SNS
Netherlands
Sony Assurance
Japan
Sparkassen DirektVersicherung
Germany
Sparkassen Versicherung
Germany
State Farm
United States
Suravenir Assurances
France
Tata AIG General Insurance
India
Texas Farm Bureau Insurance
United States
The Hartford
United States
Thélem Assurances
France
Unicredit Allianz Assicurazioni
Italy
UnipolSai Assicurazioni
Italy
Univé
Netherlands
USAA
United States
Versicherungskammer Bayern
Germany
VHV Group
Germany
West Bend Mutual Insurance
United States
Westfield Insurance
United States
WGV Versicherung
Germany
Youi
Australia
zlm
Netherlands
Zurich Group Germany
Germany
Zurich Vida
Spain
Motor insurance
Best motor insurance companies – Forbes
Country
1st for women
South Africa
21st Century Insurance
United States
AAA Insurance
United States
ABN AMRO
Netherlands
Absa
South Africa
ACKO General Insurance
India
ACM Insurance
Belgium
Acuity Insurance
United States
AIG Japan
Japan
Alfa Insurance
United States
Allianz
Germany
Allianz Brasil
Brazil
Allianz Direct Deutschland
Germany
Allianz Direct Italia
Italy
Allianz Direct Nederland
Netherlands
Allianz Nederland
Netherlands
American Family Insurance
United States
American National Group
United States
Amica
United States
ANWB
Netherlands
Arkansas Farm Bureau Insurance
United States
Assurances du Crédit Mutuel
France
Auto & General
South Africa
Auto-Owners Insurance
United States
Aviva
United Kingdom
Aviva Canada
Canada
AXA Deutschland
Germany
AXA Assicurazioni
Italy
AXA Korea
South Korea
AXA MPS
Italy
AXA UK
United Kingdom
Bajaj Allianz General Insurance
India
Banque populaire
France
BBVA Allianz
Spain
BCAA
Canada
belairdirect
Canada
Bluefire
United States
Bradesco Seguros
Brazil
Budget Insurance
South Africa
Budget Insurance UK
United Kingdom
CAA Insurance
Canada
Caixa Seguradora
Brazil
Cattolica Assicurazioni
Italy
Centraal Beheer
Netherlands
Chubb
United States
Cincinnati Insurance Company
United States
Co-op
United Kingdom
ConTe.it
Italy
COUNTRY Financial
United States
Debeka
Germany
Desjardins
Canada
Dial Direct Insurance
[South Africa]
[Discovery]
[South Africa]
die Bayerische
Germany
DVV verzekeringen
Belgium
E.design
Japan
Encompass Insurance
United States
ERGO
Germany
Farm Bureau Financial Services
United States
Farm Bureau Insurance
United States
Farm Bureau Insurance of Tennessee
United States
Federale Verzekering
Belgium
Florida Farm Bureau Insurance
United States
Future Generali India
India
General Accident Car Insurance GB
United Kingdom
Generali Deutschland
Germany
Geoffrey Insurance
United Kingdom
GMF Assurances
France
Hanwha General
South Korea
HDFC ERGO General Insurance
India
Hollard Insurance
Australia
HUK-COBURG
Germany
ICICI Lombard General Insurance
India
Indiana Farm Bureau Insurance
United States
Industrial Alliance
Canada
Intact Financial
Canada
Interpolis
Netherlands
Intesa Sanpaolo
Italy
Italiana Assicurazioni
Italy
Itzehoer
Germany
JA Kyousai
Japan
KB Insurance
South Korea
KBC
Belgium
Kotak General Insurance
India
Kyoei Fire & Marine Insurance
Japan
LCL
France
Liberty Seguros
Brazil
LV= General Insurance
United Kingdom
LVM Versicherung
Germany
MACIF
France
MACSF
France
MAIF
France
Manitoba Public Insurance
Canada
MAPFRE Brasil
Brazil
MAPFRE España
Spain
Meritz Fire & Marine Insurance
South Korea
Mitsui Direct General Insurance
Japan
Mitsui Sumitomo Insurance
Japan
Momentum
South Korea
Mutua Madrileña
Spain
Mutuelle de Poitiers Assurances
France
NFU Mutual
United Kingdom
Nh1816
Netherlands
NJM Insurance Group
United States
North Carolina Farm Bureau
United States
NYCM Insurance
United States
OHRA
Netherlands
Old Mutual
South Africa
One Call Insurance
United Kingdom
Optimco
Belgium
OUTsurance
South Africa
Policy Expert
United Kingdom
Porto Seguro
Brazil
Provinzial Versicherung
Germany
RAA
Australia
RAC UK
United Kingdom
RACT
Australia
RACV
Australia
Rakuten General Insurance
Japan
RBC Insurance
Canada
Royal Sundaram General
India
Safety Insurance
United States
Saga
United Kingdom
Saison Automobile & Fire Insurance
Japan
Samsung Fire & Marine
South Korea
Santam
South Africa
SBI General Insurance
India
SeguarCaixa Adeslas
Spain
Seguros Catalana Occidente
Spain
Sheilas’ Wheels
United Kingdom
Shelter Insurance
United States
Signal Iduna
Germany
Sparkassen Versicherung
Germany
State Farm
United States
Suhai
Brazil
Suravenir Assurances
France
Swinton Insurance
United Kingdom
Tata AIG General Insurance
India
The Co-operators
Canada
The Hartford
United States
Thélem Assurances
France
Tokio Marine & Nichido Fire Insurance
Japan
Tokio Marine Seguradora
Brazil
Tua Assicurazioni
Italy
UnipolSai Assicurazioni
Italy
Univé
Netherlands
Universal Sompo General Insurance
India
USAA
United States
Versicherungskammer Bayern
Germany
Virginia Farm Bureau Mutual Insurance
United States
West Bend Mutual Insurance
United States
Westfield Insurance
United States
Württembergische
Germany
Youi
Australia
Zenith Insurance
United Kingdom
zlm
Netherlands
Zurich Italia
Italy
Zurich Japan
Japan
Zurich Santander Brasil
Brazil
Zurich Seguros
Brazil
Life insurance
Best life insurance companies – Forbes
Country
1st for women
South Africa
5 Star Life
United States
AAA Life
United States
Abanca
Spain
ACKO General Insurance
India
Aflac
United States
AFLAC Japan
Japan
AFR Insurance
United States
Ageas Group
Belgium
AIA Australia
Australia
AIA Korea
South Korea
Alfa Insurance
United States
Allianz
Germany
Allianz Australia
Australia
Allianz Brasil
Brazil
Allianz France
France
Allstate
United States
Allstate Canada
Canada
American-Amicable Life Insurance
United States
American Family Insurance
United States
American International Group
United States
Americo Life
United States
Argenta
Belgium
a.s.r.
Netherlands
Assupol
South Africa
Auto-Owners Insurance
United States
AXA Deutschland
Germany
AXA España
Spain
AXA Assicurazioni
Italy
AXA MPS
Italy
Bajaj Allianz Life
India
Bharti AXA
India
Boston Mutual Life Insurance
United States
Canada Life
Canada
Cattolica Assicurazioni
Italy
Centraal Beheer
Netherlands
Cincinnati Insurance Company
United States
Colonial Life
United States
Coop Kyousai
Japan
COUNTRY Financial
United States
DB Life
South Korea
Dela
Netherlands
DELA Belgique
Belgium
Desjardins
Canada
DEVK
Germany
DLV – Deutsche Lebensversicherung
Germany
DVV verzekeringen
Belgium
Empire Life
Canada
Farm Bureau Financial Services
United States
F&G
United States
Fidelity Investments
United States
Foresters Financial
Canada
Fubon Hyundai Life
South Korea
Fukoku Mutual Life Insurance
Japan
Geico
United States
Generali Group
Italy
Generali Seguros
Spain
Gerber Life
United States
Globe Life
United States
GPM Life
United States
Groupama Italia
Italy
Hanwha Life
South Korea
HDFC Life
India
HUK-COBURG
Germany
ICICI Prudential Life Insurance
India
Industrial Alliance
Canada
Interpolis
Netherlands
JA Kyousai
Japan
John Hancock
United States
KB Life Insurance
South Korea
KBC
Belgium
Kokumin Kyousai co-op
Japan
Kotak Life
India
Kyobo Life Planet Life Insurance
South Korea
LCL
France
Legal & General Group
United Kingdom
Liberty Seguros
Brazil
Lifenet Insurance
Japan
LV= General Insurance
United Kingdom
LVM Versicherung
Germany
MACIF
France
MACSF
France
MAIF
France
Manulife
Canada
Manulife Japan
Japan
MAPFRE España
Spain
MassMutual
United States
Max Life Insurance
India
Mediolanum Vita
Italy
MetLife Australia
Australia
MetLife Korea
South Korea
Mirae Asset Life Insurance
South Korea
Mitsui Sumitomo Aioi Life Insurance
Japan
Modern Woodmen of America
United States
Mutual of Omaha
United States
National Life
United States
Nationwide Mutual Insurance
United States
Nedbank Insurance
South Africa
New York Life
United States
Nissay Wealth Life Insurance
Japan
NongHyup Life Insurance
South Korea
Northwestern Mutual
United States
OUTsurance
South Africa
Pacific Life
United States
Physicians Mutual
United States
Prudential Financial
United States
Prudential Life
Japan
Reale Mutua
Italy
Royal London
United Kingdom
Samsung Life
South Korea
Sanlam
South Africa
Santa Lucía Seguros
Spain
Sara Assicurazioni
Italy
SBI Life
India
Scottish Widows
United Kingdom
Security Mutual Life
United States
Signal Iduna
Germany
Sony Life Insurance
Japan
Sparkassen Versicherung
Germany
Star Union Dai-ichi Life Insurance
India
State Farm
United States
SulAmérica
Brazil
Sun Life Canada
Canada
SunLife
United Kingdom
Symetra
United States
Taiyo Life Insurance Co
Japan
TAL
Australia
TATA AIA Life Insurance
India
TD Insurance
Canada
The Co-operators
Canada
The Neo First
Japan
Thrivent
United States
Tokio Marine & Nichido Life Insurance
Japan
Tokio Marine Seguradora
Brazil
Transamerica
United States
UnipolSai Assicurazioni
Italy
Univé
Netherlands
USAA
United States
Versicherungskammer Bayern
Germany
WoodmenLife
United States
Württembergische
Germany
Zurich Australia
Australia
Zurich Italia
Italy
Zurich Life Insurance Japan
Japan
Zurich Seguros
Brazil
The Forbes rankings are on a country basis. In Japan, the best home insurance company is Kokumin Kyousai co-op; car, Kyoei Fire & Marine Insurance; and life, Prudential Life.
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