Revealed – 2024 world’s best insurance companies

Revealed – best insurance companies for 2024

Revealed – 2024 world’s best insurance companies | Insurance Business New Zealand

Insurance News

Revealed – 2024 world’s best insurance companies

Lists span car, home, and life 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



See also  Extreme weather drives school insurance surge in Australia

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



See also  Progressive’s ARX Holding seeks second Bonanza Re cat bond of 2023

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

See also  Conduit Re publishes results for H1 2024



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 the US, the best home insurance company is Texas Farm Bureau Insurance; car, Shelter Insurance; and life, COUNTRY Financial.  

What do you think about this story? Share your thoughts in the comments below.

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!