Leading insurance companies worldwide 2019, by total assets

Allianz proved to be the largest insurer worldwide in 2019, with total assets worth approximately 815 billion U.S. dollars. It was also one of the leading insurance brands globally.

The insurance industry

Insurance is the transfer of the risk of a possible loss from one entity to another in exchange for payment. Insurance is a form of risk management used to ensure some degree of financial security in the face of uncertain loss. The person or institution that purchases the insurance from the insurance company is known as the insured or the policyholder. The amount of money charged to this organization or individuals for the insurance coverage is known as the premium. The value of life insurance premiums in the U.S. have been rising since 2011. The practice which determines the level of risk and therefore the premium for the coverage is carried out as part of the risk management processes; the appraising and controlling of the risk.

If a major event occurs, a natural disaster for example, then insurers must pay out. It may be the case the insurer has many insured entities, and has a high level of exposure. This is why insurance involves pooling funds from many different sources in order that funds are sufficient to pay for the losses that may occur in some cases. In order that risk may be shared and some of the financial burden may be divided, insurance companies often transfer some of the risk to reinsurers, who purchase insurance from the insurance company. This passing of the risk allows insurers to issue policies with higher limits than would otherwise be allowed, making it able to take on more risk because of the displacement of the risk that has been passed on to the insurer.

Largest insurance companies worldwide in 2019, by total assets

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Release date

July 2020



Survey time period


Special properties

as of December 31, 2019

Supplementary notes

*as of March 31, 2019.
Figures have been rounded.
All figures were published in the 2019 annual reports of the respective companies. Figures from non-US companies were converted to U.S. dollars on July 29, 2020.

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Statistics on "Allianz Group"

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