Following are the largest insurance companies in the Asia-Pacific region ranked by total assets. Ping An Insurance (Group) Company of China, Ltd (or Ping An of China) is the largest insurer in Asia with approximately 120 million customers and 275,000 employees. The company reported premium income of CNY 172.898 billion (US$26 billion) for the first half of 2016. The six of the top 10 largest insurance companies are Japanese institutions.
Rank | Company | Country | Total Assets, US$b | Date |
1 | Ping An Insurance | China | 787.678 | 30.06.2016 |
2 | Japan Post Insurance | Japan | 787.230 | 30.06.2016 |
3 | Nippon Life Insurance Company | Japan | 688.306 | 30.06.2016 |
4 | Zenkyoren (JA-Kyosairen) | Japan | 572.472 | 31.03.2016 |
5 | Dai-Ichi Life Insurance | Japan | 483.345 | 30.06.2016 |
6 | China Life Insurance | China | 390.693 | 30.06.2016 |
7 | Meiji Yasuda Life Insurance Company | Japan | 376.885 | 30.06.2016 |
8 | Life Insurance Corporation of India | India | 322.002 | 31.03.2016 |
9 | Sumitomo Life Insurance Company | Japan | 312.706 | 30.06.2016 |
10 | Cathay Financial Holding | Taiwan | 241.478 | 30.06.2016 |
11 | Samsung Life Insurance | South Korea | 222.927 | 30.06.2016 |
12 | Tokio Marine Holdings | Japan | 214.012 | 30.06.2016 |
13 | MS&AD Insurance Group | Japan | 192.993 | 30.06.2016 |
14 | Fubon Financial | Taiwan | 190.542 | 30.06.2016 |
15 | AIA Group | Hong Kong | 180.839 | 31.05.2016 |
16 | China Pacific Insurance | China | 148.252 | 30.06.2016 |
17 | T&D Holdings | Japan | 144.334 | 30.06.2016 |
18 | New China Life Insurance | China | 103.525 | 30.06.2016 |
19 | Sony Financial | Japan | 101.452 | 30.06.2016 |
20 | Sompo Japan Nipponkoa Holdings | Japan | 98.237 | 30.06.2016 |
21 | Shin Kong Financial | Taiwan | 94.423 | 30.06.2016 |
22 | Hanwha Life Insurance (1) | South Korea | 90.537 | 30.06.2016 |
23 | Fukoku Mutual Life Insurance Group | Japan | 81.054 | 31.03.2016 |
24 | Suncorp Group | Australia | 71.523 | 30.06.2016 |
25 | PICC Property & Casualty | China | 68.202 | 30.06.2016 |
26 | China Taiping Insurance | Hong Kong | 65.503 | 30.06.2016 |
27 | Samsung Fire & Marine Insurance | South Korea | 57.565 | 30.06.2016 |
28 | Asahi Mutual Life Insurance Company | Japan | 53.997 | 30.06.2016 |
29 | QBE Insurance Group | Australia | 43.273 | 30.06.2016 |
30 | Hyundai Marine & Fire Insurance | South Korea | 30.517 | 30.06.2016 |
31 | Dongbu Insurance | South Korea | 28.101 | 30.06.2016 |
32 | KB Insurance (2) | South Korea | 24.502 | 30.06.2016 |
33 | Insurance Australia Group | Australia | 22.432 | 30.06.2016 |
34 | HDFC Life | India | 11.520 | 30.06.2016 |
The exchange rate on June 30, 2016.
1 - It was formerly known as Korea Life Insurance Company.
2 - The company was formerly known as LIG Insurance and changed its name to KB Insurance in 2015.