Sunday, 16 December 2018

Top insurance company in India

Life Insurance Corporation


Website
www.licindia.in

General Information:

The Life Insurance Corporation of India is an Indian state-owned insurance group and headquartered investment company in Mumbai. It is the largest insurance company in India whose estimate value is ₹ 2,529,390 crores.

Headquarters: Mumbai
Founder: Government of India
Installed: September 1, 56
Owner: Government of India (100%)
Total assets: 25.29 lakh crores (2016, US $ 380 billion)
Role: Insurance
Subsidiary: LIC Card Services, LIC International, LIC Nepal, Life Insurance Corporation International BSc, LIC


History:

The Oriental Life Insurance Company, the first company in India, offers life insurance coverage; In 1818, "Anita Bhasar" and others were established in Kolkata. Its primary target market was European based in India, and it charged heavy premiums to Indians. Surendranath Tagore founded the Hindustan Insurance Society, which later became a life insurance corporation.

ICICI Prudential Life Insurance


Website
Www.Iciciprulife.Com

General Information:

ICICI Prudential Life Insurance Company Limited Is A Life Insurance Company Based In India. By 2015, It Reported Property Of More Than Rs. 100,000 Cr

Stock Price: ICICIPRUI (NSE) ₹ 314.60 +1.00 (+ 0.32%)
Customer Service: 1860 266 7766
CEO: NS Kannan (June 19, 2018-)
Headquarters: Mumbai
Installed: December 12, 2000
Parents Organization: ICICI Bank
Assistant: ICICI Prudential Pension Fund Management Company Limited
People Also Search For: ICICI Bank, HDFC Life, Life Insurance Corporation, ICICI Lombard, SBI Life Insurance Company,

History:-

ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) Is Promoted By ICICI Bank Limited And Prudential Corporation Holdings Limited. ICICI Prudential Life Started Operations In The Financial Year 2001 And Has Consistently Been One Of The Top Players In The Life Insurance Sector Of India. Assets Under Management (AUM) ₹ 1,395.3 Billion On March 31, 2018.


Reliance Life Insurance


Website
http://www.reliancenipponlife.com

General Information: 

Reliance Nippon Life Insurance Company (RNLI) is one of the life insurance companies in India. The firm offers life insurance products targeted at individuals and groups, catering to four ...
Total assets: ₹150 billion (US$2.1 billion)
Products: Individual and Group Insurance Plans
Key people: Anmol Ambani, Chairman Ashish Vohra, CEO
Headquarters: Navi Mumbai(New Mumbai), India
Products
Individual and Group Insurance Plans

History:

AMP Sanmar Life Insurance Company was formed 2001.
AMP gets IRDA approval to commence business 2002 .
Reliance Life Insurance takes over AMP Sanmar 2005 .
2006 Name changed to Reliance Life Insurance Co. Ltd.
ISO 9001:2000 Certification 2007.
2008 Becomes 4th largest private insurer
Becomes the largest private insurer in number of policies 2010
Nippon Life signs definitive agreement to acquire 26% of the company 2011 .
Nippon acquires 49% stake in 2016 Reliance Life Insurance Company


Bajaj Alliance Life Insurance





Website
www.bajajallianzlife.com

General Information:

Bajaj Allianz Life Insurance is a joint venture between Bajaj FinServ Ltd, which is owned by the Bajaj Group of India and alianz SE, a European financial services company. Being one of the private insurance companies in India, it provides insurance products for financial planning and security.

Industry: Insurance Services
Chief People: Tarun Chugh (MD & CEO)
Total assets: $ 4361,583
Headquarters: Pune, India

History:

Bajaj Allianz Life Insurance started operations on March 12, 2001 and today there is an all-India presence of 759 branches in India. It has its headquarters in Pune, India. Bajaj Allianz Life Insurance received Registration Regulatory and Development Authority (IRDA) certificate on August 3, 2001 for conducting life insurance business in India.


Birla Sun Life Asset Management


Website
mutualfund.adityabirlacapital.com

General Information:

Aditya Birla Sun Life Asset Management Company Limited, formerly known as Birla Sun Life Asset Management Company Limited, is an investment management company registered under the Securities and Exchange Board of India. It is a joint venture between Aditya Birla Group and Canada's Sun Life Financial Inc.
Services
investment Management

History:

Birla Sun Life Asset Management Company was established in 1994 as Joint Venture between Aditya Birla Group and Canadian Sun Life Financial.


SBI Life Insurance Company


Website:
https://www.sbilife.co.in/

General Information:

SBI Life Insurance is a joint venture life insurance company between State Bank of India, India's largest government-owned banking and financial services company and BNP Paribas Cardiff. BNP Paribas is a French multinational bank and financial services company with global headquarters in Paris.
the product
Life insurance
Pension

History:

SBI Life Insurance Public Limited is a listed company. SBI Life Insurance listed on BSE and NSE (Stock Exchange of India) In 2001, SBI Life started as joint venture with BNP Paribas. In the initial phase, its business was primarily from the Bankruptcy Channel, now it is developing its agency team to sell its life insurance products.

Friday, 14 December 2018

Top 10 USA Insurance Company Information

Top 10 USA Insurance Company

1. State Farm

Website: www.statefarm.com

General Information:

State Farm is a large group of insurance and financial services companies throughout the United States with corporate headquarters in Bloomington, Illinois. The main business of the group is the State Farm Mutual Automobile Insurance Company, a mutual insurance company which owns other state farm companies. State Farm ranked the largest number of United States corporations in the 2018 Fortune 500 list on total number 36 by total revenue

Industry: Insurance
Founded: June 7, 1922; 9 6 years ago
Founder: George J. Mechele
the headquarters
Bloomington, Illinois, United States
Number of locations: 18,000 agents
343 Claims Office
30 operating centers
Area service: United States
Services: Insurance, Banking, Investing

State farm has expanded in the field of financial services, such as banking and mutual funds.

History:

State Farm was founded in 1922 in retired farmer George J. Macleay did as a mutual automobile insurance company owned by his policyholders. The firm is specializing in auto insurance for farmers and later expanded services of other types of insurance, such as homeowners and life insurance, and then banking and financial services.

2. Geico


Website: www.geico.com

General Information:

Government employee insurance company is an American auto insurance company with headquarters in Chevy Chase, Maryland. This is the second largest auto insurer in the United States after state farm.

Headquarters: Chevy Chase, Maryland, United States
CEO: Tony Nickel (1992-)
Parents Organization: Berkshire Hathaway
Established: 1936, Fort Worth, Texas, United States
Number of employees: 38,000
Assistant: Boat, Geico General Insurance Company, GICO Advantage Insurance Company, and more
Founder: Lillian Goodwin, Leo Goodwin, Sr.

History:

Founded in 1936, Leo Goodwin Sr. and his wife Lillian Goodwin, GEICO was asked to provide auto insurance directly to federal government employees and their families. [4] Since 1925, Goodwin worked as an insurer for the United States, which was specific to insurance to military personnel only. He decided to start his company after growing as a citizen in the United States military-dominated hierarchy. On the basis of Goodwin's experience in USAA, GIICO's original business model was predicted on the assumption that as a group, federal employees would make less risky and more financially stable pool of insureds compared to the general public. Despite the presence of the term "government" in its name, Geico has always been a private corporation that is not affiliated with any US government organization.

3. Allstate


Website: allstate.com

General Information:

Allstate Corporation is one of the largest insurance providers in the United States and is one of the largest publicly held insurers. The company also has individual line insurance operations in Canada. Allstate was established in 1931 as part of Sears, Roebuck and Company, and was closed in 1993.

Stock Price: All (NYSE) US $ 82.40 -0.09 (-0.11%)
December 12, 4:00 pm GMT-5 - Disclaimer
Headquarters: Northfield Township, Illinois, United States
CEO: Thomas J. Wilson
Revenues: US $ 3,852.4 million (2017)
Founder: Sears
Established: 17 April 1931
Assistant: Assurance, North Financial, American Heritage Life Insurance Company, Inforamer, Inc., Erit, LLC,

History:

In 1925, Sears organized a national competition to decide the name of the new brand of car tires. After more than two million name submissions, "Allstate" was chosen. The trademark was adopted the following year. Tire successes in catalogs and retail outlets contributed to the success of Sears's retail store, praising the contribution of Allstate Tire, chairman of Siers General Robert E. Inspired Wood.

4. Progressive Corporation


Website: progressive.com

General Information:

Progressive Corporation is one of the largest carriers of car insurance in the United States. The company also insures motorcycles, boats, RVs and commercial vehicles, and provides home insurance through select companies. The offer of car insurance in Australia has also expanded on the progressive international level.

Stock Price: PGR (NYSE) US $ 64.06 +0.56 (+ 0.88%)
December 12, 4:02 pm GMT-5 - Disclaimer
Headquarters: Mayfield, Ohio, United States
CEO: Trisia Griffith
Established: March 10, 1937
Number of employees: 30,000
Chief investment officer: Bill Kody
Assistant: ARX Holding Corp., Progressive County Mutual Insurance Co., Progressive Insurance Agency, Inc.
Founder: Joseph Lewis, Jack Greene

History:

Progressive was founded in 1937 as Joseph Lewis and Jack Greene as progressive insurance company. In 1956, the company found its top insurance a more risky driver. In 1965, Joseph Lewis's son Peter B Lewis and his mother borrowed $ 2.5 million, committed their majority stake as collateral, and completed progressive liveraged purchases.

5. USAA


Website www.usaa.com

General Information:

The United Services Automobile Association (USAA) is a Texas-based Fortune 500 diversified financial services group, in which the Texas Department of Insurance-Regulated Mutual Inter-Insurance Exchange and subsidiaries provide insurance to people and families who are banking, investing and insuring, or Served in the United States Army.

Original name: United Services Automobile Association
Type: Intermediate Industry Insurance, Banking, Financial Services
Founded: June 20, 1922; 9 6 years ago
the headquarters
San Antonio, Texas
United States of america
Number of locations: 4 Financial Center Service Worldwide
Products: insurance, banking, investment, retirement, financial planning, brokerage
Revenue: US $ 30.016 billion (2017)

History:

The organization was originally called the United States Army Automobile Association. In 1924, the name was changed to the United Services Automobile Association, when the Commissioner of other U.S. military services became eligible for membership. The company opened offices in the early days of its history in Frankfurt, Germany and London, England. On June 20, 1922, a company was formed on the basis of a meeting of twenty five United States Army officers at the Gunter Hotel to discuss the purchase of reliable and affordable auto insurance.

6. Farmer Insurance Group


Website http://www.farmers.com

General Information:

Farmer Insurance Group (informally the farmer) is an American insurance group of automobiles, homes and small businesses and it also offers other insurance and financial services products. There are more than 48,000 unique and independent agents in Farmer Insurance and around 21,000 employees. This Swiss company is a subsidiary of Zurich Insurance Group.

Industry: Financial Services
Established: 1928 (Los Angeles)
Founder: John C. Tyler and Thomas E. holiday
the headquarters
6301 Owensmouth Avenue
Woodland hills, california, united states
Area service: United States
Services: Insurance, Other Financial Services

History:

Farmers' future co-founder John C. Tyler and Thomas E. Willie Tyler had met after moving to California. Both Tyler and Lady grew up with rural background and believed that farmers and farms who recorded better driving than urban people were worth lesser insurance premiums. During the 1920's, farmers from all over the United States were establishing their mutual insurance firms and co-operatives for less expensive policies. The son of South Dakota insurance salesman Tyler and Lady, who had previously worked for the Federal Farm Loan Bureau and National Farm Loan Association, acknowledged that these farmers, farms and other rural drivers were an undiscovered market and wished to make Your Own Auto Insurance Firm

7. Liberty Mutual


Website
www.libertymutualgroup.com
www.libertymutual.com

General Information:

Liberty Mutual Group, commonly known as its primary line of business, is Liberty Mutual Insurance, an American diversified global insurer, and is the fourth largest property and accident insurer in the United States.


Customer Service: 1800 266 5844
Headquarters: Boston, Massachusetts, United States
Revenues: 3,940 million US dollars (2017)
CEO: David H. Long (29th June 2011-)
Number of employees: more than 50,000 (2017)
Subsidiaries: Safeco, Ironshire, Liberty Mutual Group Asset Management, Liberty Mutual Personal Insurance Company, and more
Guardian Organization: LMHC Massachusetts Holdings, Inc.


History :


After the passing of the Massachusetts state law in 1912, the establishment of Liberty Mutual as the Massachusetts Employees Insurance Association (MEIA), the employer needed to save his employees with the compensation of workers in 1911. The first branch office was opened in 1914, and later that year the company had written its first automobile insurance policy. The company was established as a Massachusetts Mutual Company, where its insurers have ownership in the company. The name was changed to Liberty Mutual Insurance Company in 1917 and through partnership, the company started offering full coverage auto policy.

8. Nationwide Company



Website
nationwide.com

General Information:

Nationwide Mutual Insurance Company and affiliated companies are a group of large American insurance and financial services companies based in Columbus, OH. The company operates regional headquarters in Des Moines, IA; San Antonio, TX; Gainesville, FL; Raleigh, NC; Sacramento, CA, and Westville, OH.

Customer Service: 00 1 877-669-6877
Headquarters: Columbus, Ohio, United States
CEO: Stephen R. Rasmussen (February 2009-)
Revenue: 4,650 million USD (2017)
Number of employees: 32,110
Established: April 12, 1926
Assistant: Associate Insurance, Nationwide Private Client, Nationwide Fund Advisor,
the product
Insurance, investment, banking


History:

Beginning form form bureau mutual
In the 1920s, the farmers were paying rates similar to the city drivers on their automobile insurance, even if they had fewer accidents and claims than the drivers of the city. The Ohio Farm Bureau decided to offer the rates to its insurance company which accurately reflects the driving habits of the farmers. On April 10, 1926, the Farm Bureau Mutual Insurance Company obtained a license to do business in Ohio, and two days later the loan amount of $ 10,000 was received from the Ohio Farm Bureau Federation membership owed. At that time, Ohio law required 100 people to become policyholders. The first agent managed to recruit ten times on that number, and on April 14, 1926, the Farm Bureau Mutual started trading with more than 1,000 policyholders.

The first product of the new company, whose name is mentioned, was automobile insurance. The company wrote policies only to Ohio farmers who were members of the Ohio Farm Bureau.

9. American Family Insurance



Website
www.amfam.com

General Information:

American Family Insurance, which is also briefly referred to as AMFAM, is a private mutual company focused on property, accident and auto insurance, and includes commercial insurance, life, health and homeowner coverage, as well as investment and retirement- The plan also provides products.

Headquarters: Madison, Wisconsin, United States
CEO: Jack Salzweedel (November 1, 2011)
Number of employees: 11,307 (2017)
Founder: Harman Watwara
Established: 3 October 1927
Assistant: Networkcards Insight, American Family Brokerage Inc., more
People also search for: State Farm, GIICO, Liberty Mutual, Progressive Corporation, Allstate, General, USAA
the product
Insurance (auto, home, life, health, commercial)

History:

The history of American Family Insurance began on October 3, 1927, when insurance salesman Herman Whittar opened the doors of Farmer Mutual Insurance Company (not being confused with Farmer Insurance Group) in Madison, Wisconsin. At that time, the company's sole product was auto insurance and its target market was a farmer. Witvar believed that the farmers presented less risk than the drivers of the city because they did not go back less frequently in the winter.

10. Traveler Companies



Website
Travelers.com

General Information:

Travelers Companies, Inc. is an American insurance company. This is the second largest writer of American commercial property accident insurance and is the third largest author of American personal insurance through independent agents.

CEO: Alan D. Skinny (December 1, 2015-)
Headquarters: New York City, New York, United States
Founder: James G. Battererson
Established: 1853, St. Paul, Minnesota, United States
Stock Price: TRV (NYSE) US $ 122.01 +1.07 (+ 0.88%)
Revenue: 2,8902 million USD (2017)
Number of employees: ~ 30,800 (December 2017)
Assistant: The Travelers Indemnity Company, Genusurance Inc., Travelers Casualty and Surat Company,
Products: Insurance Policy Risk Management


History:

The Travelers were founded in 1864 in Hartford. It was established to provide travel insurance to railway Travelers when the journey was more dangerous and dangerous than today, hence the name The way in which first many industries were first, the first automobile policy, the first commercial airline policy and the first policy for space travel was involved.