India overtakes China and UK to become world’s 10th largest life insurer

India overtakes China and UK to become world’s 10th largest life insurer

Daily Current Affairs   /   India overtakes China and UK to become world’s 10th largest life insurer

Change Language English Hindi

Category : Business and economics Published on: September 01 2022

Share on facebook
  • India has now overtaken China and the UK to become the world’s 10th largest life insurer. 
  • According to a survey by Brand Finance Insurance 100 2021, a London-based brand valuation consultancy organization, Life Insurance Corporation (LIC), a state-owned insurance behemoth and life insurer has emerged as the third strongest and tenth most valuable insurance brand globally. 
  • The report states that the combined value of the top 100 insurance brands in the globe decreased by 6% from $462.4 billion in 2020 to $433.0 billion in 2021.
  • LIC’s brand value climbed to $8.65 billion, up about 7%. India becomes the 10th largest life insurer globally.
  • The top 10 most valuable insurance brands worldwide include five Chinese insurance companies, with Ping An Insurance ranking as the most valuable brand despite seeing a 26% reduction in brand value.
  • While France, Germany, and India each have one insurance company on the list, the United States has two in the top ten. India is now the 10th largest life insurer in the world.
  • Italy’s Poste Italiane is the strongest insurance brand, followed by LIC of India, Mapfre of the US.
Recent Post's
  • LoIs issued to 4 foreign universities; ₹4,000 crore education projects announced at ABSS.

    Read More....
  • Kaziranga becomes India's third-highest tiger density reserve after Bandipur and Corbett.

    Read More....
  • St. Aloysius student sets world record with 170-hour Bharatanatyam performance.

    Read More....
  • Divyanshi wins U-19 WTT title; Priyanuj clinches gold in U-17 boys’ final.

    Read More....
  • Goa Shipyard launches 6th indigenous Fast Patrol Vessel, ICGS ATAL.

    Read More....
  • July 30 marked as World Day Against Trafficking with focus on criminal exploitation.

    Read More....
  • RBI caps investment in AIF schemes to 10% per bank/NBFC.

    Read More....
  • PM Modi releases ₹1,000 coin marking 1,000 years of Rajendra Chola’s naval campaign.

    Read More....
  • Death toll in Gaza crosses 60,000; over half are women and children.

    Read More....
  • Ex-Twitter CEO Jack Dorsey launches offline messaging app Bitchat.

    Read More....