Global 2000, which ranks the world’s biggest public companies, with eight of those firms rising in rank versus 2020. Of the 2,000 companies on our list, insurers represented over 5%, with 113 total insurers making the ranking.Global 2000 ranking is based on a composite score from equally-weighted measures of revenue, profits, assets and market value. Among the world’s 25 largest insurers, the United States led the way with six insurers and China was second with four insurers.
Ranking second among insurers was UnitedHealth Group, based in the U.S., which rose three spots to rank No. 21 overall. It boasted $262 billion in sales and a $16.8 billion profit. Its shares have risen 41% over the past year and now trade at a $388 billion market value. The global economy, while increasing in insurable activity, also carries major risks from unforeseen events like the business stoppage created by the pandemic. In this quiet industry, there is also major disruption facing the world's biggest firms.
As Tesla, General Motors, Intel and a litany of publicly traded startups continue to invest in self-driving car technologies, the potential ramifications for the auto insurance industry are enormous. Auto insurers like Allstate, No. 151 on the Global 2000, are proactively researching self-driving cars and how they’ll impact the landscape in coming decades.
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Source: Forbes - 🏆 394. / 53 Read more »