| INSURANCE COMPANIES IN INDIA |
Life Insurance Corporation of India or LIC
Better known by its abbreviation LIC, this insurance company in India has been successful to build trust among its 170 million customers over the last 50 years. The mission of this life insurance company in India is to explore and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development. Today this insurance company in India has 2048 branch offices and more than 1000000 agents all over India.
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Reliance general insurance, Anil Dhirubhai Ambani Group
RGICL is one of the first non- life insurance companies in India to get the license from the Insurance regulatory Development Authority (IRDA). Its range of products includes Health, Fire, personal Accidents, Engineering, Motor, Travel, Property Marine, Casualty and Liability. This insurance Company in India seeks to be an insurer of World Standards and the most preferred choice for clientele at the domestic and global level.
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Birla Sun Life
Started in 1865 this company now has become truly multinational. It has operations all over the major countries of the world. This life insurance company in India today manages assets worth more than CDN$400 billion. Its products and services include individual life and reinsurance.
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Kotak Mohindra
Kotak life insurance strictly focuses on life insurance products. By offering innovative products this insurance company in India seek to help the customers in taking important financial decisions in their life and make them financially independent. With kotak Grameen Bima Yojna they have tried to cover the villages of India also.
National insurance Company limited
Started in 1906 this insurance Company in India has been the fastest growing General insurance Company in India. It is also the oldest existing insurance Company in India. Its product range includes Fire marine and Miscellaneous insurance. The policies of this Company are available in some of the most important banks of India. |
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| INSURANCE COMPANIES IN CHINA
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Generali China life Insurance Company Ltd.
On 15th January 2002 the company got the approval from the china Insurance Regulatory Commission for establishment. It is a joint venture between Assicurazioni Generali S.P.A.(Generali) and China National Petroleum Corporation (CNPC). With its wide range of innovative products they seek to become the first class insurance Company in China.
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China life Insurance Company Ltd.
Better known as China Life this Life insurance Company in China has won the trust of millions of Chinese people. It has more than 70 million individual and group life policies and annuities. Apart from life insurance and annuities its product range includes accident health insurance.
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Huatai insurance
This is the first nationwide joint stock property insurance Company of China. The product range of this insurance Company in china includes Enterprise Property Insurance, Cargo Transportation insurance, Automobile insurance, Contractors’ Erection all risk insurance, Household property insurance, Liability insurance, Onshore/Offshore Technology Insurance, Aviation & Space Insurance, Personal Accident & Health Insurance, Investment Type Insurance. With such a wide range of products this Insurance Company in China has seen significant rise in its income in recent years.
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Anbang Property & Casual Property life Insurance corporation
Approved by CIRC for set up on 9th June 2004 this insurance company in China today has 37 branches and over 300 sub branches in all provinces and major cities of China. Two of fortune 500 companies Sinopec and SIAC are the shareholders of this insurance company in China. The vision of this Chinese insurance company is to be the number one motor insurer of China. The product range of this insurance company in china auto insurance, property insurance, liability insurance, personal Accident insurance, Personal property insurance Construction risk insurance.
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China Continent Property & casualty Insurance Company Ltd.
The origin of this insurance company in china can be traced back to 1949 as it is a reincarnation of People’s insurance Company of China. Today this Chinese insurance Company has a registered capital of one billion Yuan RMB. Its product range includes property insurance, short-term health insurance and personal accident insurance. |
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INSURANCE COMPANIES IN SRI LANKA
Eagle Insurance
This insurance company in Sri Lanka began functioning in 1988 as CTC Eagle insurance company with Ceylon Tobacco Company as its main shareholder. But in 2006 Aviva International Holding Ltd. became the ultimate holding company of eagle with an indirect shareholding of 51%. With its wide range of insurance products this company in Sri Lanka is fast building trust among the Sri Lankan population.
Sri Lanka insurance Corporation Ltd.
With Rs. 43.5 billion in assets this insurance company in Sri Lanka clams to be the largest and strongest composite insurance provider in Sri Lanka. Started in 1961 this insurance company in Sri Lanka has built trust among its customers.
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| INSURANCE COMPANIES IN THAILAND
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AIA Thailand
This insurance company in Thailand is providing life security to the Thai people for many years now. Its product range includes life insurance, Travel insurance, Personal Accidents, Group insurance, Home+ Office insurance, Medical insurance and Motor Insurance.
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Thai Vivat insurance
This insurance company in Thailand has 50 years of experience as its origin can be traced back to the establishment of Pacific Insurance Company Ltd. on October 8, 1951. On May 17, 2005 the registered capital of the Company stands at 151.5 Million Bath. Its product range includes motor insurance, fire insurance, marine cargo insurance and miscellaneous insurance.
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AXA Insurance in Thailand
This insurance Company in Thailand is a member of the global AXA group and it was established in Thailand in May 1990. The product range of this insurance company in Thailand include motor insurance, Home & Family, Personal Accident, business insurance health insurance most other insurance needs. With its branches in several cities of the country this insurance company in Thailand seeks to provide peace of mind to its customers.
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Generali Thailand
The Generali group is one of Europe’s biggest insurers. Today it operates in over 60 countries of the world. In Thailand also it is providing insurance service to lot many people. The product range of this insurance company in Thailand includes Individual Life Insurance, group life Insurance and General insurance.
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| INSURANCE COMPANIES IN JAPAN
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Nippon life Insurance Company
This is the largest Japanese Life Insurance Company. Its origin can be traced back to 1889 as its predecessor Nippon life Assurance company was established at that time. This insurance company in Japan has contracts with over 10 million customers throughout Japan. With its wide range of products this insurance company in Japan seeks to provide consistent protection and support to its customers.
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Meiji Yasuda life Insurance Company
Meiji and Yasuda merged in 2003 and thus emerged the Meiji and Yasuda life insurance company. Today they have total assets of $224.8 billion. The basic approach of this Life Insurance Company in Japan is to enforce rigorous compliance with the aim of restoring society’s trust in the company.
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Mitsui Sumitomo Insurance Co.
This Insurance company in Japan has its head office in Tokyo and has 729 domestic offices. It has more than 59,126 domestic agents and 13,458 employees. The total paid in capital of this insurance company in Japan is 139595 million yen. Better known as MSI group this insurance company in Japan is has its focus on 5 five major business areas- Domestic non life Insurance, Life insurance, Financial services, risk related business and overseas business.
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Sony Life Insurance Co.
This insurance Company in Japan is a subsidiary of Sony financial holding Inc. This Life Insurance company in Japan has seen tremendous growth since its establishment in 1981. It has total assets of 24,460,435 thousands of U.S. dollar. With wide range of products this insurance company in Japan seeks to provide best service in Japan.
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Sompo Japan insurance company
This insurance company in Japan was established on October 1, 1888. The total paid in capital of the Company is more than 70 billion yen. It has more than 60, 427 sales agencies and 14, 394 employees. With its wide range of products this insurance company in Japan seeks to provide consistent protection and support to its customers.
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| INSURANCE COMPANIES IN SINGAPORE |
Asia insurance company Ltd.
The Asia Insurance Building with its unique architecture, is one of the distinctive buildings in the heart of the Singapore business district. It is the heritage and home of Asia Life and Asia Insurance - a heritage built on years of serving the insurance needs of the customers and business partners. With wide range of products this insurance company in Singapore seeks to provide best service in Singapore.
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Cosmic insurance
This general insurance Company in Singapore was registered on 16th September in 1971. Today it employs more than 80 people. The product range of this insurance company in Singapore includes motor insurance, fire insurance, casualty insurance, marine insurance and some other insurance products. With its wide range of products this insurance company in Singapore is trying to win the trust of the population.
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Manu Life Singapore
This is a Canada based company but they also seek to become a reliable insurance company in Singapore. They focus on family protection, savings, investment, children, health retirement and business insurance. By market capitalization as of 30th September 2006 they are the 4th largest insurer of the world.
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Liberty insurance
Though this insurance company is Boston based they seek to become a trusted insurance company even in Singapore. This insurance company in Singapore provides both personal and commercial insurance products including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire and surety. This insurance company employs more than 39,000 people in more than 900 offices worldwide.
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First capital insurance Ltd.
The origin of this insurance company in Singapore can be traced back to 1950 when its predecessor The public Insurance Pvt. Ltd. was established. In 2002 FCIL was acquired by a Canadian financial Services holding company. It has assets exceeding USD $27 billion. Its general insurance products include property insurance, marine insurance, Engineering insurance, motor insurance, Miscellaneous accident insurance and liability insurance. |
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| INSURANCE COMPANIES IN MALAYSIA |
Berjaya general insurance Berhad
The origin of the company can be traced back to 1974 when the Tokio Marine and Fire insurance Company overseas Branch office started functioning. It has wide range of insurance products in both personal and commercial lines that include personal accident insurance, health insurance, motor insurance, health insurance fire in insurance liability insurance and many more insurance products. With wide range of products this insurance company in Malaysia seeks to provide best service in Singapore.
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Hong Leong Assurance
The Hong Leong group is engaged in various business areas. This insurance company in Malaysia is the first to achieve the ISO 9002 quality certification for both its General and life divisions. With its wide range of products they seek to fulfill every insurance need of the consumers and win the trust of the people.
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Jarneh insurance Berhed
This insurance company in Malaysia offers a wide range of general insurance products that include fire, marine, Motor, Engineering, Household and accident & Health Insurances. In 2005 the gross premium income of this insurance company in Malaysia was 289.6 RM million.
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Kurnia Insurance
The origin of this insurance company in Malaysia can be traced back to 1978 when its predecessor Industrial and commercial insurance began functioning. Today its total assets exceed RM 1 billion. The annual premiums of this insurance company now exceed RM 1,101 million. With more than 7000 agents it has presence in practically every town. With wide range of products in the general insurance sector this insurance company in Malaysia seeks to win the trust of the people.
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Malaysia National Insurance Berhad
This insurance Company in Malaysia is the largest Malaysian composite insurer with an asset base of RM 8.0 billion. The net profit of this insurance company in 2006 was RM 66,003 thousands. It provides a wide range of products in both personal insurance sector and Corporate insurance sector to meet every insurance need of the Malaysian people. |
INSURANCE COMPANIES IN SOUTH KOREA
Kyobo Life
This insurance company in Korea was founded in 1958 and at the end of March 2005 it had 35, 533 billion won in assets 8889 billion won in premiums income and 381.7 billion won net profits. With its wide range of products this life insurance company in South Korea seeks to provide peace of mind South Korean population.
Dongbu life Insurance company
This life insurance company in Korea came into existence in 1989. Today it manages total assets of 1,86800 million won and one of Korea’s leading life insurance companies. With its wide range of innovative products they seek to become the best in providing insurance service in Korea.
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