Risk management which involves appraising and controlling risk has evolved with time as evolved as a discrete field of study and practice into a multi-billion industry. Insurance is one of the mainstream sector of risk management.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy.
Here is a list and review of the Top 10 Insurance Firms In The World based on their market equity, customer base and popularity.
AIG (American Institute Group) is a world leading property, life insurance, casualty and global insurance firm Sserving more than 70 million clients in 130 countries.
AIG is the largest and preferred public and private insurance firm in the world with market equity up to $78.50 billion.