Asia: China & Japan insurers top region by market cap in 1Q - S&P
Source: Asia Insurance Review | Jun 2017
Chinese and Japanese insurers dominated the list of the 20 largest insurance companies in Asia Pacific by market capitalisation in the first quarter of this year, splitting 13 spots between them, said S&P Global Market Intelligence. (See Table 1). Ping An Insurance (Group) of China came in No 1, retaining the first spot from the 2016 fourth quarter.
The 20 biggest insurers in the region largely maintained their rankings from the previous quarter, with just Australia’s QBE Insurance Group and Suncorp Group swapping the 14th and 15th spots. China Life Insurance Co Ltd took the second spot with a market capitalisation of US$99.28 billion. Hong Kong’s AIA Group was the sole insurer from the city to break into the top 20, taking the third spot.
Japan’s Tokio Marine Holdings was the highest ranked Japanese insurer at fifth place with a market capitalisation of US$31.43 billion. A