In a recent report by S&P Global Market Intelligence, the Life Insurance Corporation of India (LIC) has secured its position as the world’s fourth-largest insurer. The ranking is based on the life and accident & health reserves of companies for the year 2022.
The ranking is based on life and accident & health reserves, considered one of the key indicators of a life insurer’s financial strength.
Q: Which insurer ranks fourth globally in 2022 according to S&P Global Market Intelligence?
A: Life Insurance Corporation of India (LIC).
Q: Who are the top three insurers globally based on reserves?
A: 1. Allianz SE (Germany)
2. China Life Insurance Company
3. Nippon Life Insurance Company (Japan)
Q: What is the total reserve of LIC according to the report?
A: LIC’s reserves stood at $503.7 billion.
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