AXA is Europe's largest insurance company by premium volume
 
 

Based on the 2022 gross written premium volume, the global insurance giant AXA ranked as Europe’s largest insurance company with a premium volume of $106.1 billion. In the same year, AXA recorded $42.3 billion in capital and surplus. 

Based on data from rating agency AM Best, the guide to Europe’s largest insurance companies shows that only two of the big four European reinsurers, Munich Re and Swiss Re, made it into the top 10. This highlights the scale of their insurance operations.

Munich Re ranked fourth with a premium volume of $71.6 billion and $22.4 billion in capital and surplus, while Swiss Re ranked ninth with a premium volume of $47.8 billion and $12.6 billion in capital and surplus.

Another of the big four European reinsurers, the French reinsurer SCOR, ranked 18th with a premium volume of $21.0 billion. However, the last of the big four, Hannover Re, did not make the list.

In second place is Allianz with a premium volume of $100.5 billion. Allianz also had the highest capital and surplus amount on the list, at $54.9 billion.

The Italy-based insurance company Generali ranked third with a premium volume of $85.1 billion and $17.2 billion in capital and surplus. Zurich Insurance Group, immediately following Munich Re, ranked fourth with a premium volume of $58.8 billion. Lloyd’s, the world’s oldest insurance and reinsurance market, ranked fifth with a premium volume of $56.3 billion.

HDI Group ranks seventh with a premium volume of $56.0 billion and $8.9 billion in capital and surplus. In eighth place is Chubb, with a premium volume of $51.9 billion and $50.5 billion in capital and surplus, specializing in property and casualty insurance.

Just below Swiss Re and completing the top 10 is CNP Assurances, with a premium volume of $38.4 billion and $18.2 billion in capital and surplus.

Interestingly, only two insurance companies recorded a premium volume of over $100 billion, and these companies are AXA and Allianz.


 
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