The state-owned insurance coverage behemoth ‘Life Insurance Corporation (LIC)’ has emerged because the third strongest and the tenth Most worthy insurance coverage model globally, in Brand Finance Insurance 100 report for 2021. The annual report is launched by London-based model valuation consultancy agency Brand Finance, to establish essentially the most priceless and strongest insurance coverage manufacturers globally.
According to the report:
- Most Valuable Indian Insurance Brand – LIC (tenth)
- Most Strongest Indian Insurance Brand – LIC (third)
- Most Valuable Global Insurance Brand – Ping An Insurance, China
- Most Strongest Global Insurance Brand – Poste Italiane, Italy
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Summary of the report:
- The model worth of LIC elevated by virtually 7 per cent to $8.65 billion in 2021.
- Chinese agency ‘Ping An Insurance’ emerged because the world’s Most worthy insurance coverage model, regardless of recording a 26 per cent drop in model worth in 2021 over the earlier yr.
- In the strongest insurance coverage manufacturers class, Italy’s Poste Italiane was on the prime place, adopted by Mapfre of the US and LIC of India.
- However, the whole model worth of the world’s prime 100 Most worthy insurance coverage manufacturers declined by 6 per cent from $462.4 billion in 2020 to $433.0 billion in 2021.
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