Top 50 largest insurance companies in the world

The insurance industry is a major component of the economy by virtue of the amount of premiums it collects, the scale of its investment and, more fundamentally, the essential social and economic role it plays by covering personal and business risks. In this work, we are going to present the rank of the 50 largest insurance companies in world by total assets, which still remains today, one of the most widely used indicators for comparing insurance with each other. Let’s now see the 50 largest insurance companies in world by assets. In the ranking of the 50 largest insurance companies… Continue reading

Top UK insurance companies by assets and market cap

The insurance industry of the United Kingdom is one of the largest in the world and it is a world leader as an exporter of insurance to the rest of the world. The UK general insurance market continues to be fiercely competitive, but is troubled by sustained low profitability fuelled by the predominance of online distribution channels (aggregators, brokers and other direct distributors). The specialty and commercial lines market are the world’s largest, and truly global. Despite its traditional image, the pace of change is accelerating considerably, with increasing focus on new product development to address emerging risks, use of… Continue reading

Biggest banks in the US by assets

The US financial system is easily the largest in the world and, in many respects, the most advanced. It also has the greatest diversity of institutions, the widest variety of instruments, and the most highly developed derivative markets. The banks play an important role in the US financial system and the US economy. They, also, continue to play an important role in the global economy, despite the increased weight and importance of banks of other countries in the last years, such as Chinese banks. In this work, we are going to present the rank of the 52 largest banks in… Continue reading

Robo advisors: fees, advantages and disadvantages

Robo-advisors have grown in popularity in the last years and the number of the consumers who have started using them to invest their money, has increased significantly. They are a particular class of financial advisors, that provide financial advice or investment management online using algorithms to automatically allocate, manage and optimize clients’ assets and in which the human intervention is minimal. To obtain information about the clients’ degree of risk-aversion, financial status, and desired return on investment, robo-advisors use online questionnaires and after this process, they allocate the client’s money in investments products. Clients can choose between offerings with passive… Continue reading

These 45 countries have the largest gold reserves

Considered a ‘safe haven’ during crises, the yellow metal is being stockpiled by central banks around the world. Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after 656 tons were added in 2018. Before the 2008 financial crisis, central banks were net sellers of gold worldwide for decades. Also, there has been a large effort by central banks to repatriate their gold as well, mostly from storage in New York Federal Reserve and the Bank of England, which are the two largest keepers of gold in the world. After this brief… Continue reading