Top 10 Best & Biggest Car Insurance Companies in Asia (Updated)

You may have already updated your knowledge with our recently shared Asian top lists of the Top 10 Best Places to Celebrate Chinese New Year in Asia, the Top 10 Most Popular Fast Food Restaurants in Asia, and the Top 10 Best and Biggest Private Hospitals in Asia now! So, today from the

So, today from the World’s #1 Source of Research-Based Content, The Daily Top 10, brings you the Top 10 Best and Biggest Car Insurance Companies in Asia.

There are 1,500+ insurance companies in the Asian market according to Asian Insurance Review. With that competition, being number one is a colossal feat. But your vehicle is one of your most valuable possessions, when it comes to insurance, you want the best. So, you wouldn’t want to compromise on the quality or service. So, we are here to assist you in your search for the best with the list we have compiled of the Top 10 Best and Biggest Car Insurance Companies in Asia.

See if you can spot your favorite in our list and here are the Top 10 Best and Biggest Car Insurance Companies in Asia.

What is the Best and Biggest Car Insurance Company in Asia?

Car Insurance companies have also done their part in the insurance industry to earn their place as one of the best. The ranked companies are judged in terms of strategy and implementation of their policies consistently throughout the year, meeting the needs of intermediaries and the end customers, on how they listen to customers, offer innovative solutions and be highly competent at risk and claims management.

Before we identify the Biggest Car Insurance Company in Asia, let’s check out the rest of the companies on our list. In addition, if you want to broaden your knowledge about Asian companies, you can check the list of Top 10 Asia’s Most Followed Companies on Linkedin.

TOP 10: DB Insurance Company Ltd. (South Korea)

Previously known as Hankook Automobile Insurance, DB Insurance Company Limited comes to us from Seoul, South Korea. The company was established in 1963 and now operates in the US, China, Myanmar, and Indonesia according to Global Data.

Apart from automobile insurance, DB Insurance provides a wide range of other insurance services such as; Fire, personal accident, marine, property, engineering, aviation insurance, title insurance, long-term casualty insurance, property insurance, and fire and marine insurance to name a few. South Korea is a most popular country not only for offering the best car insurance companies but for the world-famous K-dramas. So, have a look at the Top 10 Best Korean Movies and Drama Series to Watch in 2023, while searching for car insurance companies.

TOP 9: Samsung Fire & Marine Insurance Company Ltd. (South Korea)

The next on our list also comes to us from South Korea. A familiar household name for mobile devices, Samsung has managed to become a top contender in the insurance industry in Asia.

The company Korea Anbo Fire Marine Reinsurance Co. established in 1952, was acquired by Samsung in 1958 and now has operations in Indonesia, Vietnam, China, Brazil, Europe, the US, and Singapore. As mentioned on their Official Website, they strive to be a premium non-life insurance company in Korea and overseas markets.

TOP 8: Great Eastern General Insurance Limited (Singapore)

Established in 1908, Great Eastern General Insurance is a Singaporean insurance company operating under the OCBC Group (Oversea-Chinese Banking Corporation; Which, contrary to its name, is a Singaporean multinational banking and financial services corporation). Having been in business for over a century, Great Eastern is an excellent choice to purchase your motor insurance. Global Data mentioned that they operate in Singapore, Malaysia, and Indonesia with policies that offer global coverage.

The company has a strong presence in Singapore and is known for its innovative and customer-centric insurance solutions. GEGIL also offers motor insurance products and services, which can be tailored to meet the specific needs of different types of drivers and vehicles. The company is committed to providing excellent customer service and claims support, and has a dedicated team of experienced professionals to assist customers with their insurance needs.

TOP 7: Sompo Holdings Inc. (Japan)

Japan is one of the Top 10 Most Technologically Advanced Countries in Asia as well as for the car insurance field. Sompo Holdings Japan is a group of companies and their automobile insurance is marketed by Saison Automobile And Fire Insurance Company Limited. According to their Official Website, Saison is a frontrunner in fully digitizing the customer’s insurance experience and the customer is able to fully handle and modify their policies as they wish from the comfort of their own homes.

Sompo operates under one philosophy. They believe that their entire business operation should be focused on the customer and they are constantly modifying and updating procedures to ensure that their customers are fully at ease in all business dealings.

TOP 6: MS&AD Insurance Group Holdings Inc. (Japan)

According to Asia Nikkei, MS&AD Insurance Group Holdings Inc is a financial services holding company based in Japan. It is the parent company of Mitsui Sumitomo Insurance Co. Ltd. and Aioi Nissay Dowa Insurance Co. Ltd., two of Japan’s leading non-life insurance companies. The company offers a wide range of insurance products, including auto, property, casualty, and liability insurance, as well as employee benefits and pension products.

MS&AD Insurance Group Holdings Inc is listed on the Tokyo Stock Exchange and is a component of the Nikkei 225 stock index. It undertakes automobile insurance in over 40 countries under various subsidiaries. MS&AD has established subsidiary companies that specialize in automobile insurance. For example, their Japanese subsidiary Mitsui Direct Insurance only provides car and motorcycle insurance.

TOP 5: China Taiping Insurance Holdings Company Limited (China)

According to data from their Linkedin Profile, China Taiping Insurance Holdings Company Limited is a financial services company based in China. It is one of the largest insurance companies in China, offering a wide range of insurance products and services, including car, life, health, property and casualty, and liability insurance, as well as employee benefits and pension products. The company is listed on the Hong Kong Stock Exchange and is a component of the Hang Seng China Enterprises Index.

China Taiping Insurance Holdings also has various subsidiaries and joint ventures in other countries, such as Singapore, Malaysia, Hong Kong, Macau, and Thailand. It is also known for its diversified business model that includes banking, trust, asset management, and other financial services. They first started out in Shanghai in 1929, and are currently the longest-running Chinese national insurance brand. It has gained notice from the international community as well and was even named a Fortune Global 500 company in 2018.

TOP 4: Tokio Marine Holdings Inc. (Japan)

We’re nearly at the top of our list of the Best and Biggest Car Insurance Companies in Asia. Our next company is no stranger to the international market and according to their Official Website, Tokio Marine Holdings has subsidiaries that operate in North America, Europe, and South America in addition to their widespread operations in Asia.

With a well-diversified portfolio across the domestic Japanese market and the international market, Tokio Marine Holdings reports that their total profits comprise a 50-50 equal contribution from both markets.

TOP 3: People’s Insurance Company Group of China Ltd. (China (PICC)

People’s Insurance Company Group of China Ltd (PICC) is a state-owned financial services company based in China. It is one of the largest insurance companies in China and is engaged in a wide range of insurance and financial services businesses, including auto, property, and casualty insurance, life insurance, health insurance, and reinsurance. As mentioned in Wikipedia, PICC also provides other financial services, such as asset management, trust services, and banking services.

PICC is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange. The company was established in 1949 and it’s the first national insurance company in China. PICC has a strong and established position in the market, and its business is spread across the country, as well as internationally through its subsidiaries and branches.

TOP 2: China Pacific Insurance (Group) Company Ltd. (China)

CPIC was founded in 1994 in Hong Kong and has proven itself as a premium insurance provider with a place at number 2 on our list. Their operations are based in the Chinese market according to Global Data. Their automobile insurance portfolio provides third-party and comprehensive coverage and they have various offers and discounts on the renewal premium which can be availed of as the period of insurance increases.

It has a strong and established position in the market and its business is spread across the country, as well as internationally through its subsidiaries and branches. The company also diversified its business by providing banking, trust, and asset management services.

TOP 1: Ping An Insurance (Group) Company of China Ltd. (China)

Are you ready to find out which insurance provider managed to make the top position in our list of Top 10 Best and Biggest Car Insurance Companies in Asia out of nearly 1,500 contenders? A clear winner. Ping An Insurance is the number one insurance provider not only in Asia but in the entire world. According to their Official Website, Ping An Insurance has secured the top spot for 7 consecutive years and it’s no surprise that Ping An Insurance is heading our list of the Best and Biggest Car Insurance Companies in Asia.

Established in 1988, they have grown their operations to around 20 countries but are mainly centered around South East Asia. They are focused on technological innovation and invest 1% of their revenue (this equals nearly 10% of their profits) into research and development of innovative solutions. So, Ping An Insurance is the Best and Biggest Car Insurance Company in Asia.

What are the Best and Biggest Car Insurance Companies in Asia?

The Asian insurance market is highly competitive and diverse, offering a wide range of car insurance products and services. These companies are known for their strong financial performance, established market position, and diversified business models. Our list contains companies that have proven excellence in the field of insurance and they have earned a well-deserved place as the Top 10 Best and Biggest Car Insurance Companies in Asia.

Here is the list of the Top 10 Best and Biggest Car Insurance Companies in Asia.

1. Ping An Insurance (Group) Company of China Ltd. (China)
2. China Pacific Insurance (Group) Company Ltd. (China)
3. People’s Insurance Company Group of China Ltd. (China)
4. Tokio Marine Holdings Inc. (Japan)
5. China Taiping Insurance Holdings Company Limited (China)
6. MS&AD Insurance Group Holdings Inc. (Japan)
7. Sompo Holdings Inc. (Japan)
8. Great Eastern General Insurance Limited (Singapore)
9. Samsung Fire & Marine Insurance Company Ltd. (South Korea)
10. DB Insurance Company Ltd. (South Korea)

China and Japan have proven to dominate the Asian market when it comes to providing car insurance. We hope you find our list of the Top 10 Best and Biggest Car Insurance Companies in Asia useful. Were there any familiar names? Will you be getting your next car insured by one of the top players in the market? Let The Daily Top 10 Team know in the comments. We love to hear from you.

So let’s take a look at our list which we hope will be useful for you in your search for the Best and Biggest Car Insurance Company in Asia. As well as the car insurance companies, we previously shared with you the Top 10 Most Trusted IT and Software Companies in the USA in our Auto-Gaming-Metaverse category to update you with the world’s knowledge. So, stay with the World’s #1 Source of Research-Based Content, The Daily Top 10 every day!