Global insurers and reinsurers: results as at 30 September 2020

Figures in billions USD
CompanyNet result as at 30 SeptemberEvolutionTurnover as at 30 SeptemberEvolution
2020201920202019
Allianz
6.1246.943-11.79%122.788116.9145%
Munich Re
1.1692.723-57.06%48.29742.56313.5%
SCOR
0.1580.439-64%14.37713.1849%
Swiss Re
-0.6911.343-151.45%30.16428.4436.05%
Berkshire Hathaway
-2.033-0.305-566.56%13.46411.19320.29%
AIG
-5.9132.404-345.97%21.52723.117-6.88%
AXA
---85.91687.166-1.50%

The decrease in interest reported by many players during the first nine months of 2020 is accounted for by:

  • the non-payment of premiums due to the financial difficulties sustained by policyholders,
  • termination of insurance contracts,
  • the reduction or suspension of certain corporate guarantees due to the reduction or cessation of activities,
  • the economic and commercial slowdown,
  • the low rate of online underwriting of guarantees. A study reveals that only 2% of the turnover of non-life insurance companies is generated via this tool.
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