Ping An becomes world’s largest insurance company

Ping An Insurance is an insurance company based out of Shenzhen and was founded in 1988. Since then, the company has not only become one of China’s biggest companies, it has also grown to be the largest insurance company worldwide. According to data presented by TradingPlatforms.com Ping An’s total assets were the largest at an estimated $1.25 trillion, contributing to the largest market cap out of life insurance companies – $187 billion as of 2021.