15 Largest Health Insurance Companies in the World | 2022

Health insurance is by far one of the most widely used insurance policies in the world.

In some countries it is mandatory for all citizens to be under health insurance. This is because health can be unpredictable and everyone gets sick from time to time.

Based on the most frequent search queries we’ve received about the best health insurance companies in the world, our team here, with the help of our research associates, has made available a detailed list of the 15 best health insurance companies in the world. world’s largest health

Our list came from industry recommendations, expert reviews, and billing, as well as customer history and experience.

We also do research on companies’ policies regarding insurance claims and how well represented they are around the world.

Insurance is a thriving industry, especially in a world of uncertainties. It’s still a good way to move on when one encounters unexpected misfortune.

The 15 largest health insurance companies in the world

All of these providers offer primary health insurance products and services to individuals and businesses, including other services such as Medicaid and Medicare policies, long-term care insurance, dental insurance, and vision benefits.

When we talk about the largest health insurance companies in the world, a big reference goes to the large number of clients on their list compared to the average insurance company.

UnitedHealth Group

UnitedHealth Group is one of the leading insurance firms based in the United States. It is a subsidiary of UnitedHealth Group.

The company is the largest health insurance company based on the number of clients and insured persons in its database.

UnitedHealthcare offers a wide range of products and services for people to choose from.

Clients can obtain health insurance policies that may cover them, their families or other preferred third parties. Large corporations are equally on your list for comprehensive employer health benefit plans.

In addition to having health insurance plans, UnitedHelathcare has a community of more than 1.3 million doctors and health professionals at your disposal and an affiliation with 6,500 hospitals and counting.

With the description, suffice it to say that UnitedHealthcare already sets the pace among the leagues of the world’s largest health insurance companies.

2. Anthem

With a network of over 45 million users, Anthem is obviously a big player in the global health insurance industry.

He runs a business and commercial health care unit that offers insurance policies for large corporations, small businesses, individuals, and other health insurance brokers.

Anthem is an integral part of the Blue Cross Blue Shiled Association. This means that when you shop for Anthem insurance policies, you will most likely come across the BCBS name or trademark. It has a great network of experts and brokers who have been helping people get value for their money in Anthem.

As of 2019, Anthem has more than $94.7 million of health premiums written, ranking it among the world’s highly profitable insurance companies.

You’ll find Anthem branches in more than 12 US states, plus global insurance partners who work with them.

3. Ping a secure

Pinging insurance is not a newcomer in the insurance space. Among the list of Ping An Insurance policies is their health insurance which is considered one of the largest in the world.

The company provides social health insurers, commercial health insurers, hospitals and healthcare organizations with an automated solution system for their insurance services.

Through a network of more than 94,000 pharmacies, health institutions, doctors and professionals, the Ping An Insurance group has been able to provide a wide range of satisfactory insurance policies for its extensive network of clients.

The company has a market capitalization of $217 billion with almost every health institution in China in its database. The company is headquartered in Shenzen China.

4. Aetna

Acquisition of CVS Health Corp. Aetna in 2018 and since then the fortune of the company has grown tremendously. The merger saw strong growth in both companies’ systems.

With a facility dating back to 1853, Aetna has amassed a long history that has made it a favorite of many insurance brokers.

Aetna has a dominance in the private market where it provides insurance to employees and their employers.

The company boasts of a network that includes 22.1 million medical members, 12.7 million dental members, 13.1 million pharmacy benefit management services members, 1.2 million healthcare professionals, more than 690,000 primary care physicians and 5,700 and specialists, and more than XNUMX hospitals.

5. Cigna

Cigna, in addition to being among the best health insurance companies in the world with very positive reviews, is also a big player in corporate health insurance policies.

Basically, Cigna is the darling of many companies who rely on their wealth of experience to obtain high value insurance policies.

Enter Cigna Insurance Benefits are dental, behavioral health, vision, supplemental health and Medicare/Medicaid.

As of 2020, Cigna ended the year with $160.4 billion in revenue. Cigna has branches in 29 states in the United States, including Washington DC.

6. Humana

Humana ‘s entry into the list of the world’s largest health insurance companies is not surprising. This is due to the size of the membership.

Humana basically started out selling long-term care insurance policies before moving into full-time health insurance policies.

Last year, Humana discontinued the new ACA policies for individual clients, but will continue to honor the existing ones.

Humana’s current focus is on the Medicare marketplace, with Medicare Advantage or Medicare Supplement plans (or both) offered in every state. Humana has more than 50,000 employees with a market capitalization of $50 billion.

7. Centene Corporation

In addition to being one of the largest health insurance companies in the US, Centene is also a globally recognized premium health insurance company.

The company ranks 24th on the Fortune 500 list of companies. Centene started as a non-profit organization in 1984 before going public in 2001.

Centene has a long history of acquisitions. Acquiring companies like Wellcare, Fidelis Care, Healthnet, Megallan Health in deals worth billions of dollars.

This acquisition helped solidify Centene’s position as an industry leader and one of the largest health insurance companies in the world. Centene has a valuation of $70 billion.

8. Molina Healthcare (MINSA) 

Molina Healthcare founded in 1980 is a publicly traded health insurance company in the United States.

The Ministry of Health, through government programs such as Medicare and Medicaid, has been at the forefront of providing health insurance policies for individuals and corporations in the United States.

Molina has been expanding ever since with locations in more than 12 states in the United States, as well as expansion into other insurance premium policies.

The company has more than 10,000 employees with a market capitalization of 15 million naira dollars.

When Molina first launched its health insurance program, 11 million registered people got their insurance under them.

9. Brilliant Health Group

Brilliant Health Group was founded by a former CEO of United Healthcare and entered the health insurance market in 2017. Since then, the company has been a critical part of the growth of health insurance in the United States.

BHG is on our list of the world’s largest insurance companies for a good number of things. BHG has not existed like many others, but it has carved out a recognizable space for itself in a short time.

Membership growth has increased to 500,000 and counting. They partner with a network of physicians and doctors to provide reduced health costs for a good number of people under their coverage.

BHG currently boasts a market capitalization of $9.7 billion, as well as making it into the league of the world’s top insurance companies.

10. CVS Health

With a market capitalization of more than $100 million and a wide range of health services and products, CVS Health is by far one of the largest health insurance companies in the world.

After making its mark in the pharmaceutical sector with CVS Pharmacy, the company has replicated the same feat in the health insurance industry.

CVS made its entrance on the scene with the acquisition of health insurance provider Aetna in a deal worth more than $60 billion.

The acquisition saw an increase in the company’s valuation, as well as giving them a place among the top health insurance companies in the United States. There are more than 304,000 medical and non-medical employers in the CVS workforce.

11. Kaiser Foundation Group of Health Plans 

Kaiser Foundation Group of Health Plans is a consortium of integrated managed health services.

Among Kaiser Permanente’s assets, as of December 31, 2018, the nonprofit Kaiser Foundation Health Plan and Kaiser Foundation Hospitals had 12.5 million members, 216,776 employees, 23,597 employees, 63,847 physicians, 724 nurses, medical centers, and XNUMX medical facilities.

Kaiser health insurance plans have been able to provide affordable, subsidized health care coverage for individuals and corporations under them.

Kaiser has a market cap of $80 billion with over 300,000 workers on its roster.

12. Bupa

We cannot finish the list of the world’s largest health insurance companies without mentioning Bupa .

Basically, Bupa is an industry giant with decades of experience as a major health insurance underwriter. Bupa has a great global perspective with branches spread across major cities around the world.

Bupa’s 31 million members are among the highest in the world. Bupa insurance policies cover both individuals and corporations.

The company has also established fully equipped hospitals and health institutions to provide satisfactory medical care to its many members. Bupa is valued at more than £20 billion.

13. Medibank

As well as being one of the largest medical health insurance companies in Australia, Medibank is also a global player in the health insurance space.

The company has a large community of more than 3.7 million members covered by Medibank insurance policies.

It started out as a non-profit organization before becoming a publicly traded company with an estimated annual revenue of $6 billion.

Medibank has also partnered with other health institutions with some acquisitions that helped establish its place in the league of the world’s leading health insurance companies.

14. Manulife Financial Corporation  

Manulife is a diverse insurance company with many branches of insurance policies. The company is based in Canada, but has offices in Asia, the Americas and Europe, as well as other remote partners.

With an establishment dating back to 1887, the company has gathered enough knowledge to make the list. As a result of a grant received from the China Insurance Regulatory Commission (CIRC) in 2002, a Manulife branch was established in Guangzhou, China. The branch was the first foreign-invested joint venture life insurance firm to obtain a license in the country.

Manulife has a global customer base of 26 million people and a market capitalization of more than 60 billion Canadian dollars.

15. Energy Finance Corporation

Financial Power also acts as a holding company that provides other financial and investment services in addition to health insurance.

Currently, Power Financial’s market capitalization is over $21 billion. The company is divided into various segments, including LifeCo and IGM.

LifeCo is the company’s main insurance segment, while IGM is its financial planning subsidiary.

It is one of the largest health insurance companies in Canada in terms of global coverage, it has a presence in several countries such as Canada, Europe, Asia and the United States.


Health insurance has continued to grow as the need for quality, affordable health care continues to be widely advocated.

A good number of the insurance companies listed have contributed greatly to the quality health care of their many members.

From the high turnover in written premiums to the member base, all the companies mentioned above have what it takes to make the list of the 15 largest health insurance companies in the world.

The quality of their service is above average.

Frequently asked questions about health insurance companies

Who is the largest health insurance company in the world?

The largest health insurance company in the world based on industry reviews and written premium is UnitedHealthcare.

What is the number one health insurance company in the United States?

The #1 health insurance company in the US is UnitedHealthcare.

What is the difference between Kaiser and UnitedHealthcare?

For PPOs, United is the only real option since Kaiser is primarily an HMO. Kaiser is cheaper for HMOs (generally), although United does offer some narrow-network HMO plans that are comparable in terms of pricing.


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