Number six, the first half of eighteen saw forty seven Mtr and acquisitions worth twenty eight point three trillion in the insurance industry is centralization. The value of Mgriz and acquisitions rose, steeply in the last year alone in the first half, there were three of one mtrizations worth ten point four billion dollars, and the value has doubled in this year alone.
The increasing dependence on insurance as a backup plan is driving insurance capital through the roof. Number seven, the average person will spend two thirty of one thousand dollars on health insurance alone. During their lifetime adjusted foreign inflation and minor dependency, an average American will spend almost a quarter of a million dollars on health insurance alone in their lifetime.
This is a significant percentage of wealth, considering how many years one can live in retirement on that. When you factor in life auto and home insurance, you can definitely see why the industry is so healthy.
Number eight Ax is considered a top insurer, partly because of its presence in China. Although probably not a household name in the US global player in the insurance industry, it has holdings in North and South America, Africa, Asia and Europe.
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