8. China Life Insurance | Top 10 BRIC companies
The world's life insurance leader.
Market capitalisation: $125 billion
After the dismal performance in the last few years of former industry heavyweights AIG and ING, China Life is now the world's leading insurance provider..
As with all the giant Chinese companies, China Life is state owned and controlled. It is the successor to the People's Insurance Company of China, which was established on China's becoming a communist nation in 1949.
The company is dominant in its domestic market, with over half of the insurance policies in China issued through China Life. Backing all this up is a formidable network of some 15,000 offices and 640,000 agents throughout the country.