Insurance protects against a possible eventuality. It is a necessity in today’s world. Insurance is a huge business. Global insurance sector is worth more than $3.3 trillion.

Here is a brief overview of the top 10 richest insurance companies in the world by assets as of 2014.

10) Legal & General – $507.935 Billion

Founded: 1836
Headquarters: London, United Kingdom

The Legal and General Group Plc is a British multinational financial services company. Its products include general insurance, life insurance, pensions and investments.

9) Assicurazioni Generali – $547.924 Billion

Founded: 1831
Headquarters: Trieste, Italy

Assicurazioni Generali S.p.A is the largest insurance company in Italy. In 2010, it was the second largest group in the world by revenue after AXA.