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Allianz leading the life insurance market

10/24/11

Allianz recently reported a 3.2 percent share of the global life insurance market, making the insurance company the leader in the billion dollar market.

The global life insurance market is valued at more than $2 billion, growing by 4.7 percent in the year 2010. The market is predicted to have a value of close to $3 billion by 2015, pushing the field toward a 27.7 percent increase.

Allianz is a leading provider of retirement solutions, including fixed and variable annuities and life insurance for individuals. The company has received outstanding ratings from A.M. Best, Standard and Poor's as well as Moody's, who all gave Allianz excellent, very strong and good ratings, respectively.

The insurance provider is thriving in a market that many Americans are forgoing. According to a study conducted by LIMRA, more than 35 million American households were without any form of life insurance coverage in 2010. Heads of households who do not have a life insurance policy may benefit from obtaining coverage in order provide some financial security for their loved ones. Searching the web for quote comparison websites may be a helpful way to find a policy that fits a particular person's lifestyle and budget.

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