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8 P&C companies among Fortune's 2017 'World's Most Admired Companies'

Find out which eight P&C companies are most respected by business leaders from around the world. (Photo: Shutterstock)
Find out which eight P&C companies are most respected by business leaders from around the world. (Photo: Shutterstock)

A good reputation in the insurance industry is invaluable.

Reputation permeates and influences all aspects of a company and a good reputation is a must for any insurance business that wants to survive and grow. 

Respect of peers

Many organizations consider their good name or reputation to be their greatest asset. It's no surprise that the trust and confidence of peers, as well as the consumer, can have a direct and profound effect on an organization's bottom line. 

To create its annual list of the World's Most Admired Companies, Fortune magazine asked 3,800 executives, directors and analysts to select the 10 companies they admired most across nearly 50 industries. A total of 680 companies in 28 countries where considered.

"Having the respect of your peers and your competitors is absolutely crucial in business and almost everywhere else," said Fortune's Assistant Managing Editor Nicholas Varchaver in a video that accompanied the list. "Fortune's World's Most-Admired Company's List is a list that embodies precisely that idea."

Which companies are the 10 most admired overall?

1. Apple
3. Starbucks
4. Berkshire Hathaway
5. Disney
6. Alphabet (Google)
7. General Electric
8. Southwest Airlines
9. (Tie) Facebook / Microsoft

Most admired P&C companies 

Fortune lists overall top rankings (or All-Stars), as well as rankings by industry. Here are the eight property and casualty insurance most admired companies (by industry ranking), including two top ranked All-Stars:

Allianz insurance company flags

8. Allianz 

Location: Munich, Germany

Overall score: 5.44

Related: How to establish your professional brand and make a lasting first impression

Liberty Mutual Insurance logo

7. Liberty Mutual Insurance Group

Location: Boston, Massachusettes

Overall score: 5.56

Related: Customer loyalty begins with the insurance sales process

Travelers Cos. building sign

6. Travelers Cos.

Location: New York City

Overall score: 5.61

Related: 3 key strategies for growing your insurance agency

Nationwide flag

4. Nationwide (tie)

Location: Columbus, Ohio

Overall score: 5.74

Related: How to: Over-the-top customer service

Swiss Re building sign

4. Swiss Re (tie)

Location: Zurich, Switzerland

Overall score: 5.74

Related: 11 do's and don'ts on how to handle your insurance competition

State Farm insurane sign

3. State Farm Insurance

Location:  Bloomington, Illinois

Overall score: 5.97

Related: Among cavemen and geckos: How to stand out in the crowded insurance marketplace

USAA insurance logo

2. USAA (No. 25 overall)

Location: San Antonio, Texas

Overall score: 6.5

Related: 5 trust builders for smarter insurance claim settlements

Berkshire Hathaway Inc. logo

1. Berkshire Hathaway (No. 4 overall)

Location: Omaha, Nebraska

Overall score 6.86

Related: Protecting your online reputations is priceless


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