According to a survey of insurance experts, digital and human capital transformation is accelerating. Nearly 4 percent will be added to the demand for insurance in 2022, up from just over 3 percent in 2021. This upward trend will be led by expansion in China and other emerging markets. In 2022, Swiss Re expects the insurance industry’s premiums to reach a record $7 trillion. Willis Towers Watson Public Limited Company and Humana Inc. are two of the best insurance stocks to buy right now.
Here is Insider Monkey’s list of the 10 best insurance stocks to buy now. US-based Allstate Corporation sells insurance policies across the border in both countries. Shares of JPMorgan Chase have been upgraded to an Overweight rating with a price target of $146 by an analyst. Given the expected rise in interest rates in 2022, the company’s financial results are expected to improve. There are a number of insurance companies in Switzerland, including Chubb Limited. Investors from some of the world’s most prominent hedge funds have large stakes in the company. A total of 30 hedge funds had $1.2 billion invested in Chubb Limited at the end of the third quarter of 2021. American International Group, Inc. is an insurance company based in New York City. For the past eight years, it has distributed a dividend to shareholders. With 31 million shares worth over $1.7 billion, Harris Associates is a major shareholder in AIG. There are a variety of services offered by Prudential Financial Inc. The stock has seen an influx of interest from hedge funds. Insider Monkey’s database shows that 33 hedge funds had $460 million invested in PRU at the end of the third quarter of 2021. A financial services company, MetLife, Inc. specializes in insurance. The stock has risen to a new high in the last few days. Media reports suggest that the company is considering the sale of its variable annuity division. For more details, click 10 Best Insurance Stocks To Buy Now.