Insurance behemoth Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand globally, according to a report Brand Finance Insurance 100 2024. Cathay Life Insurance is the second strongest brand, experiencing a 9 per cent increase in brand value to USD 4.9 billion, closely followed by NRMA Insurance. China Life Insurance and AXA from France retain their spots in the 2nd and 5th positions to complete the Top 5.