Global Insurance Potentially Undervalued Small Caps

Bangkok Union Insurance

Market Cap: ฿567.2m

Provides general insurance products in Thailand.

Sonali Life Insurance

Market Cap: ৳4.0b

Engages in the life insurance, pension, and group insurance business in Bangladesh.

China United Insurance Service

Market Cap: US$3.1k

China United Insurance Service, Inc., through its subsidiaries, provides brokerage services related to life, and property and casualty insurance products in Taiwan, Hong Kong, and People’s Republic of China.

Nippon Insure

Market Cap: JP¥6.7b

Provides rent guarantee for rental housing services in Japan.

Delta Insurance

Market Cap: ج.م1.4b

Engages in the insurance business in Egypt.

AMS Osiguranje a.d

Market Cap: дин1.2b

Operates as an insurance company in Serbia.

National Reinsurance Corporation of the Philippines

Market Cap: ₱2.1b

Engages in the provision of life and non-life reinsurance to insurance companies in the Philippines and neighboring insurance markets.

Sanlam Allianz Holdings (Kenya)

Market Cap: KSh4.5b

A non-banking financial institution, engages in underwriting life and non-life insurance risks in Kenya.

Takaful International Company B.S.C

Market Cap: ب.د11.4m

Operates as an Islamic insurance company in the Kingdom of Bahrain.

Cosmos Insurance Company

Market Cap: €18.0m

Engages in the provision of general insurance products to individuals and businesses in Cyprus.