This paper investigates how the European Company (SE) is used in the insurance industry and discusses the reasons for choosing the corporate form by large multinational insurance corporations. The study is carried out by analysing already established SEs in the insurance sector and what benefits this corporate form brings them. The article utilizes doctrinal analyses of the legal acts regulating the SE together with the empirical data collected from various reports, press releases, interviews and other forms of personal communications with the representatives of the SEs in the insurance sector and experts in the field.