MUMBAI: With nearly $554 billion, LIC has moved up in the rankings of insurers in terms of non-bank assets. Despite depreciation of the rupee, it is ranked 12th as compared to the 13th position it held a year ago in a global list compiled by rating agency AM Best. In terms of net premiums written, LIC maintained its 16th position. According to the list released on Monday, LIC’s net premiums rose by 11% to $58 billion.The top companies in terms of non-banking assets are Allianz ($1 trillion) and Ping An ($960 billion).