This past year, the world's largest companies, including 18 property and casualty insurance companies, saw cumulative sales decline for the first time since 2010.

In 2015, revenue for the Fortune Global 500 declined 11.5 percent, and total profit declined 11.2 percent.

A slowdown in China's once-booming economy has affected companies worldwide. In addition, sustained low oil prices have erased billions in sales for giant petroleum producers. But the strengthening of the United States dollar and its impact on global trade has had the largest impact on revenues for the world's largest companies.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].

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