ÖRAG
| ÖRAG Rechtsschutzversicherungs-AG
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|---|---|
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| legal form | Corporation |
| founding | 1970 |
| Seat |
Dusseldorf , Germany
|
| management |
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| Number of employees | 356 |
| Branch | Insurance |
| Website | www.oerag.de |
| Status: 2019 | |
The ÖRAG Rechtsschutzversicherungs-AG is the legal protection insurance in the association of public insurance companies and the Sparkassen-Finanzgruppe .
Founded in 1970, ÖRAG continues to occupy fifth place in the German legal protection market with a premium volume of almost 370 million euros and almost 2 million contracts (as of 2019).
ÖRAG also bears the costs for an out-of-court solution with the involvement of a mediator .
history
On April 1, 1970, the public insurers founded the ÖRAG Rechtsschutzversicherungs-AG with the aim of being able to offer the customers of the public insurers comprehensive legal protection. As early as 1974, ÖRAG was managing more than 100,000 contracts with a premium volume of more than DM 10 million.
The legal protection service center started on January 1st, 1992 with three employees to help customers, lawyers and employees of the regional offices quickly and unbureaucratically. At the same time, ÖRAG Service GmbH (today Deutsche Assistance Service GmbH) was founded. To this day, it offers public insurers and their sales partners assistance services for a wide variety of insurance products.
In 2009, with DRS Deutsche Rechtsanwalts Service GmbH, ÖRAG established a management company for the range of upscale legal services in the association of public insurers and the savings bank finance group.
In 2011, another subsidiary was founded with Deutsche Assistance Versicherung AG, which immediately began operating. In terms of its orientation, the company focuses on the function of the central product provider and risk carrier.
owner
About 80 percent of the shares belong to the public insurers and almost 20 percent to the public reinsurers ( Association of Public Insurers and Deutsche Rück ).
subsidiary company
- DRS Deutsche Rechtsanwalts Service GmbH
- Deutsche Assistance Versicherung AG