Public insurer

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Public insurers are insurance companies that are publicly owned .


In Germany there are eleven public insurance groups that are part of the Sparkassen-Finanzgruppe and the Association of Public Insurers . Together they have a market share of just under 11.0% (as of 2018).

Organizational matters

The public insurers are owned by the savings banks and savings bank associations and are therefore an integral part of the savings bank finance group. The savings banks and public building societies are therefore also the main distribution channels for public insurers.

While the companies were traditionally run in the legal form of an institution under public law , today many of the companies are stock corporations .

The reinsurers are VöV Rückversicherung KöR and Deutsche Rückversicherung .


Public insurers were founded (mostly in the 18th century) as municipal or state-owned companies. One of the modernizers of the public insurance system in the 19th century was Karl von Hülsen . The history of the companies has been shaped by a large number of mergers. In many cases, they were designed as monopoly insurance in the field of fire insurance . The monopolies were abolished in 1994 to create a single European insurance market. In order to increase the companies' chances in competition, the federal states subsequently sold their holdings to the savings banks.

Due to their history, public insurers are particularly committed to the common good , damage prevention and damage research . Therefore they jointly maintain the Institute for Loss Prevention and Loss Research of the Public Insurers eV They also support the fire brigades .


Here is a list of the companies in the association with the gross premium income booked for the 2018 financial year:

Public insurers in Germany
Companies Premium
income 2018 (€ million)
Federal states
Insurance Chamber Bavaria Group 8,314 Bavaria, Palatinate, Berlin, Brandenburg, Saarland
Provinzial NordWest Group 3,464 North Rhine-Westphalia, Schleswig-Holstein, Mecklenburg-Western Pomerania, Hamburg
SV SparkassenVersicherung 3.131 Hesse, Thuringia, Baden-Württemberg, parts of Rhineland-Palatinate
Provincial Rhineland Group 2,845 North Rhine-Westphalia, parts of Rhineland-Palatinate
VGH insurance 2,186 Lower Saxony, Bremen
Savings Bank Insurance Saxony 722 Saxony
Public Insurance Braunschweig 409 Altes Land Braunschweig in Lower Saxony
Baden community insurance association 368 former administrative district of North and South Baden in Baden-Württemberg
ÖSA - Public Insurance Saxony-Anhalt 297 Saxony-Anhalt
Public insurance Oldenburg 257 former State of Oldenburg in Lower Saxony
East Frisian Landscape Fire Fund 39.9 former administrative district Aurich Lower Saxony
Public Insurance Bremen 26th Bremen

Web links

Individual evidence

  1. Thomas Rabe : Liberalization and deregulation in the European single market for insurance. Duncker & Humblot, 1997. ISBN 3428487699 .
  2. Sparkasse insurer under suspicion of aid , article of January 18, 2008 in the FAZ, p. 14.
  3. ^ Situation of the public insurers in Germany Scientific services of the German Bundestag , state of affairs from May 20, 2016.