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).
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:
income 2018 (€ million)
|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|
- Strong in a large community ( Memento from July 18, 2011 in the Internet Archive )
- Association of Public Insurers
- German back
- VöV reinsurance KöR 
- ↑ Thomas Rabe : Liberalization and deregulation in the European single market for insurance. Duncker & Humblot, 1997. ISBN 3428487699 .
- ↑ Sparkasse insurer under suspicion of aid , article of January 18, 2008 in the FAZ, p. 14.
- ^ Situation of the public insurers in Germany Scientific services of the German Bundestag , state of affairs from May 20, 2016.