ARAG SE

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ARAG SE

logo
legal form Societas Europaea (SE)
founding 1935
Seat Dusseldorf
management
  • Renko Dirksen
  • Matthias Maslaton
  • Wolfgang Mathmann
  • Hanno Petersen
  • Joerg Black
Number of employees 4152
sales 1.68 billion euros
Branch Insurance
Website www.arag.com
As of July 1, 2019

The ARAG SE is the operating holding company of the German ARAG Insurance Group. ARAG stands for A eneral R real-protection insurance AG . The corporate headquarters of the ARAG Group is in the ARAG Tower at the Düsseldorf financial center . The asset and investment management company ARAG Holding SE is the parent company of the group.

ARAG is the largest German family-owned insurance group. In the 2018 financial year, ARAG managed 7.1 million policies, 3.6 million of which were in international business. This makes the ARAG Group one of the three largest legal expenses insurers worldwide .

ARAG Tower , Düsseldorf, with corporate headquarters
The ARAG Group is in a total of 15 European countries (Belgium, Denmark, Germany, Greece, Italy, Luxembourg, the Netherlands, Norway, Austria, Portugal, Great Britain, Sweden, Switzerland, Slovenia, Spain) as well as in the USA and since 2016 also in Canada active.

history

In 1935, the Deutsche Auto-Rechtsschutz-AG (DARAG) was founded by the Düsseldorf entrepreneur and lawyer Heinrich Faßbender as a legal protection insurance company.

After an expansion beyond pure traffic legal protection in 1949, further lines (composite insurance ) were opened up in the insurance industry in 1962 and at the same time the international marketing of the legal protection insurance business idea began. From 1965 the ARAG Group entered the life insurance business and from 1985 into the health insurance business, for which other insurers were taken over. ARAG Krankenversicherungs-AG operates its insurance business from Munich, the second German company location of the ARAG Group. The life insurance line of business was sold to the Frankfurter-Leben Group with retroactive effect from January 1st in 2017.

Over the years, further acquisitions and the founding of international legal protection insurance companies followed. In December 2011, ARAG took the advancing internationalization into account by transforming it into a European stock corporation (SE).

In 2001, the group headquarters, the ARAG Tower in the Mörsenbroich district of Düsseldorf, was built by Lord Norman Foster and the Düsseldorf architects RKW Rhode Kellermann Wawrowsky Architektur + Städtebau.

As of 2019, the group is active in 17 countries.

structure

Paul-Otto Faßbender is the majority shareholder (main owner) of the ARAG group and, as CEO, is responsible for the central group functions. At his side are the board members Renko Dirksen, Matthias Maslaton, Werner Nicoll, Hanno Petersen and Joerg Schwarze. The operational insurance companies are located below this board level.

ARAG Holding SE

As the parent company , ARAG Holding SE, which manages assets and investments, forms the corporate umbrella of the group.

ARAG SE

ARAG SE (until the beginning of December 2011 still ARAG Allgemeine Rechtsschutz-Versicherungs-AG) is the Group's operative management company and manages national and international legal protection business. The insurance companies of the composite and health insurance lines as well as the group's service companies are grouped under this operational holding company.

ARAG Allgemeine Versicherungs-AG

The ARAG Allgemeine Versicherungs-AG is the casualty of the Group. In addition to liability insurance, the insurance range also includes household contents, accident insurance, accident annuity, as well as building and business insurance. In addition, ARAG Allgemeine is Europe's largest sports insurer with over 20 million popular and top-class athletes insured. The subsidiary Interlloyd Versicherungs-AG is focused purely on broker sales.

ARAG health insurance company

The range of insurance in the health insurance segment in Germany extends from full private health insurance to supplementary health insurance, compulsory long-term care insurance, supplementary long-term care insurance and health insurance abroad. The company's business area is Germany.

ARAG Lebensversicherungs-AG

Until 1981 Gisela Allgemeine Lebensversicherungs- und Aussteuer-Versicherungs-AG , ARAG Lebensversicherungs-AG had been a shareholding of ARAG since 1965. In September 2016, the ARAG Group announced that ARAG SE would sell its 92 percent stake in ARAG Lebensversicherungs-AG to the Frankfurter Leben Group, as the Group is reorganizing its group structure and focusing on the long-term growth areas of property and Focused on health insurance. The sale was completed in 2017.

Sponsorship

The ARAG Group acts as a sponsor in table tennis . The group has been the main sponsor of the Borussia Düsseldorf table tennis club since 2001 and of the German Table Tennis Association since 2006 . The group is also the personnel sponsor of Timo Boll and Dimitrij Ovtcharov .

Social responsibility

With the support of the Ministry of Schools and Education of the State of North Rhine-Westphalia (NRW), the group has been offering the “Conflict Management in Schools” funding project since 2014. The focus is on the introduction of comprehensive quality standards for conflict management structures, prevention and intervention measures at secondary schools and vocational colleges in North Rhine-Westphalia.

With similar objectives, the company has also been promoting MediationsZentrale München e. V. Together with the German Children and Youth Foundation (DKJS), the ARAG Group launched the “education.digital” program in 2017. Schools are supported in developing and anchoring concepts of digital education.

Since 2017, the group has paid particular attention to protecting personal rights on the Internet. For this purpose, a legal alternative to the controversial Network Enforcement Act (NetzDG) ​​was developed with the Research Center for IT Law and Network Policy at the University of Passau .

On the website www.hass-streichen.de, ARAG has been bundling support and information for those affected and interested in everything to do with cyber violence since 2019.

criticism

The dealings with its own representatives as well as various insurance offers from Arag caused criticism several times, especially from the Federal Association of German Insurance Merchants .

In 2004, Arag presented its insurance agents with new contracts in which the BVK saw the risk that agents could be deprived of the “economic basis of their independent brokerage activity”. The association also criticized the allegedly necessary dealings with the representatives.

From September 2007 Arag sold its Kids & Klar child protection for four weeks through branches of the discounter Penny . The BVK complained that in this case there was no professionally competent insurance advice and that the requirements of brokerage law could hardly be met.

In March 2008, the life insurance company, together with other insurance companies as consortium leader, introduced the so-called Deutschland Rente , a unit-linked pension insurance for which customers receive a special Mastercard from the Santander Consumer Bank . Under the slogan "Shoppen für die Rente", sales made with this credit card are credited to the pension account at 0.5%. There are also credits for online purchases from certain partner companies. Such insurance was also offered in branches of Discounters Plus . The BVK said that the slogan was "thoughtless and dangerous, it suggests that you can build up an adequate pension in this way". In fact, the example calculations show only small increases in pension payments. The consumer advice center Baden-Württemberg also objected to the connection between old-age provision and discount campaigns when shopping. In the following month, the Federal Financial Supervisory Authority assessed the action critically and consulted with the group. At the same time, allegations became known that an incorrect ranking had been published in the advertisement for the offer. The company denied that it was internal documents.

Web links

Individual evidence

  1. ↑ a b c d Annual Report 2018. Consolidated Financial Statements . ARAG Holding SE, accessed on July 11, 2019.
  2. ↑ a b ARAG is preparing for a permanent phase of low interest rates and is reorganizing its business . ARAG Holding SE, accessed on July 11, 2019.
  3. ↑ a b Sale of ARAG Lebensversicherungs-AG: owner control procedure successfully completed . ARAG Holding SE, accessed on July 11, 2019.
  4. ↑ Press release on the change of name and legal form. ARAG Corporate Communications, December 5, 2011, accessed on January 17, 2012 .
  5. ↑ ARAG now also active in Canada. ARAG SE, accessed on September 27, 2016 .
  6. ↑ Company data - ARAG group structure. ARAG Corporate Communications, July 11, 2019, accessed on August 26, 2011 .
  7. ↑ Annual Report 2015. ARAG SE, accessed on September 27, 2016 .
  8. ^ Heinz Leo Müller-Lutz (Ed.): Contributions to the history of the German insurance industry . Part II. Verlag Versicherungswirtschaft, Karlsruhe 2005, ISBN 3-89952-193-5 , p. 120 ( online version of GoogleBooks [accessed November 2, 2010]). ; Quote: “Arag Allgemeine has a leading position in sports insurance. Through collective agreements, it insures the members of popular sports organized through the state sports associations and the competitive athletes sponsored by the Deutsche Sporthilfe Foundation. "
  9. ↑ Company data . Interlloyd Versicherungs-AG, accessed on July 11, 2019 .
  10. ↑ Our story . ARAG SE. Retrieved August 22, 2015.
  11. ↑ Conflict Management in Schools . ARAG SE. Retrieved July 11, 2019.
  12. ↑ MediationsZentrale Munich: Voluntary work . ARAG SE. Retrieved July 11, 2019.
  13. ↑ What we are doing specifically: The education.digital program . ARAG SE. Retrieved July 11, 2019.
  14. ↑ Better protect assets in the network . ARAG SE, accessed on July 11, 2019.
  15. ↑ ARAG admits errors - conversation between BVK and ARAG ( Memento of the original from December 25, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , Federal Association of German Insurance Merchants, December 22, 2004, accessed on March 4, 2011  @1@ 2Template: Webachiv / IABot / www.bvk.de
  16. ↑ discounter REWE Group and ARAG Group show with a new child protection ARAG Kids & Clear Child Protection innovative strength . Dated September 6, 2007. Retrieved March 3, 2011
  17. ↑ ARAG can't help it: Insurance from the Penny Shelf ( Memento of the original from December 25, 2010 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , Federal Association of German Insurance Merchants, September 7, 2007, accessed on March 4, 2011  @1@ 2Template: Webachiv / IABot / www.bvk.de
  18. ↑ Shopping for retirement - old-age provision at PLUS. banktip.de, March 13, 2008, archived from the original on October 21, 2008 ; Retrieved December 27, 2013 .
  19. ↑ a b Shoppen für die Rente , Focus.de, March 12, 2008, accessed on March 4, 2011
  20. ↑ Deceptive shopping retirement ( memento of the original from December 25, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , Federal Association of German Insurance Merchants, March 19, 2008, accessed on March 4, 2011  @1@ 2Template: Webachiv / IABot / www.bvk.de
  21. Jump up ↑ "Shoppen für die Rente" , Handelsblatt.com, April 24, 2008, accessed on March 4, 2011
  22. ↑ The crux of advice  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. from boerse-online.de on April 25, 2008, accessed on March 3, 2011@1@ 2Template: Dead Link / www.boerse-online.de  
  23. ↑ ARAG advertises 'Deutschland RENTE' with the wrong ranking - Analysis house Morgen & Morgen is considering lawsuit against Düsseldorf insurance group , Markt-intern.de according to investment intern, April 2, 2008, accessed on March 4, 2011
  24. ↑ "Deutschlandrente" a swindle pension? ( Memento of the original from November 25, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , Finblog.de, April 2, 2008, accessed March 4, 2011 @1@ 2Template: Webachiv / IABot / www.finblog.de

Coordinates: 51 ° 14 '59.4 "  N , 6 ° 48' 2.4"  E