German property insurance

The German insurance AG was a life insurance company in Germany in the period of National Socialism .

history

The German Labor Front (DAF) had taken over a number of union-owned companies after the free trade unions were banned. In the insurance sector, these were primarily Volksfürsorge , Deutscher Ring and Deutsche Leben . This branch of the insurance business grew disproportionately. One reason was the motorization promoted by the regime, which caused a strong growth in motor vehicle insurance.

On December 15, 1936, the three subsidiaries of the DAF insurance companies were merged to form Deutsche Sachversicherung AG. These were the "Volksfürsorge Allgemeine Versicherung", the "Deutscher Ring Allgemeine Versicherung AG" and the "Deutsche Feuerversicherung AG". The merger created a company with around 450 employees who sold its policies through tens of thousands of part-time sales representatives. The premium income amounted to 12.2 million RM in 1937. In 1943 there were 573 employees who managed a portfolio of 1.5 million contracts.

The end of the Nazi era also meant the end of Deutsche Sachversicherung AG. After the war, the property insurance business was operated separately again, and the Volksfürsorge Deutsche Sachversicherung AG and Deutscher Ring Sachversicherung AG emerged .

literature

• Rüdiger Hachtmann: The economic empire of the German labor front 1933-1945. Wallstein, Göttingen 2012, ISBN 978-3835310377 , pp. 260-261 and 641.