German ring

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This article or section needs to be revised: Meanwhile, is there are two separate companies, the German ring life insurance AG was lt. Basler.de on joint-stock life insurance Basler renamed. Possibly. Keep this article as a former company and incorporate the successor at Basler Insurance and Signal Iduna ?
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Deutscher Ring Lebensversicherung AG

logo
legal form Corporation
founding 1913
Seat Hamburg , Germany
management Frank Grund, CEO since November 2008
Number of employees 2,600 in the office and 1,350 in the field as a full-time agent (2005)

Deutscher Ring was the name of a German insurance group whose larger parts of the company were merged with Basler Versicherungen . Basler Versicherungen belongs to the Swiss insurance group Bâloise . Only Deutscher Ring Krankenversicherung still exists as a special brand of SIGNAL IDUNA Krankenversicherung a. G.

The former head office of the Deutsches Ring on Ludwig-Erhard-Strasse in Hamburg opposite the Michel is now a location of Basler Insurance Germany.

Exterior view of the Deutscher Ring in August 2005; Hamburg's Michel is reflected in the glass facade
Basler Insurance Germany location in Hamburg in June 2013

Former companies

Insurance group or bank new company former company Remarks
Basler Insurance Basler Lebensversicherungs-AG Deutscher Ring Lebensversicherungs-AG was renamed on December 21, 2012.
Basler Financial Services GmbH Deutscher Ring Financial Services GmbH was renamed on December 21, 2012.
Basler Sachversicherungs-AG Deutscher Ring Sachversicherungs-AG Deutscher Ring Sachversicherungs-AG and Avetas Versicherungs-AG were merged into Basler Sachversicherungs-AG on September 1, 2013.
Basler Beteiligungsholding GmbH Deutscher Ring Beteiligungsholding GmbH was renamed on April 8, 2014.
Basler Sach Holding AG German PensionsRing AG was renamed on September 23, 2014.
SIGNAL IDUNA Signal Iduna Health Insurance a. G. German Ring Health Insurance Association joined the Signal-Iduna Group in 2009 and merged with Signal Krankenversicherung a in August 2017. G., which has since been operating as Signal Iduna Health Insurance a. G. operates. The Deutscher Ring Krankenversicherung brand continues to exist within this group .
BAWAG Group start: bausparkasse AG Deutscher Ring Bausparkasse AG was sold to BAWAG Group in December 2017 and has been operating as start: bausparkasse AG since January 1, 2019 .

Former company structure

breakdown

Today, Deutscher Ring (DR) stands for a financial services group made up of various insurance companies with interlinked holdings. The company structure is currently as follows:

  • The German ring life insurance AG and the German ring Sachversicherungs-AG are 100% owned by Basler Versicherung Beteiligungsgesellschaft mbH , in turn, through a holding box to 100% by the Baloise is controlled -Holding.
  • The German PensionsRing AG is a 100 -% - subsidiary of the German ring life insurance AG .
  • The German Ring Health Insurance Association joined the Signal-Iduna Group in 2009 and merged with Signal Krankenversicherung a in August 2017. G., which has since been operating as Signal Iduna Health Insurance a. G. operates. The Deutscher Ring Krankenversicherung brand continues to exist within this group.
  • The German Ring Financial Services GmbH is indirectly 100% of the German Ring Sachversicherungs-AG controlled.
  • The German Ring Bausparkasse AG (now start: Bausparkasse AG) of several German-ring company was held with the following participation rates:
    • 55% Deutscher Ring Lebensversicherungs-AG
    • 35% Deutscher Ring Krankenversicherungsverein aG
    • 10% Deutscher Ring Sachversicherungs-AG

Deutscher Ring Beteiligungsholding GmbH has the same shareholder structure - also with the same participation rates .

Another company in the Deutscher-Ring-Verbund, Deutscher Ring Supportungskasse e. V. , according to the company, is " integrated into the Deutscher Ring group as an independent association "

Management hierarchy

The management hierarchy at Deutsche Ring has become very flat after the realignment and optimization in 2002; There are only 3 management levels:

  1. Board
  2. Management level 1 (divisional heads are directly below the board departments in the organizational scheme)
  3. Management level 2 (department head)

In 2007 the management structure of the sales force was essentially changed. Units were merged and the regional directorates became sales directorates with slightly different tasks.

Sales representative

The field service of the Deutsches Ring is coordinated by regional directorates (LD) and sales directorates (VD); the freelance agencies are subordinate to the latter. In each of the sales departments there is a sales assistant who supports the sales force in sales.

  • Regional Directorate North / East, divided into the four sales departments Hamburg, Hanover, Leipzig and Berlin.
  • Regional Directorate West, divided into the four sales departments Düsseldorf, Dortmund, Cologne and Frankfurt.
  • Regional office south, divided into the five sales departments Munich, Nuremberg, Stuttgart, Freiburg and Karlsruhe

The sales representatives initially work for the agencies on a commission basis per contract. After several years of work and sufficient performance, the employees also receive a portfolio commission for existing contracts that they have concluded.

Exclusivity agreement

As a rule, the sales representatives have to sign an exclusivity agreement which obliges them to only sell products from the Deutscher Ring and Basler-Securitas. In the event that the field service agent wants to sell a contract that is not offered by the two companies, Deutsche Ring has founded Vermittlungs GmbH . The sales representative may only sell third-party contracts through this. The Vermittlungs GmbH should primarily be used to keep regular customers loyal to the Deutsche Ring.

history

Collective registered share of Deutsche Ring Lebensversicherungs-AG from October 1, 1935

Today's life insurance company of the Deutscher-Ring-Gruppe, the Deutscher Ring Lebensversicherungs-AG , was founded in Hamburg in 1913 as a public insurance company of the German National Sales Aid Association , a former white-collar union. In 1923 the transport insurance , which later became Deutscher Ring Sachversicherungs-AG , was founded. In 1925, today's German Ring Health Insurance Association was founded.

In 1929 the companies were merged to form an insurance group under the uniform name Deutscher Ring , which the group still bears today. In the same year the cooperation with the NSDAP was started and a death benefit insurance ( auxiliary fund of the NSDAP ) was introduced for NSDAP members and their relatives. At the same time, the Deutsche Ring hired numerous unemployed NSDAP members as advertisers and thus benefited from the rise of the NSDAP. In 1933, owned by the nationalist and anti-Semitic German National Sales Aid Association, the company was the first large private health insurance company to stipulate by statute not to insure Jews. In 1933 the Deutscher Ring was integrated as a company of the German Labor Front . The unions were banned and their companies were added to the DAF. In 1936 the subsidiary of the Deutscher Ring for property insurance , the "Deutscher Ring Allgemeine Versicherung AG", was spun off and merged with the " Volksfürsorge Allgemeine Versicherung" and "Deutsche Feuerversicherung AG" to form Deutsche Sachversicherung AG.

After the end of the Second World War , the Deutscher Ring company was liquidated by Control Council Act No. 57 of August 30, 1947. The business operations were transferred to the newly founded Neue Welt Lebensversicherungs-AG and Neue Welt Krankenversicherungsverein aG . As a result of the reorganization, the German Employees' Union (DAG) took over the life insurance shares. 1953 returned to the original name Deutscher Ring .

From the DAG acquired Rudolf August Oetker , Managing Director of Dr. August Oetker KG , in 1960 the majority of the share capital of Deutscher Ring Lebensversicherungs-AG.

Today's Deutscher Ring Financial Services GmbH was founded in 1971 , through which the sale of equity and pension funds takes place for the first time in the history of the Deutscher Ring. In 1972 Deutscher Ring Bausparkasse AG was founded .

In 1985 the Basler Versicherungsgruppe , a Swiss insurance group based in Basel , acquired the majority of shares in Deutscher Ring Lebensversicherungs-AG . In addition, she took over the entire block of shares in Deutscher Ring Sachversicherungs-AG . The German ring bought in the same year to increase its sales structures majority stake in investment advisory company OVB , today OVB Holding AG.

In 1986, Deutsche Ring first joined Zeus Vermittlungsgesellschaft mbH , in which it now holds a majority stake. The offices of the headquarters of the Zeus Vermittlungsgesellschaft are today (as of 2005) right next to the Deutsches Ring in a building that was rented by the Deutsches Ring to the Zeus Vermittlungsgesellschaft. In 1990, the German Ring was again represented in East Germany for the first time in 45 years. The year of the opening of the wall is referred to by many insurance companies as the golden year , as the "demand" for insurance in the east was very great after the opening of the wall. To improve sales, the East Regional Directorate was founded in Leipzig as the first regional directorate in East Germany .

After a number of difficult years, Deutsche Ring felt compelled to realign its business towards provision and lifelong care (the provision packages) for private individuals. In the course of the realignment, Deutscher Ring Sachversicherungs-AG handed over the commercial and the entire motor vehicle business to its sister company Basler Securitas Insurance . Since 2001, Deutsche Ring has not sold its own car insurance, but rather products from Basler Securitas.

In 2002, the Basler Versicherungsgruppe acquired the remaining approximately 2.3% of the shares in Deutscher Ring Lebensversicherungs-AG from small shareholders .

In 2004, Deutscher PensionsRing AG was founded as a wholly-owned subsidiary of Deutscher Ring Lebensversicherungs-AG in order to expand the range of services in the then rapidly growing company pension market .

In 2005 the German subsidiary AEGON Lebensversicherungs-AG was taken over by the Dutch AEGON NV via a wholly-owned subsidiary. The AEGON Life Insurance Company was known in Germany by the insurance brand Moneymaxx. After the takeover, Deutsche Ring will continue to sell unit-linked products under this brand in Germany.

As a result of a falling out between the health insurance association and the Baloise , after the latter had replaced the management team of the Deutscher Ring companies controlled by it, the Deutscher Ring health insurance association merged with the parent companies of the Signal Iduna Group on April 1, 2009 to form an equal group.

In 2017 the Deutsche Ring Bausparkasse was sold to the Austrian BAWAG

social commitment

The Deutsche Ring supports the association Ring gegen Krebs e. V. Here the administrative costs are borne by the company. The work is done on a voluntary basis so that all donations go to institutions that support families of children with cancer.

The Deutsche Ring is also involved in the population group over 50. With the generation study , an empirical study under the scientific direction of Horst W. Opaschowski , the Deutsche Ring, in cooperation with the Foundation for Future Issues , collects attitudes, motives and wishes of people in Germany with special emphasis on the generation over 50 years. The study provides information about the current life situation of this generation and shows their future assessments and wishes. The results of the study to date have been published as a book.

Web links

Individual evidence

  1. ↑ a b Basler Insurance brings brands together. In: basler.de. December 20, 2012, accessed April 27, 2019 .
  2. ↑ Basler Versicherungen amalgamating their property insurers. In: basler.de. August 19, 2013, accessed April 27, 2019 .
  3. ↑ NAME: BASLER BETEILIGUNGSHOLDING GMBH · SOCIETY AGREEMENT. In: northdata.de. April 8, 2014, accessed April 27, 2019 .
  4. ↑ NAME: BASLER SACH HOLDING AG MANAGEMENT BOARD (2 PERSONS) PROKURA (3 PERSONS) NO LONGER MANAGEMENT BOARD (2 PERSONS). In: northdata.de. September 23, 2014, accessed April 27, 2019 .
  5. ↑ Deutscher Ring KV receives German Brand Award. In: signal-iduna.de. June 22, 2018, accessed April 27, 2019 .
  6. ^ Basler sells its holding in Deutscher Ring Bausparkasse. In: basler.de. December 14, 2017, accessed April 27, 2019 .
  7. ↑ SIGNAL IDUNA: minority stake in Deutscher Ring Bausparkasse sold. In: signal-iduna.de. December 14, 2017, accessed April 27, 2019 .
  8. ↑ a b organizational chart as of August 2008 at deutscherring.de.
  9. ↑ Ingo Böhle: Jews cannot be members of the fund - insurance industry and the Jewish insured persons under National Socialism using the example of Hamburg . (PDF; 693 kB)
  10. ^ Dissolution and liquidation of insurance companies affiliated with the German Labor Front
  11. ^ Susanne Görsdorf-Kegel: Corporate plans of Signal Iduna and Deutscher Ring Kranken . In: VersicherungsJournal , January 27, 2009.
  12. ↑ Generationsstudie.de  ( 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.@1@ 2Template: Toter Link / www.generationenstudie.de  
  13. ^ Horst W. Opaschowski, Ulrich Reinhardt: Age dreams . Primus Verlag, 2007, ISBN 978-3-89678-361-5

Coordinates: 53 ° 32 ′ 59 ″  N , 9 ° 58 ′ 41 ″  E