SOLIDAR death benefit insurance

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Solidar insurance group death allowance insurance VVaG

logo
legal form VVaG
founding April 1, 1922
Seat Bochum
management
  • Klaus Reimann (CEO)
  • René Orlowski (board member)
sales 8 million euros (gross premiums earned)
Website www.solidar-versicherung.de
Status 2011

The solidarity death benefit insurance is a German death benefit insurance in the legal form of a VVaG ( mutual insurance association ) with around 87,000 members and a balance sheet total of approx. € 143 million (2013).

history

Employees of the cast steel works " Bochumer Verein " founded the "Death Support Facility for Employees of the Bochumer Verein" on April 1, 1922. In the early years, the aid was paid on a pay-as-you-go basis, i.e. H. in the event of death, the costs were shared proportionally among all members. On March 24, 1939, the small Bochum death fund acquired legal capacity as a smaller mutual insurance association . This meant that the members had a binding legal right to the payment of a death benefit within the framework of fixed membership fees and benefits promised on an actuarial basis. For its part, the fund was able to build up assets and security reserves. In this context, the fund has since been subject to insurance supervision (today the Federal Financial Supervisory Authority - BaFin is responsible).

Solidar also survived the end of the Second World War and the subsequent currency reform financially. After the RM assets had already risen from 202,000 (1945) as DM assets to 23,000 by the end of 1948, 1,971 members were counted in 1949. After the death fund was opened in 1951 for all employees as well as company pensioners of the Bochumer Verein (at that time around 12,000 employees) and their relatives due to its good financial situation, the number of members rose to 26,086 in 1952. In 1966, the Bochumer Verein für Gußstahlfabrikation AG merged with Friedrich Krupp AG . At the same time, the “Sterbekasse Bochumer Verein” became “Sterbekasse Fried. Krupp Hüttenwerke "renamed. As a result, the death fund was open to the 100,000 employees from the Krupp Group . As a result, the number of members of the death fund increased to almost 90,000 by the end of the 1960s.

In 1986, the death fund was converted from a purely operational facility to a public insurance and thus opened to all interested parties, also outside the Krupp Group. In connection with this, the name was changed at the beginning of 1988 to the current name: Solidar Versicherungsgemeinschaft Sterbegeldversicherung VVaG . As a result, the number of members increased by the turn of the millennium to approx. 100,000 increased. In addition, since then some smaller death benefit funds have joined the Solidar model and have been transferred to Solidar. This made it possible to stabilize the number of members. Since, due to history, many people from the Ruhr area in particular, with their sometimes decades-long memberships, form the core of Solidar, today people from all over Germany and sometimes even from abroad take out insurance.

In 2003, SOLIDAR took over the insurance portfolio of the funeral aid of the community of Gennebreck and the parish of Herzkamp VVaG and the death fund “Allgemeine Funeral aid ” VVaG (Wetter / Ruhr) .

In 2005 Solidar took over the insurance portfolio of the general voluntary death fund Meinerzhagen ( Meinerzhagen ), in 2009 that of the pension fund for managers in the ULA VaG (Essen).

In 2017 the "Sterbekasse Hoffnung" in Wuppertal (founded in 1842) was taken over.

Bodies

The organizational structure of Solidar continues to reflect its origins as an institution exclusively in the interests of its members. The member representation is the highest body of the insurance. It consists of 100 solidarity members elected for a period of 5 years, who meet regularly for the representative assembly . The member representatives elect the supervisory board and are involved in all important decisions. The supervisory board consists of up to 6 members. As a statutory control body, it accompanies the board of directors in an advisory capacity and reviews its business decisions. The executive board forms the entrepreneurial management of the company and currently consists of two members.

Web links

Individual evidence

  1. ↑ a b c About us. Solidar, accessed on March 16, 2013 .
  2. ↑ a b BaFin statistics - primary insurance companies 2011 (death funds). BaFin, November 6, 2012, p. 146 , accessed on August 7, 2015 .
  3. ↑ SOLIDAR death benefit insurance in the BaFin company database
  4. ↑ Publications of the Federal Financial Supervisory Authority (VerBaFin) December 2003. BaFin, accessed on March 16, 2013 .
  5. ↑ Federal Gazette, November 8, 2005, announcement on the transfer of an insurance portfolio , eBAnz AT32 2005 B1
  6. ↑ Federal Gazette, January 22, 2009, announcement about the transfer of an insurance portfolio , eBAnz AT9 2009 B1

Coordinates: 51 ° 28 ′ 42.3 "  N , 7 ° 12 ′ 3"  E