Companies on the German insurance market 2011-2018

In 2018, there was a total of 528 domestic insurance companies operating in the German insurance market. Germany had more than double the number of insurance companies operating on the domestic market as France. Germany’s largest insurance company, the Allianz Group saw gross written premiums amount to over 130 billion euros in 2018.

Insurance in Europe

In 2018, there were approximately seven thousand insurance companies operating in Europe. In terms of premiums written, the largest insurance type was Life insurance. Total direct premiums written in Europe amounted to over 1.3 trillion euros in 2018. The average value of claims and benefits paid in Europe differed depending on the insurance type, with the average value of life insurance claims and benefits paid being the highest.

Largest insurance companies

In 2018, the United Kingdom saw total premiums written on the European insurance market reach more than 235 billion euros. It may be somewhat unsurprising then to find that in terms of total assets the UK and France account for 5 of the top ten insurance companies in Europe. Germany had two of the top ten largest insurance companies in terms of assets in Europe.

Number of companies operating on the insurance market in Germany from 2011 to 2018

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Source

Release date

September 2019

Region

Germany

Survey time period

2011 to 2018

Supplementary notes

Domestic market: the reported numbers for Domestic companies with the head office in the country and Branches of non-EU/EEA companies operating on the market.

Total market includes: Companies operating on the domestic market, Branches of EU/EEA companies established in the country and companies operating in the country through FOS.

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Statistics on "European insurance market"

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