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Leading insurance companies in Germany 2019, by revenue in gross written premiums

The German insurance market is characterized by great differences between active companies. In 2019, Allianz was the leading insurance company in Germany with a revenue of approximately 142.4 billion euros. Second was Münchener Rückversicherungs-Gesellschaft AG (Munich Re) with a revenue of over 51.5 billion euros. As of 2018, Germany had the highest number of companies operating in the insurance industry of any European country.

Allianz top for turnover

In 2019, over 23 percent of survey respondents indicated they had one or more insurances at Allianz, making it the biggest insurer in Germany. In 2017, Allianz was the leading insurance company in Germany with a turnover of approximately 151 billion euros.

Top insurers dominate the market

As of 2017, over half of the healthcare insurance market was attributable to the five largest insurers in Germany. Compared to healthcare insurance, the top five life insurance and property and casualty insurance (P&C) companies held slightly less control.

Leading insurance companies in Germany as of 2019, by revenue in gross written premiums

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Source

Release date

July 2020

Region

Germany

Survey time period

2019

Supplementary notes

* Includes deals from bank and asset management. Of which Allianz Deutschland AG: 42,015 million euro.

** Of which Ergo Versicherungsgruppe AG: 17,650 million euro.
*** Of which Hannover Rück SE: 22,598 million euros.
**** Income includes activities from "Bauspargeschäft", a savings tool in Germany for the (future) construction of housing.

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