Insurance
Munich is one of the leading insurance centers worldwide. About 60 insurance companies have their headquarters in the Bavarian state capital and its surrounding towns – among them one of the most important direct insurers worldwide, the Allianz Group; the world's largest re-insurance company, Munich Re; Europe's leading legal expenses insurer, D.A.S.; Germany's most important public-sector insurance group, Versicherungskammer Bayern (Bavarian Insurance Chamber); as well as the largest group of professional pension plans in Germany, Bayerische Versorgungskammer (Bavarian Pension Chamber).
In addition to the insurance groups domiciled in Munich, numerous other foreign and domestic insurers maintain principal offices in the metropolis on the Isar. The insurance industry employs around 33,200 people in Munich (including Unterföhring nearby Munich) alone, more than in any other German city.
Across Bavaria, about 61,800 people work for insurance companies. Of that number, more than 13,000 work in the two additional major Bavarian insurance locations – Nuremberg and Coburg. Along with HUK-Coburg, the largest German automotive insurer based on the number of households covered, and the Nürnberger Versicherungsgruppe – among other things, in second place among occupational disability insurers – additional leading German insurance companies are domiciled in these cities.
Across Bavaria, about 61,800 people work for insurance companies. Of that number, more than 13,000 work in the two additional major Bavarian insurance locations – Nuremberg and Coburg. Along with HUK-Coburg, the largest German automotive insurer based on the number of households covered, and the Nürnberger Versicherungsgruppe – among other things, in second place among occupational disability insurers – additional leading German insurance companies are domiciled in these cities.
