Versicherungskammer Bayern
With a premium volume of EUR 6.36 billion in the financial year 2009, Versicherungskammer Bayern, as Germany’s largest public-sector insurance company, ranks among the major insurance companies nationwide. Its regionally based operations means that it has an optimal local presence. As a service-oriented insurance company, it devotes particular attention to its sales force.
Being close to policy holders enables customised solutions to be found to suit their needs, personal support and in-depth advice, across all insurance segments, for individuals, companies and institutions. Our customers place their faith in the experience and efficiency of around 6,500 committed experts. Our employees ensure the cost-effective administration of the policies and the swift and accurate settlement of more than two million insured loss events and benefit cases a year.
A company with a long tradition
The Versicherungskammer Bayern has a long tradition which goes way back to the year 1875 when King Ludwig II of Bavaria passed a law on the setting up of the “Königliche Brandversicherungs-Kammer”. Today a total of twelve individual companies belong to the Group, with the Feuersozietät Berlin Brandenburg Versicherung AG and the Öffentliche Lebensversicherung Berlin Brandenburg AG joining the Group as recently as the start of 2004.
Versicherungskammer Bayern, as regionally based, one-stop insurance company, is also strongly represented in the growth markets of personal insurance in particular with its well balanced product portfolio. Of the total premium income, just under one third is accounted for by the health insurance and composite insurance business respectively and a good third by the life insurance business.
The Group companies:
Insurance against loss and accident
Versicherungskammer Bayern, an insurance company under public law, is the dedicated holding company of the Group. In this capacity, it controls and supports the affiliated companies and exercises management responsibility. In addition, in its function as primary insurer, it covers the risks of municipalities and authorities.
As Bavaria’s largest insurance company offering fire insurance for buildings, Bayerische Landesbrandversicherung AG secures against all risks relating to house and home. On offer are insurances against fire, (pipe) water damage, storm and hail, as well as emergency loss and other non-life insurances. Moreover, the Landesbrandversicherung plays a proactive role in the areas of risk management and fire protection. Through targeted clarification and information it enhances deliberate awareness in handling risks and helps to identify, assess and overcome danger. To prevent and keep damage to a minimum, it makes available funds and cooperates closely with fire brigades in Bavaria and Rhineland Palatinate.
Bayerische Versicherungsverband VersicherungsAG, a composite insurance company with its home markets in Bavaria and Rhineland Palatinate, Saarland Feuerversicherung AG based in Saarland and Feuersozietät Berlin Brandenburg Versicherung AG located in Berlin and Brandenburg cover all segments in damage and accident insurance: the vehicles insurance segment, third-party insurance, joint household contents insurance and joint building insurance, as well as accident insurance and many other products. The range of products also include technical and transport insurance as well as legal protection insurance in cooperation with ÖRAG RechtsschutzversicherungsAG.
As part of Consal Beteiligungsgesellschaft AG, Union Reiseversicherung AG is the travel insurance company used jointly by all public-sector insurers. The product range comprises individual insurances along with cancellation insurance and travel packages for individuals and groups, such as a health insurance for trips abroad, luggage insurance, traveller’s third-party insurance and traveller’s accident insurance.
Life insurance
The life insurers of the Group are Bayern-Versicherung Lebensversicherung AG in the sales territories of Bavaria and Rhineland Palatinate, Saarland Lebensversicherung AG in Saarland and Öffentliche Lebensversicherung Berlin Brandenburg AG in Berlin and Brandenburg. Products include all forms of life insurances taken out for the purpose of securing the financial basis for retirement and of dependents and safeguarding against occupational disability: products range from the dynamic life policy providing capital benefits, to pension and term insurance through to state-promoted retirement pension products. In the segment of company pensions as well, Bayern Versicherung, Versicherungskammer Bayern’s largest life insurer, enjoys an excellent positioning as an insurance company offering all five methods of providing company pensions, together with DekaBank and WestLB, its public-sector insurer partners.
Health insurance
Munich-based Bayerische Beamtenkrankenkasse AG and UKV – Union Krankenversicherung AG, which is headquartered in Saarbruecken, were combined together under the umbrella company Consal Beteiligungsgesellschaft AG in 2000. Consal is the private health insurance group of public-sector insurers and of the savings banks and, in terms of premium income, is Germany’s fifth largest health insurance group. An association of strong partners and a number of options for placing their products in the market ensure their success. Along with the savings banks as an important sales channel, Bayerische Beamtenkasse, with its special field sales force in Bavaria, Rhineland Palatinate and the new federal states, is always within close reach of its customers. Another important sales channel for the products of Bayerische Beamtenkrankenkasse is its agency distribution network in Bavaria and Rhineland Palatinate. Moreover, sales in Bavaria are additionally reinforced through the cooperative banks. The public-sector insurers with their field sales force organisations, the savings banks and agency distribution network provide an excellent sales platform for Union Krankenversicherung. Both companies offer their customers a wide range of customised and validated products. Along with private full-value health insurance, the customer has access to huge choice of additional and supplementary insurance products.
Reinsurance
Versicherungskammer Bayern Konzern-Rückversicherung AG is a subsidiary jointly held by Bayerische Versicherungsverband VersicherungsAG and Bayerische Landesbrandversicherung AG. It undertakes all reinsurance activities for the whole Group.
A company with a long tradition
The Versicherungskammer Bayern has a long tradition which goes way back to the year 1875 when King Ludwig II of Bavaria passed a law on the setting up of the “Königliche Brandversicherungs-Kammer”. Today a total of twelve individual companies belong to the Group, with the Feuersozietät Berlin Brandenburg Versicherung AG and the Öffentliche Lebensversicherung Berlin Brandenburg AG joining the Group as recently as the start of 2004.
Versicherungskammer Bayern, as regionally based, one-stop insurance company, is also strongly represented in the growth markets of personal insurance in particular with its well balanced product portfolio. Of the total premium income, just under one third is accounted for by the health insurance and composite insurance business respectively and a good third by the life insurance business.
The Group companies:
Insurance against loss and accident
Versicherungskammer Bayern, an insurance company under public law, is the dedicated holding company of the Group. In this capacity, it controls and supports the affiliated companies and exercises management responsibility. In addition, in its function as primary insurer, it covers the risks of municipalities and authorities.
As Bavaria’s largest insurance company offering fire insurance for buildings, Bayerische Landesbrandversicherung AG secures against all risks relating to house and home. On offer are insurances against fire, (pipe) water damage, storm and hail, as well as emergency loss and other non-life insurances. Moreover, the Landesbrandversicherung plays a proactive role in the areas of risk management and fire protection. Through targeted clarification and information it enhances deliberate awareness in handling risks and helps to identify, assess and overcome danger. To prevent and keep damage to a minimum, it makes available funds and cooperates closely with fire brigades in Bavaria and Rhineland Palatinate.
Bayerische Versicherungsverband VersicherungsAG, a composite insurance company with its home markets in Bavaria and Rhineland Palatinate, Saarland Feuerversicherung AG based in Saarland and Feuersozietät Berlin Brandenburg Versicherung AG located in Berlin and Brandenburg cover all segments in damage and accident insurance: the vehicles insurance segment, third-party insurance, joint household contents insurance and joint building insurance, as well as accident insurance and many other products. The range of products also include technical and transport insurance as well as legal protection insurance in cooperation with ÖRAG RechtsschutzversicherungsAG.
As part of Consal Beteiligungsgesellschaft AG, Union Reiseversicherung AG is the travel insurance company used jointly by all public-sector insurers. The product range comprises individual insurances along with cancellation insurance and travel packages for individuals and groups, such as a health insurance for trips abroad, luggage insurance, traveller’s third-party insurance and traveller’s accident insurance.
Life insurance
The life insurers of the Group are Bayern-Versicherung Lebensversicherung AG in the sales territories of Bavaria and Rhineland Palatinate, Saarland Lebensversicherung AG in Saarland and Öffentliche Lebensversicherung Berlin Brandenburg AG in Berlin and Brandenburg. Products include all forms of life insurances taken out for the purpose of securing the financial basis for retirement and of dependents and safeguarding against occupational disability: products range from the dynamic life policy providing capital benefits, to pension and term insurance through to state-promoted retirement pension products. In the segment of company pensions as well, Bayern Versicherung, Versicherungskammer Bayern’s largest life insurer, enjoys an excellent positioning as an insurance company offering all five methods of providing company pensions, together with DekaBank and WestLB, its public-sector insurer partners.
Health insurance
Munich-based Bayerische Beamtenkrankenkasse AG and UKV – Union Krankenversicherung AG, which is headquartered in Saarbruecken, were combined together under the umbrella company Consal Beteiligungsgesellschaft AG in 2000. Consal is the private health insurance group of public-sector insurers and of the savings banks and, in terms of premium income, is Germany’s fifth largest health insurance group. An association of strong partners and a number of options for placing their products in the market ensure their success. Along with the savings banks as an important sales channel, Bayerische Beamtenkasse, with its special field sales force in Bavaria, Rhineland Palatinate and the new federal states, is always within close reach of its customers. Another important sales channel for the products of Bayerische Beamtenkrankenkasse is its agency distribution network in Bavaria and Rhineland Palatinate. Moreover, sales in Bavaria are additionally reinforced through the cooperative banks. The public-sector insurers with their field sales force organisations, the savings banks and agency distribution network provide an excellent sales platform for Union Krankenversicherung. Both companies offer their customers a wide range of customised and validated products. Along with private full-value health insurance, the customer has access to huge choice of additional and supplementary insurance products.
Reinsurance
Versicherungskammer Bayern Konzern-Rückversicherung AG is a subsidiary jointly held by Bayerische Versicherungsverband VersicherungsAG and Bayerische Landesbrandversicherung AG. It undertakes all reinsurance activities for the whole Group.
Facts & Figures
Foundation: 1875Employees: 8,528