German Health Insurance Ranking 2024

BERLIN - Nov. 20, 2024 - PRLog -- RealRate GmbH
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Press Release

German Health Insurance Ranking 2024

The new Health Insurance industry rating for 2024 has just been released by RealRate.

These are the top three Health Insurance companies in Germany, measured by Economic Capital Ratio:

1.       MECKLENBURGISCHE KRANKEN – 29%

2.       R+V KRANKEN – 15%

3.       ENVIVAS KRANKEN – 14%

The complete rating of 32 Health Insurance companies is published at https://realrate.ai/rankings/

8 companies achieved the sought-after 'Top-Rated' seal.

Founded in 1797 and based in Hannover, Mecklenburgische Krankenversicherung is the oldest supra-regional mutual insurance association in Germany. It has been a tradition-conscious company for 225 years. Mecklenburgische exclusively serves tradesmen, farmers, and private customers in Germany. Its current assets are $14 million.

Headquartered in Wiesbaden, and founded in 1922, R+V Krankenversicherung R+V Versicherung is one of the largest insurers in Germany and is part of the Volksbanken Raiffeisenbanken cooperative financial network. It has total current assets of $177 million.

Envivas Krankenversicherung provides accident, health, and life insurance services to its customers. It is a subsidiary of Generali Deutschland. It was founded in 2003 and is based in Cologne. It has current assets of $20 million.

CEO Dr. Holger Bartel: "The German private health insurance sector is a significant part of the country's healthcare system.

This sector primarily serves high-income earners, the self-employed, and civil servants, who opt for private insurance over statutory health insurance due to its broader coverage and personalized services.

It accounts for around 10% of the population and is supported by a competitive market comprising major players like Allianz, Debeka, and AXA​.

You can only sign up if you fall into one of these categories:

• If you earn over €60,750 per year
• If you earn under €450 per month
• Students aged between 23-30
• Self-employed individuals
• Civil servants (as insurance is subsidized by the employer)

There are just over 40 companies offering private health insurance and the market is worth a colossal €49 billion.

An exceptional financial strength is particularly important in the Health Insurance sector, ensuring insurance companies can give their customers the best treatment possible."

About RealRate:
RealRate is an international rating agency based in Santa Clara and Berlin, founded in 2021. Using cutting-edge explainable Artificial Intelligence, we provide fair company ratings, avoiding any conflicts of interest. Combining AI and expert knowledge, financial strength is evaluated based on published annual reports. RealRate provides rankings for dozens of industries, like insurance, IT, real estate, food, and pharma. Only the best-rated companies are awarded the RealRate TOP Rated seal