German Life Insurance Ranking 2024

BERLIN - Nov. 21, 2024 - PRLog -- RealRate GmbH
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Press Release

German Life Insurance Ranking 2024

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

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

1.       HEIDELBERGER LEBEN – 15%

2.       HUK-COBURG LEBEN – 14%

3.       FRANKFURTER LEBEN – 13%

The complete rating of 59 Life Insurance companies is published at https://realrate.ai/rankings/

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

Founded in 1991 and based in Neu-Isenburg, Heidelburger Lebensversicherung specializes in old-age, survivors', and risk provision with a focus on unit-linked solutions. Its current assets are $11 million.

Headquartered in Erfurt, and founded in 1933, the HUK-Coburg insurance group is one of the 10 largest German insurance groups. It has total current assets of $630 million.

The Frankfurter Leben Group is a group of companies that specializes in taking over life insurance portfolios from other insurers and continuing to manage them. It was founded in 2017 and is based in Bad Homburg vor der Höhe. It has current assets of $55 million.

CEO Dr. Holger Bartel: "The German life insurance sector is a key component of the country's financial industry, generating approximately €106 billion in revenue in 2023 with over 30 million active policies.

It is expected to see modest annual growth of around 1.8% through 2028, driven by demand for old-age provision products. Leading providers include Allianz, Generali, and R+V Versicherung.

An exceptional financial strength is particularly important in the Life 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.