German Disability Insurance Ranking 2024

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

German Disability Insurance Ranking 2024

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

These are the top three Disability Insurance companies in Germany, measured by their technical future interest rate:

1.       DEUTSCHE ÄRZTEVERSICHERUNG – 3.4%

2.       CONTINENTALE LEBENVERSICHERUNG – 2.7%

3.       LEBENSVERSICHERUNG VON 1871 – 2%

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

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

Founded in 1881, Deutsche Ärzteversicherung is headquartered in Cologne, is an insurer for the academic medical professions in Germany, and is a subsidiary of the AXA Group. Its current total assets are €3.7 billion.

Headquartered in Dortmund, and founded in 1892, Continentale Lebensversicherung AG provides insurance products and services. The Company offers health, life, property, automotive, and accident insurance. It has total current assets of $5.5 billion.

Lebensversicherung von 1871 is a German life insurance company that specializes in life, pension and disability insurance. It was founded in 1871 and is based in Munich. It has current assets of $4.6 billion.

CEO Dr. Holger Bartel: "Disability insurance in Germany is one that replaces part of your monthly income in case a disability arises which means you cannot work.

The sector plays a crucial role in protecting individuals against income loss due to health issues or accidents that impede their ability to work.

There are many types of policies that differ in cost and overall coverage, but it is usually about 1-3% of your annual salary.

Over 8 million people in Germany currently have such a policy. Term-life and disability insurance will only pay out in the event of death or disability, respectively.

In 2024, the disability insurance market in Germany grew to an estimated $5.03 billion and is forecasted to expand at a compound annual growth rate (CAGR) of 11.53%, reaching $9.83 billion by 2030.

The Top-Rated insurance companies will be able to maintain high bonus participation in the future."

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.