Top 5 Insurance Providers 2024

With so many alternatives available, selecting the best insurance company in Germany might be challenging. To make things simpler, we have examined and ranked the leading German insurance providers for 2024 according to the quality of their policies, costs, stability, and client feedback. Read on to see our selections of the companies that will probably provide you with the greatest coverage at affordable prices the following year, regardless of whether you’re looking for health, life, home, or specialty insurance.

1. Allianz

For more than 125 years, Allianz has been Germany’s top insurer. Founded in Berlin in 1890, Allianz is the largest and most reputable insurance company in Germany. In the sectors of property and casualty, health, and life insurance, it currently insures approximately 26 million clients. Allianz is the biggest property and liability insurance provider in Germany. Its plans protect anything from pets to bank accounts and houses, cars, and enterprises. Protection against identity theft, coverage for climate change, and cybersecurity services are important benefits of the package. Allianz provides specialized health insurance policies that are suited to specific requirements, such as overseas medical coverage. Additionally, Allianz is a leader in value-added digital health services, such as activity trackers, virtual doctor visits, and free wellness apps.

• Type: Public company
• Founded: 1886
• Headquarters: Munich, Germany
• Products: Life insurance, health insurance, property insurance, casualty insurance, and more
• Market share: Largest insurance company in Germany and one of the largest in the world
• Website: https://www.allianz.com/en/

2. AXA

AXA: International Carrier Offering Germany New Options Germany’s domestic insurance market is dominated by Allianz and HUK-Coburg, but foreign insurers like AXA are gaining up by meeting changing customer demands. Through acquisitions, the French insurance giant AXA initially made inroads into the German market in the 1990s. Currently, it provides property and liability insurance, health insurance, and life insurance to approximately 8 million clients. Being the biggest international insurer in Germany, AXA offers unique products and services such as usage-based auto insurance, in which rates are determined by the way a driver uses connected technology to drive.

• Type: Public company
• Founded: 1919
• Headquarters: Paris, France
• Products: Life insurance, health insurance, property insurance, motor insurance, travel insurance, and more
• Market share: Significant presence in Germany, with a diverse range of insurance products
• Website: https://www.axa.com/en