Life insurance companies in Germany focus on providing financial security for individuals and their families. These firms cater to various demographics, offering products like term life insurance, permanent life insurance, health insurance, and retirement solutions. As technology advances, companies are increasingly enhancing their offerings with digital platforms for ease of policy management and quotes. The future of the industry seems geared towards innovation, with an uptick in insurtech startups bringing fresh approaches to traditional insurance models. Additionally, there's a growing consumer demand for transparent policies and sustainable practices, guiding the industry towards modernization.

The companies in this list range in size from small firms to those employing thousands. Most are firmly entrenched in Germany, with notable headquarters in cities like Saarbrücken, Dortmund, and Berlin. Established between 1904 and 2018, these private businesses specialize largely in life insurance, while some also provide health and property insurance. Their consistent focus on customer service and adapting to market demands exemplifies their commitment to meeting the financial protection needs of consumers today.

Continue reading to learn more about Germany's top life insurance companies.

Top 21 Life Insurance Companies in Germany

1. CosmosDirekt

• Website: cosmosdirekt.de
• Ownership type: Private
• Headquarters: Saarbrücken, Saarland, Germany
• Employee distribution: Germany 100%
• Founded year: 1950
• Headcount: 1001-5000
• LinkedIn: cosmosdirekt

CosmosDirekt, based in Saarbrücken, Germany, is a private insurance company that has been operational since 1950. It specializes in a variety of insurance products, prominently featuring life insurance options such as risk life insurance, burial insurance, and disability insurance. The company operates on a direct sales model, which allows it to maintain close contact with its customers and provide tailored support. This approach not only enhances customer experience but also ensures that clients can easily access the coverage they need. CosmosDirekt has garnered a reputation for its customer service, receiving accolades for its claims handling and overall satisfaction. With a workforce of around 1,001 to 5,000 employees, the company is well-equipped to manage its operations and support its client base effectively. Their commitment to customer engagement and satisfaction positions them as a notable entity in the insurance sector.

2. Continentale Versicherung

• Website: continentale.de
• Ownership type: Private
• Headquarters: Dortmund, North Rhine-Westphalia, Germany
• Employee distribution: Germany 100%
• Founded year: 1926
• Headcount: 1001-5000
• LinkedIn: continentale-versicherung

Continentale Versicherung, based in Dortmund, North Rhine-Westphalia, Germany, is a private insurance company that has been operational since 1926. It specializes in a variety of insurance products, prominently featuring life insurance alongside health and property insurance. The company caters to both individual clients and small to medium-sized enterprises, providing essential coverage to mitigate various risks. With a workforce of approximately 904 employees, Continentale Versicherung is dedicated to delivering reliable and comprehensive insurance solutions primarily within Germany. Their offerings in life insurance include products such as private retirement plans, risk life insurance, and funeral insurance, reflecting their commitment to addressing the financial security needs of their clients. The company operates under the principles of trust, partnership, and forward-thinking, aiming to build long-term relationships with its customers.

3. Barmenia Versicherungen

• Website: barmenia.de
• Ownership type: Private
• Headquarters: Wuppertal, North Rhine-Westphalia, Germany
• Employee distribution: Germany 100%
• Founded year: 1904
• Headcount: 1001-5000
• LinkedIn: barmenia-versicherungen

Barmenia Versicherungen, based in Wuppertal, North Rhine-Westphalia, Germany, is a private insurance company that has been operational since 1904. The firm specializes in a wide array of insurance products, prominently featuring health and life insurance. Barmenia caters to individual consumers, offering essential financial protection against health-related issues, accidents, and property damage. Their product lineup includes various life insurance options, such as risk life insurance and pension plans, which are designed to meet the needs of different customer segments. The company operates solely within Germany, ensuring a focused approach to its market. Barmenia is part of the BarmeniaGothaer group, which further strengthens its position in the insurance industry. The company emphasizes customer service, providing multiple channels for consultation and support, which reflects its commitment to client satisfaction.

4. Fwu

• Website: forwardyou.com
• Ownership type: Family Owned
• Headquarters: Flensburg, Schleswig-Holstein, Germany
• Employee distribution: Pakistan 32%, Germany 25%, Italy 12%, Other 31%
• Founded year: 1983
• Headcount: 201-500
• LinkedIn: fwu-ag

FWU AG, established in 1983 and headquartered in Flensburg, Schleswig-Holstein, Germany, is a family-owned life insurance and investment management firm. The company specializes in providing innovative financial solutions tailored to both individuals and businesses. With a workforce of approximately 308 employees, FWU operates globally, leveraging technology to enhance customer experience and streamline processes. Their product offerings include life insurance policies, ESG investment options, and corporate financial services. FWU has made strides in digital transformation, allowing clients to sign policies online without the need for physical meetings. The company has also received recognition for its product portfolio, winning awards for its long-term savings solutions. Despite these strengths, FWU Life Insurance Lux SA has recently faced a suspension of payments, which raises questions about its financial health and operational stability.

5. DELA Lebensversicherungen

• Website: dela.de
• Ownership type: Private
• Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
• Employee distribution: Germany 100%
• Founded year: 1937
• Headcount: 1001-5000
• LinkedIn: dela-lebensversicherungen

DELA Lebensversicherungen, based in Neunkirchen, North Rhine-Westphalia, Germany, is a private insurance company that has been operating since 1937. The firm specializes in life insurance products, particularly risk life insurance and funeral insurance, aimed at providing financial protection for individuals and families against unforeseen events. DELA emphasizes community support, offering various family services to assist clients during challenging times. With a workforce of 1,001 to 5,000 employees, the company is well-equipped to serve its clientele. DELA's commitment to transparency and customer service is evident in its offerings, which include online calculations for insurance products and a focus on empathetic support during the claims process. The company operates solely within Germany, ensuring a tailored approach to the local insurance market.

6. Sparkassen-Versicherung Sachsen

• Website: sv-sachsen.de
• Ownership type: Private
• Headquarters: Dresden, Saxony, Germany
• Employee distribution: Germany 100%
• Founded year: 1992
• Headcount: 501-1000
• LinkedIn: sparkassen-versicherung-sachsen

Sparkassen-Versicherung Sachsen, based in Dresden, Saxony, Germany, is a private insurance company founded in 1992. It offers a comprehensive range of insurance products, including life, health, and property insurance, catering to both individual consumers and businesses. The company emphasizes tailored solutions to protect against various financial risks, particularly in the life insurance sector. Sparkassen-Versicherung Sachsen operates primarily in the Saxony region, where it has built a reputation for local service and community engagement. The company has demonstrated financial stability, with a Solvency II coverage ratio of 831%, which positions it among the more secure life insurers in the market. This financial strength is crucial for policyholders seeking assurance in their long-term commitments. Additionally, the company has a strong focus on sustainability and responsible business practices, which aligns with modern consumer expectations.

7. IDEAL Versicherung

• Website: ideal-versicherung.de
• Ownership type: Private
• Headquarters: Berlin, Berlin, Germany
• Employee distribution: Germany 100%
• Founded year: 1913
• Headcount: 201-500
• LinkedIn: ideal-lebensversicherung-a-g-

IDEAL Versicherung, officially known as IDEAL Lebensversicherung a.G., is an insurance provider based in Berlin, Germany. Established in 1913, the company has built a reputation for offering a variety of insurance products, including life, health, and accident insurance. IDEAL Versicherung focuses on delivering financial security and protection against life's uncertainties to individual consumers. The company operates through a network of independent agents and online platforms, ensuring that its services are accessible to a broad audience. With a workforce of approximately 144 employees, IDEAL Versicherung is committed to customer service and has garnered the trust of tens of thousands of clients over the years. Its innovative offerings, such as the IDEAL UniversalLife, highlight its adaptability and responsiveness to market needs, making it a significant player in the life insurance industry.

8. Huk-coburg

• Website: huk.de
• Ownership type: Private
• Headquarters: Coburg, Bavaria, Germany
• Employee distribution: Germany 100%
• Founded year: 1933
• Headcount: 10001+
• LinkedIn: huk-coburg

HUK-COBURG, founded in 1933 and based in Coburg, Bavaria, Germany, is a private insurance company that provides a wide array of insurance products. Their offerings include auto, health, liability, and property insurance, catering primarily to individual consumers seeking financial protection against various risks. HUK-COBURG operates with a customer-centric approach, allowing clients to manage their policies and claims online. The company has a strong presence in the auto insurance market, often recognized for its competitive rates and comprehensive coverage options. In addition to auto insurance, HUK-COBURG also offers health insurance products, including private health insurance and supplementary health insurance, as well as life insurance products such as risk life insurance and occupational disability insurance. Despite their extensive portfolio, the company has not reported any recent funding activities, indicating a stable operational model without external financial backing.

9. Canada Life Assurance Europe plc

• Website: canadalife.de
• Ownership type: Private
• Headquarters: Cologne, North Rhine-Westphalia, Germany
• Employee distribution: Germany 54%, Ireland 45%, Other 2%
• Founded year: 2000
• Headcount: 501-1000
• LinkedIn: canada-life-assurance-europe-plc

Canada Life Assurance Europe plc, based in Cologne, Germany, is an insurance and financial services provider that specializes in offering a variety of products aimed at securing the financial future of individuals and families. Founded in 2000, the company has established itself as a reliable source for retirement plans and risk coverage solutions. With a workforce of approximately 323 employees, Canada Life serves a significant portion of its clientele in Germany, while also having a presence in Ireland. The company is part of the Canada Life group, which has a rich history dating back to 1847, and is backed by the financial strength of its Canadian parent company, The Canada Life Assurance Company. This affiliation provides a solid foundation for their operations, ensuring that they can meet the needs of their customers effectively. Canada Life Assurance Europe plc is committed to helping clients navigate financial uncertainties through tailored insurance products, making it a relevant player in the life insurance sector.

10. ERGO Direkt Versicherung AG

• Website: ergodirekt.de
• Ownership type: Private
• Headquarters: Nuremberg, Bavaria, Germany
• Employee distribution: Germany 100%
• Founded year: 1984
• Headcount: 11-50
• LinkedIn: ergo-direkt-versicherung-ag

ERGO Direkt Versicherung AG, based in Nuremberg, Bavaria, Germany, is a private insurance and financial services provider founded in 1984. The company specializes in a wide array of insurance products, prominently featuring life insurance options such as risk life insurance and burial insurance. ERGO Direkt aims to assist individuals and families in managing risks and securing their financial futures through tailored insurance solutions. Their offerings extend beyond life insurance to include health, property, and liability insurance, showcasing their comprehensive approach to risk management. With a workforce of around 41 employees, the company operates solely within Germany, emphasizing its focus on the local market. ERGO Direkt is committed to customer service, providing various channels for clients to manage their insurance needs effectively.

11. Volkswohl Bund Versicherungen

• Website: volkswohl-bund.de
• Ownership type: Private
• Headquarters: Dortmund, North Rhine-Westphalia, Germany
• Employee distribution: Germany 100%
• Founded year: 1919
• Headcount: 501-1000
• LinkedIn: volkswohl-bund-versicherungen

Volkswohl Bund Versicherungen, established in 1919 and based in Dortmund, North Rhine-Westphalia, Germany, is a private insurance company that specializes in a wide array of insurance products. Their portfolio includes life insurance, health insurance, and property insurance, catering to both individual consumers and businesses. The company emphasizes customer service, facilitating access to their offerings through brokers and direct inquiries. With a workforce of approximately 308 employees, Volkswohl Bund is dedicated to providing essential coverage to protect against various risks. Their commitment to sustainability and responsible insurance practices further enhances their reputation in the industry. The company has not reported any recent funding, indicating stability and self-sufficiency in their operations.

12. Stuttgarter Lebensversicherung a.G.

• Website: stuttgarter.de
• Ownership type: Private
• Headquarters: Stuttgart, Baden-Württemberg, Germany
• Employee distribution: Germany 100%
• Founded year: 1908
• Headcount: 501-1000
• LinkedIn: diestuttgarter

Stuttgarter Lebensversicherung a.G., based in Stuttgart, Baden-Württemberg, Germany, is a private insurance company founded in 1908. It specializes in providing a variety of financial services, including private and occupational retirement plans, accident insurance, and health insurance. The company serves both individual consumers and businesses, offering essential financial protection and planning solutions. Stuttgarter Lebensversicherung operates as a mutual insurance association, which allows it to focus on the needs of its policyholders rather than external shareholders. This structure fosters a customer-centric approach, enhancing its reputation in the industry. The company has consistently received high ratings from independent experts for its financial strength and product offerings, reflecting its commitment to quality and reliability in the life insurance market.

13. INTER Versicherungsgruppe

• Website: inter.de
• Ownership type: Private
• Headquarters: Mannheim, Baden-Württemberg, Germany
• Employee distribution: Germany 100%
• Founded year: 1968
• Headcount: 1001-5000
• LinkedIn: inter-versicherungsgruppe

INTER Versicherungsgruppe, based in Mannheim, Baden-Württemberg, Germany, is a private insurance company founded in 1968. With a workforce of over 1,000 employees, the company specializes in a variety of insurance products, including health, liability, and pension plans. Their offerings cater to both individual consumers and businesses, helping clients manage financial risks associated with health issues and property damage. Notably, INTER provides life insurance products such as risk life insurance and funeral insurance, which are essential for long-term financial planning. The company operates through numerous offices across Germany, ensuring that their services are accessible to a wide audience. Their commitment to customer service is evident through various support channels, including an online portal and mobile app for policy management. INTER's focus on health management and additional services further demonstrates their dedication to enhancing the overall well-being of their clients.

14. Feather

• Website: feather-insurance.com
• Ownership type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Employee distribution: Germany 92%, Italy 4%, United Arab Emirates 4%
• Latest funding: Series A, $6.4M, June 2024
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: feather-insurance

Feather, founded in 2018 and based in Berlin, Germany, is an insurance company that specializes in providing a variety of insurance products, including health, liability, life, and pet insurance. The company primarily targets expats and residents in Germany, offering tailored solutions to meet their unique insurance needs. Feather operates an online platform that allows customers to easily manage their policies and obtain quotes, streamlining the insurance process. With a workforce of around 52 employees, the company has recently secured over €6.4 million in Series A funding, reflecting its growth ambitions and the confidence of investors in its business model. Feather's commitment to customer support and transparent advice positions it as a modern player in the insurance industry, particularly in the life insurance sector.

15. ÖSA Versicherungen Sachsen-Anhalt

• Website: oesa.de
• Ownership type: Private
• Headquarters: Magdeburg, Saxony-Anhalt, Germany
• Employee distribution: Germany 100%
• Founded year: 1992
• Headcount: 201-500
• LinkedIn: %c3%b6sa-%c3%b6ffentliche-versicherungen-sachsen-anhalt

ÖSA Versicherungen Sachsen-Anhalt, founded in 1992 and based in Magdeburg, Germany, is a private insurance company that provides a wide array of insurance products. Their offerings include property, liability, health, and notably, life insurance. The company serves both individual consumers and businesses, emphasizing personalized service and local knowledge. ÖSA is particularly focused on the German market, where they have established a reputation for tailored risk management solutions. They operate with a workforce of around 201-500 employees, indicating a solid operational capacity. ÖSA's commitment to community involvement and support for local initiatives further enhances their profile in the insurance industry.

16. EUROPA Versicherungen

• Website: europa.de
• Ownership type: Private
• Headquarters: Cologne, North Rhine-Westphalia, Germany
• Employee distribution: Germany 100%
• Founded year: 1959
• Headcount: 201-500
• LinkedIn: europa-versicherungen

EUROPA Versicherungen, based in Cologne, Germany, has been a significant player in the insurance industry since its inception in 1959. The company specializes in a variety of insurance products, including life, vehicle, health, and disability insurance. With a workforce of around 201-500 employees, EUROPA focuses on providing direct insurance services, which allows them to maintain competitive pricing and efficient customer service. Their business model is designed to offer essential coverage to individuals and families, ensuring financial protection against various risks. Notably, EUROPA has been recognized for its operational efficiency, boasting the lowest administrative cost ratio among life insurers in Germany, as reported in 2023. This efficiency is complemented by their commitment to customer service, with a strong emphasis on accessibility and support. As part of the Continentale Versicherungsverbund since 1983, EUROPA is structured as a mutual insurance company, which aligns its interests with those of its policyholders, further enhancing its credibility in the market.

17. Hoesch & Partner GmbH

• Website: hoesch-partner.de
• Ownership type: Private
• Headquarters: Frankfurt, Hesse, Germany
• Employee distribution: Germany 100%
• Founded year: 1983
• Headcount: 51-200
• LinkedIn: hoesch-%26-partner

Hoesch & Partner GmbH, founded in 1983 and based in Frankfurt, Germany, is a private insurance brokerage and financial advisory firm. With a workforce of around 67 employees, the company specializes in providing personalized insurance solutions and financial services to both individuals and businesses. Their offerings include a comprehensive range of insurance products, particularly in the areas of life insurance, health insurance, and financial planning. Hoesch & Partner prides itself on its client-centric approach, emphasizing tailored advice to help clients navigate the complexities of the insurance market and manage their financial risks effectively. The firm operates across multiple locations in Germany, including major cities like Düsseldorf, Munich, Stuttgart, Berlin, and Hamburg, ensuring a broad reach to serve clients nationwide. Their commitment to customer satisfaction is evident in their extensive service offerings, including in-house claims management and ongoing portfolio optimization for clients.

18. Policen Direkt Versicherungsvermittlung GmbH

• Website: policendirekt.de
• Ownership type: Private
• Headquarters: Frankfurt, Hesse, Germany
• Employee distribution: Germany 100%
• Founded year: 2004
• Headcount: 51-200
• LinkedIn: policen-direkt-versicherungsvermittlung-gmbh

Policen Direkt Versicherungsvermittlung GmbH, founded in 2004 and based in Frankfurt, Germany, operates as an insurance broker and financial services provider. The company offers a range of insurance products, with a notable emphasis on life insurance, including risk life insurance and retirement plans. Policen Direkt facilitates the comparison of insurance options for both private individuals and businesses, ensuring clients can find suitable coverage tailored to their needs. They also provide digital tools for policy management and claims navigation, enhancing customer experience. The firm has established a significant presence in the secondary market for life insurance, allowing clients to sell their policies for potentially higher returns than cancellation. With a workforce of around 100 employees, Policen Direkt is dedicated to delivering personalized and digital insurance solutions, making it a relevant entity in the insurance industry.

19. impuls Finanzmanagement AG

• Website: impuls.com
• Ownership type: Private
• Headquarters: Gersthofen, Bavaria, Germany
• Employee distribution: Germany 100%
• Founded year: 1984
• Headcount: 501-1000
• LinkedIn: impuls-finanzmanagement-ag

impuls Finanzmanagement AG, founded in 1984 and based in Gersthofen, Bavaria, Germany, is a private insurance brokerage that specializes in a comprehensive range of insurance products tailored for both individuals and businesses. The company offers services that include health, life, property, and liability insurance, emphasizing personalized consultation to help clients manage risks effectively. With a workforce of approximately 501 to 1000 employees, impuls operates through multiple locations across Germany, ensuring accessibility for its clients. Their offerings in life insurance include products like risk life insurance and various pension plans, which are crucial for financial security and planning. The firm has not reported any recent funding, indicating a stable operational model without external financial backing.

20. ERGO Bezirksdirektion Bald

• Website: harald-bald.ergo.de
• Ownership type: Private
• Headquarters: Zirndorf, Bavaria, Germany
• Employee distribution: Germany 100%
• Founded year: 1998
• Headcount: 1-10
• LinkedIn: ergo-bezirksdirektion-bald

ERGO Bezirksdirektion Bald, located in Zirndorf, Bavaria, Germany, is a private insurance agency founded in 1998. The agency specializes in offering a variety of insurance products and financial services, with a strong emphasis on risk management. Their portfolio includes health, life, and property insurance, catering to both individual and business clients. The agency prides itself on providing personalized service, ensuring that clients receive tailored solutions to protect against unforeseen events. With a small team of dedicated professionals, ERGO Bezirksdirektion Bald focuses on maintaining close relationships with its clients, offering consultations and support to manage their insurance needs effectively. The agency operates entirely within Germany, reflecting its commitment to serving the local market.

21. DAVID Versicherungskontor

• Website: david-vk.de
• Ownership type: Private
• Headquarters: Kiel, Schleswig-Holstein, Germany
• Employee distribution: Germany 100%
• Founded year: 1958
• Headcount: 1-10
• LinkedIn: david-versicherungskontor

DAVID Versicherungskontor GmbH & Co. KG, based in Kiel, Schleswig-Holstein, Germany, is a private insurance broker established in 1958. The company specializes in providing a comprehensive range of insurance and financial services to both private individuals and businesses. Their portfolio includes health, life, liability, and property insurance, with a strong emphasis on personalized service. DAVID Versicherungskontor is dedicated to helping clients navigate their insurance needs, ensuring they receive optimal coverage while maintaining cost efficiency. The firm prides itself on its ability to review existing contracts, identify gaps or overlaps in coverage, and propose improvements. This approach not only enhances protection but also aims to achieve a favorable price-performance ratio for clients. With a focus on life insurance, they offer products such as capital life insurance, risk life insurance, and various retirement plans, catering to the financial security needs of their clients.

Life Insurance Insights: Key Companies in Germany

Company	Headquarter	Size	Founded	Ownership
CosmosDirekt	Saarbrücken, Saarland, Germany	1001-5000	1950	Private
Continentale Versicherung	Dortmund, North Rhine-Westphalia, Germany	1001-5000	1926	Private
Barmenia Versicherungen	Wuppertal, North Rhine-Westphalia, Germany	1001-5000	1904	Private
Fwu	Flensburg, Schleswig-Holstein, Germany	201-500	1983	Family Owned
DELA Lebensversicherungen	Neunkirchen, North Rhine-Westphalia, Germany	1001-5000	1937	Private
Sparkassen-Versicherung Sachsen	Dresden, Saxony, Germany	501-1000	1992	Private
IDEAL Versicherung	Berlin, Berlin, Germany	201-500	1913	Private
Huk-coburg	Coburg, Bavaria, Germany	10001+	1933	Private
Canada Life Assurance Europe plc	Cologne, North Rhine-Westphalia, Germany	501-1000	2000	Private
ERGO Direkt Versicherung AG	Nuremberg, Bavaria, Germany	11-50	1984	Private
Volkswohl Bund Versicherungen	Dortmund, North Rhine-Westphalia, Germany	501-1000	1919	Private
Stuttgarter Lebensversicherung a.G.	Stuttgart, Baden-Württemberg, Germany	501-1000	1908	Private
INTER Versicherungsgruppe	Mannheim, Baden-Württemberg, Germany	1001-5000	1968	Private
Feather	Berlin, Berlin, Germany	11-50	2018	Venture Capital
ÖSA Versicherungen Sachsen-Anhalt	Magdeburg, Saxony-Anhalt, Germany	201-500	1992	Private
EUROPA Versicherungen	Cologne, North Rhine-Westphalia, Germany	201-500	1959	Private
Hoesch & Partner GmbH	Frankfurt, Hesse, Germany	51-200	1983	Private
Policen Direkt Versicherungsvermittlung GmbH	Frankfurt, Hesse, Germany	51-200	2004	Private
impuls Finanzmanagement AG	Gersthofen, Bavaria, Germany	501-1000	1984	Private
ERGO Bezirksdirektion Bald	Zirndorf, Bavaria, Germany	1-10	1998	Private
DAVID Versicherungskontor	Kiel, Schleswig-Holstein, Germany	1-10	1958	Private

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