Germany Insurance

In Germany, insurance coverage is mandatory for every resident. Presently, there are around 500 insurance companies running in the country that offers Personal liability Insurance, Life Insurance, travel insurance, Accident and Disability Insurance, Dental Insurance, Car Insurance, Home Insurance, Legal Insurance, Business Insurance, Medical Insurance, Mortgage Insurance and much more.

Almost around 80% of German population is insured under the "Gesetzliche Krankenkasse (GKV)", the German version of a national Health Insurance system. The other most important insurances are Liability insurance and Legal Assistance insurance. Liability insurance provides German residents coverage against act deemed by a German court to be negligent.

The German insurance economy has given birth to Allianz in the year 1890 in Berlin, which is now ranked as the best multinational company in the insurance domain. Apart from this there are various other insurance companies that render life insurance and non-life insurance coverage.

Life Insurance Companies are:
Allianz Leben Insurance
Aachenmunchener Leb Insurance
DT. Herold Leben Insurance
Victoria Leben Insurance
Debeka Leben Insurance

Non Life Insurance Companies are:
Allianz Vers. Insurance
AXA Vers. Insurance
R+V Allgemeine Vers. Insurance
Zurich Vers. AG
Victoria Vers. Insurance
Wurtt. Vers Insurance
LVM Sach Insurance