Nürnberger Versicherung
From Wikipedia, the free encyclopedia
 | |
Company type | Public (Aktiengesellschaft) |
|---|---|
| Industry | Insurance |
| Founded | 16 February 1884 |
| Founder | Lothar von Faber |
| Headquarters | Nuremberg, Germany |
Key people | Armin Zitzmann (CEO) |
| Revenue | €4.567 billion (2019) |
Number of employees | 4,487 (2019) |
| Website | www |
Nürnberger Versicherung is a German insurance company headquartered in Nuremberg. The group operates in the life, private health, property/casualty and auto insurance segments as well as in the financial services sector, primarily in Germany and Austria.
The group's parent company, Nürnberger Beteiligungs-Aktiengesellschaft, is listed on the stock exchange and trades in the over-the-counter segment Scale (formerly Entry Standard).
Corporate history
The roots of today's insurance group lie in the Nürnberger Lebensversicherungs-Bank founded on February 16, 1884, by Lothar Freiherr von Faber, Friedrich von Grundherr, Johannes Falk, Johan Georg Kugler, Moritz Poehlmann, Samuel Bloch and Karl Wunder. On September 28 of the same year, the Royal Bavarian State Ministry of the Interior granted permission to do business; in December 1884, the first life insurance certificate was issued.
The Nürnberger Lebensversicherungs-Bank was founded in 1884. It launched the first private accidental death and dismemberment insurance policy in Bavaria in 1885. In 1906, Nürnberger received approval to include liability insurance. As a recognized self-help institution for the public service, it set up the Civil Servants' Pension Allowance Insurance in 1908.
In 1952, the company founded the subsidiary for non-life insurance, Nürnberger Allgemeine Versicherungs-AG, and six years later (1958) created the slogan "Protection and security under the sign of the castle" (Schutz und Sicherheit im Zeichen der Burg). Nürnberger launched the unit-linked life insurance product in 1971. In Salzburg, it founded Nürnberger Versicherung AG Österreich in 1981. Garanta Versicherungs-AG has been offering special products as a professional insurer for the motor vehicle trade, its companies, their employees and customers since 1985. Nürnberger Lebensversicherung AG was transformed into a holding company, Nürnberger Beteiligungs-Aktiengesellschaft, in 1990. The entire life insurance portfolio was transferred to a newly founded subsidiary, which took over the name Nürnberger Lebensversicherung AG. The newly founded Nürnberger Krankenversicherung AG began business operations in 1991. Through participation in Fürst Fugger Privatbank KG, Augsburg, the insurer entered asset management for third parties in 1999.
The Nürnberger Pensionskasse AG commenced business operations in 2003 and the Nürnberger Pensionsfonds AG in 2005. In 2007, the Nürnberger Sofortservice AG was founded. In 2009, the company celebrated its 125th anniversary. The Nürnberger Versicherungsgruppe renamed itself Nürnberger Versicherung in 2016.
Consortia Versicherungs-Beteiligungsgesellschaft mbH
Consortia Versicherungs-Beteiligungsgesellschaft mbH is a holding company based in Nuremberg, Germany, which holds a 25.00% stake in Nürnberger Beteiligungs-Aktiengesellschaft. This shareholding has a value of approximately €194 million (as of the end of 2018). The company is 33.70% owned by Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft, 30.00% by Techno-Einkauf,[1] 26.30% by Nürnberger Verwaltungsgesellschaft mbH, and 10.00% by Versorgungskasse der Nürnberger Versicherungsgruppe e. V..
Currently, Hans-Ulrich Geck and Dietmar Scheck are managing directors.
Key figures
In fiscal 2019, the Group employed an annual average of 4,487 people in Germany, of which 3,800 were office staff and 687 field staff, as well as 128 trainees. In addition, more than 12,200 full-time and part-time intermediaries were active in the five sales channels "Exclusivity," "Brokers, multiple agencies and financial sales," "Car dealership," "Family protection" and "Direct." Annual sales amounted to EUR 4.6 billion. Life insurance accounted for around 2.5 billion euros of the premium income, non-life insurance for 809 million euros and health insurance for 228 million euros. In total, there were around 6.0 million insurance contracts.[2]
Solidarity with Nuremberg
Since 1928, the logo has represented the silhouette of Nuremberg's Nuremberg Castle. Through this and through the motto "Protection and security under the sign of the castle", which has been known since 1958, the company has found an unmistakable trademark. In December 2016, Nuremberg renewed its brand identity by stylizing the logo and sharpening its slogan ("Protection and security. Since 1884.")("Schutz und Sicherheit. Seit 1884.").[3] The group's headquarters are still located in the city, and in 2000 it moved into a new general headquarters. The so-called Business Tower, located on the eastern ring road, is Bavaria's second-highest office building at 135 meters and 34 stories.