German Insurance, Companies & Insurance Quote
Insurance in Germany is a must for all people. The financial market has grown fast and the insurance business is experiencing a steady growth. German has introduced Allianz, the best multinational company in the business of insurance.
This was established in Berlin. There are nearly 500 companies dealing with insurance in Germany and some of the leading companies offering life insurance are Allianz Leben Insurance, Victoria Leben Insurance, Aachenmunchener Leb Insurance, AXA Leben Insurance, Dt. Herold Leben Insurance and Debeka Leben Insurance.
The leading companies handling non-life insurance in Germany are Allianz Vers. Insurance, Zurich Vers. AG, LVN Sach Insurance, AXA Vers. Insurance, Victoria Vers. Insurance, R+V Allgemeine Vers. Insurance and Wurtt. Vers Insurance.
The insurance market experiences little growth recently and has shown expansion of 4% between the years 2001 to 2004. However, the total insurance market is expected to reach €200 billion by 2010. The insurance companies in German are facing tough competition, yet it is estimated that there will be an increase in 2010 reaching to €6.2 billion.
Germany insurance insists on everyone having insurance coverage and the requirement for that is any person entering Germany or staying for a period of six months or over six months should purchase insurance.
Germany insurance for an automobile coverage and its premium is based on various factors such as your past driving record is reviewed. Apart from the model, make of the vehicle and the year is considered, besides the mileage of the vehicle.
These insurance companies offer discount ranging between 25 to 30% for people taking insurance and do not involve in any car accident within a year.
The list of insurance providers in Germany are many in numbers and they offer accidental death and disablement insurance covering 100% expenses in accidental death and nearly 5 to 6 times of the annual income if an individual becomes disabled. There is term life insurance also available providing financial payout to the beneficiary.
There are different companies offering insurance in Germany and sometimes choosing one is truly challenging. Conversely, the top five companies that are the best insurance providers in Germany are Allianz, Annex, AXA Group, ABM Generali and Buffalo German Insurance.