Debeka Krankenversicherungsverein auf Gegenseitigkeit - Introduction

Introduction

Ferdinand-Sauerbruch-Str. 18
D-56073 Koblenz
Germany
Telephone: ( + 49) (261) 498-1399
Fax: ( + 49) (261) 498-1199
Web site: http://www.debeka.de

Mutual Insurance Company
Incorporated: 1905 as Krankenunterstützungskasse für die Gemeindebeamten der Rheinprovinz a.G.
Employees: 13,800
Total Assets: EUR 8.8 billion ($11.5 billion) (2004)
NAIC: 524114 Direct Health and Medical Insurance Carriers; 524113 Direct Life Insurance Carriers; 524126 Direct Property and Casualty Insurance Carriers; 524128 Other Direct Insurance (Except Life, Health, and Medical) Carriers

Debeka Krankenversicherungsverein auf Gegenseitigkeit, based in Koblenz, sees itself as Germany's number one private health insurer and as the country's fourth-largest direct insurance company. More than 3.7 million health insurance customers provide 40 percent of Debeka's premium income. Roughly one-quarter of annual revenues originate from three million life insurance contracts of Debeka's life insurance subsidiary, Debeka Lebensversicherungsverein auf Gegenseitigkeit. Debeka health and life insurance are mutual insurance companies which are organized as cooperatives and owned by their members who are represented by elected member representatives. Civil servants make up a large part of Debeka's member base. Through various subsidiaries the group also offers life, property and casualty, legal, and accident insurance, as well as financial services for homeowners and pension plans.