Generali Deutschland AG (until 2008: AMB Generali) is a German

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

consisting of about 20

insurance companies Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

. It is the second largest direct insurance company in Germany after

Allianz Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. The ...

. Its headquarters is in

Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by popu ...

. Companies Generali Deutschland owns include Generali Versicherungen, AachenMünchener, CosmosDirekt and other. The company is fully owned by the

Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional Ita ...

group

Assicurazioni Generali Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or simply Generali Group is an Italian insurance company based in Trieste. As of 2019, it is the largest of its kind in Italy and among the top ten largest insurance companies in ...

. Since 2015, Giovanni Liverani has been CEO of the Generali Deutschland. In May 2015, he declares his new strategy which includes a renaming into Generali Deutschland (former: Generali Deutschland Holding) and a relocation from Cologne to Munich. Pressemitteilung

Economic Activity

There are numerous insurers and financial services companies working under the umbrella of Generali Deutschland AG, including Generali Versicherungen, AachenMünchener, CosmosDirekt, Central Krankenversicherung, Advocard Rechtsschutzversicherung, Deutsche Bausparkasse Badenia and Dialog. These companies cover the full spectrum of financial services, such as life, health, property and legal expense insurances, construction financing, as well as additional solutions like third-party asset management and real estate brokerage.

Key data

The operating result for Generali in Germany during fiscal year 2015 was €792 million (+5% vs. 2014). Total contributions for 2015 amounted to €17.8 billion. The insurance group has 13.5 million customers across Germany. As of 31 December 2015, Generali Deutschland had approximately 13,000 employees.

References

Financial services companies established in 1979 Insurance companies of Germany Companies based in Cologne Generali Group {{insurance-company-stub