Name

DEVK

Legal name

DEVK Versicherungen

Website

https://devk.de

Company type

Private

Founded year

1886

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Personal Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411)

akta.pro primary industry

General Liability Insurance (FSAJAMAE)

Keywords

• Personal insurance services
• Vehicle insurance coverage
• Property insurance products
• Health insurance plans
• Legal protection insurance

Headquarters

HQ city

Cologne

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Insurance Premiums: DEVK generates revenue primarily through insurance premiums across multiple product lines including motor vehicle, liability, property, health, legal protection, and accident insurance. The company reported gross written premiums of EUR 5.75 billion in 2025, up 7% from 2024.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

DEVK Versicherungen is a German mutual insurance company providing a comprehensive range of personal insurance products including vehicle, property, liability, legal protection, health, accident, travel, pet, and retirement/life insurance. The company serves German consumers and businesses through a multi-channel distribution model spanning field advisors, online direct sales, phone/video consultation, and the meineDEVK self-service portal. Revenue is generated primarily through recurring insurance premiums, with €5.75 billion in gross written premiums in 2025.

Product overview

DEVK Versicherungen is a German insurance provider offering a comprehensive portfolio of insurance and financial products. The core offerings include vehicle insurance (Kfz-Versicherung) covering cars, motorcycles, trailers, and specialty vehicles; property insurance including building (Wohngebäudeversicherung), household (Hausratversicherung), and glass insurance; liability coverage through private and pet owner liability insurance; legal protection insurance; health insurance including private, statutory, and supplementary options; accident and nursing care insurance; and retirement/financial products including occupational disability, term life, and pension plans. The digital platform comprises the meineDEVK customer portal for 24/7 policy management and claims reporting, and an online tariff calculator system. Additional specialized products include travel insurance, pet health insurance (via Uelzener partnership), and various add-on protection plans like electronic protection and home protection letters. The company serves both individual consumers and business clients through multiple distribution channels including online, phone, and personal advisors.

Differentiator

Problem solved

Functional benefit

Brands

• meineDEVK: Online customer portal for managing insurance policies, viewing documents, and filing claims

Products and services

• Kfz-Versicherung (Vehicle Insurance)
• Reiseversicherung (Travel Insurance) Travel insurance products including foreign travel health insurance, travel baggage insurance, and travel cancellation insurance, offered in partnership with ERGO Reiseversicherung. For German travelers seeking coverage for domestic and international trips.
• Privathaftpflichtversicherung (Private Liability Insurance) Personal liability insurance protecting against damages caused to third parties. Includes coverage for families, singles, and seniors with various tariff options. For private individuals and families in Germany.
• Tierhalterhaftpflichtversicherung (Pet Owner Liability Insurance) Liability insurance for pet owners covering damages caused by their animals, including dogs, cats, and other pets. For German pet owners seeking third-party liability protection.
• Rechtsschutzversicherung (Legal Protection Insurance) Legal protection insurance covering private, professional, and traffic-related legal matters. Includes options for rental property disputes, family law, and contract disputes. For private individuals and employees in Germany.
• Wohngebäudeversicherung (Building Insurance) Insurance for residential buildings covering damage from fire, water, storm, hail, and elemental damage. Includes options for photovoltaic systems. For German homeowners and property owners.
• Hausratversicherung (Household Insurance) Insurance covering household contents against theft, fire, water damage, and elemental perils. Includes optional electronic protection add-ons and coverage for balcony power plants. For German tenants and homeowners.
• Private Krankenversicherung (Private Health Insurance) Private health insurance providing comprehensive medical coverage with various tariff options for individuals and families. For German residents seeking private medical coverage.
• Gesetzliche Krankenversicherung (Statutory Health Insurance) Statutory health insurance providing basic medical coverage as required by German law. For German residents eligible for and seeking statutory health insurance coverage.
• Unfallversicherung (Accident Insurance) Accident insurance providing coverage for injuries and disabilities resulting from accidents, available for individuals, children, and families with various protection levels. For German individuals and families seeking accident protection.
• Berufsunfähigkeitsversicherung (Occupational Disability Insurance) Insurance providing income protection if the insured person becomes unable to work due to occupational disability. For German working professionals.
• Risikolebensversicherung (Term Life Insurance) Term life insurance providing financial protection for family members in case of the insured person's death. For German individuals and families with financial dependents.
• Betriebliche Altersvorsorge (Occupational Retirement Provision) Company-provided retirement savings plans and pension schemes for employees as part of occupational pension provision. For German employers and their employees.
• Pflegezusatzversicherung (Nursing Care Supplementary Insurance) Supplementary insurance for long-term care needs, providing additional financial protection beyond standard nursing care coverage. For German individuals planning for long-term care costs.
• Immobilienfinanzierung (Real Estate Financing) Real estate financing services including mortgage loans and property financing solutions. For German property buyers and homeowners.
• Girokonto (Current Account) Current banking account services for managing personal finances and transactions. For German consumers seeking everyday banking services.
• Pet Health Insurance (Cats, Dogs, Horses) Full health and surgery insurance coverage for cats, dogs, and horses covering veterinary costs, treatments, ambulatory and stationary care, and surgical procedures, offered in partnership with Uelzener Tierversicherungen. For German pet owners.
• meineDEVK Customer Portal Online customer portal providing 24/7 access to policy management, claims reporting, document access via grünePostbox digital mailbox, and policy changes including address updates, bank details, and name changes. For DEVK policyholders.

Quantifiable outcome

• Claims processed within 3 business days for auto casco damage
• +3 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Deutsche BahncoreStrategic or Co-development PartnerStrategic partnership between DEVK and Deutsche Bahn for mutual promotion and customer referral. The partnership allows DEVK to reach Deutsche Bahn customers as a trusted insurance provider.
• ERGO ReiseversicherungminorChannel Partner/ Reseller/ DistributorCooperation partner for travel insurance products including single trip, annual travel cancellation, student/school travel, and group travel insurance. DEVK offers ERGO travel products through its platform.
• Uelzener TierversicherungenminorChannel Partner/ Reseller/ DistributorPartnership for pet insurance products including cat, dog, and horse health and surgery coverage. DEVK offers Uelzener pet insurance through its platform.
• ROLAND AssistanceminorImplementation/ SI/ Consulting PartnerService partner for household and apartment protection services (Wohnungs- und Hausschutzbrief). ROLAND organizes assistance services and settles with service providers directly. DEVK covers costs up to €1,500 per insurance year.
• MINEKOminorStrategic or Co-development PartnerService partnership for checking ancillary cost statements (Nebenkostenabrechnung). DEVK covers costs for legal protection policyholders to have their rental operating cost statements reviewed.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HUK-Coburg: Germany's largest mutual motor and personal lines insurer, offering a similarly broad portfolio (auto, home, liability, legal protection, life, health) through both direct and field-advisor channels. Directly comparable in product mix, mutual ownership structure, and German market focus.
• LVM Versicherung: Mutual insurer headquartered in Münster with a comparable full-spectrum personal lines book (auto, home, liability, life, health) and a strong regional field-advisor distribution model. Closely matches DEVK in mutual ownership and product breadth.
• VHV Versicherung: Hanover-based mutual insurer with strong focus on motor, liability, and property for retail and SME customers in Germany. Overlapping product set and mutual structure make it a direct peer.
• R+V Versicherung: Cooperative-style German insurer (affiliated with the cooperative banking group) offering motor, home, life, and health insurance with a broad regional agent network and direct digital channels. Similar product range and multi-channel distribution to DEVK.
• Württembergische Versicherung: Stuttgart-based mutual insurer in the W&W Group offering personal and small-commercial P&C, life, and health insurance. Comparable regional German mutual with overlapping product and channel profile.

Broad incumbents

• ERGO (Munich Re Group): Primary insurance arm of Munich Re offering motor, health, life, and property products across Germany and internationally. Overlaps with DEVK across almost every personal line but operates as part of a much larger global reinsurance/insurance conglomerate.
• Allianz Versicherung (Allianz SE): Germany's largest insurer with a comprehensive personal and commercial P&C, life, and health portfolio. Largest German competitor across motor, home, and health lines; broader global footprint than DEVK.
• Generali Deutschland: German arm of the Generali Group offering motor, property, liability, life, and health insurance. Overlaps with DEVK in core personal P&C but is part of a larger European insurance group.
• AXA Konzern AG: German subsidiary of AXA offering motor, home, liability, health, and life insurance. Comparable product scope to DEVK but operates as part of a global AXA network with different distribution mix.
• Zurich Versicherung Deutschland: German arm of Zurich Insurance Group providing motor, home, liability, and life products to retail and commercial customers. Overlaps with DEVK's personal lines while being part of a larger global insurer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DEVK