Versorgungswerk

What Versorgungswerk does

Versorgungswerk der Landesärztekammer Hessen is a public-law pension institution (Körperschaft des öffentlichen Rechts) that provides mandatory occupational pension insurance to physicians practicing in the German federal state of Hesse. Founded on January 1, 1968 and headquartered at Hanauer Landstraße 150 in Frankfurt am Main, the organization operates as a semi-autonomous body of the Landesärztekammer Hessen, governed by an 80-member Delegiertenversammlung and a 7-member honorary Board, with approximately 130 employees organized across Asset Management, Insurance Operations, and Business Organization/Operational Excellence divisions.

The product set covers old-age pensions (regular retirement at age 67, advanced or deferred, and partial pensions allowing 30/50/70% conversion), occupational disability pensions partly funded through member solidarity, survivor pensions (widow, widower, orphan), rehabilitation grants, child-rearing credits, and enhanced coverage options (Höherversorgung). The 18.6% contribution rate aligns with the Deutsche Rentenversicherung statutory rate, with the 2026 monthly contribution ceiling set at €8,450 (max monthly contribution €1,571.70). Members access services through a SAP Fiori-based Mitgliederportal that now includes an online pension self-calculator launched in July 2026, alongside downloadable PDF forms and traditional postal correspondence.

The organization funds pension obligations from member contributions invested at capital markets, managing more than 12 billion EUR in assets and serving over 30,000 contributing members and 13,000 benefit recipients. Distribution is structurally employer-mediated: contributions are collected via the DASBV electronic employer reporting system or via SEPA direct debit, and the institution operates without state subsidies. Strategic partnerships include Deutsche Apotheker- und Ärztebank (banking), DASBV (employer data integration), ABV (industry association of 91 German occupational pension schemes), and Heuking Kühn Lüer Wojtek (whistleblower reporting).

Name

Versorgungswerk

Legal name

Versorgungswerk der Landesärztekammer Hessen (KdöR)

Website

https://vw-laekh.de

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

1–10 employees

Short description

Versorgungswerk der Landesärztekammer Hessen is a mandatory public-law pension fund serving over 30,000 physicians in Hesse, Germany, providing retirement, disability, and survivor pensions funded by 18.6% member contributions invested across more than 12 billion EUR in assets.

Ownership category

akta.pro rank

Product category

Occupational Pension Fund

NAICS

Pension Funds (52511), Pension Funds (525110), Health and Welfare Funds (525120)

SIC

Hospital & Medical Service Plans (6324), Life Insurance (6311)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industry

Own-Occupation Specialty Disability Insurance (Professional Occupations) (FSAIAIAI)

Keywords

• Occupational pension fund
• Physician retirement insurance
• Professional pension scheme
• Disability pension coverage
• Survivor pension benefits

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Member Contributions: Members pay monthly contributions (18.6% contribution rate) deducted from income. Contributions are invested at capital markets to generate returns for funding pension obligations. Revenue comes from investment returns on member contributions and actuarial operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Core offering

Versorgungswerk der Landesärztekammer Hessen provides mandatory occupational pension coverage to physicians practicing in the German state of Hesse, including old-age pensions, partial pensions, occupational disability pensions, and survivor pensions. Members pay monthly contributions of 18.6% of income which the organization invests in capital markets to fund pension obligations, while also providing self-service member portal functionality for account and pension calculations management.

Product overview

Versorgungswerk der Landesärztekammer Hessen is a pension fund for physicians in Hesse, Germany, offering a comprehensive retirement and insurance system. The core offering consists of various pension types including old-age pension (Altersrente), partial pension (Teilrente), occupational disability pension (Berufsunfähigkeitsrente), and survivor's pensions (Hinterbliebenenrente). Members access services through the SAP-based Mitgliederportal (Member Portal), an online self-service platform enabling pension calculations, document management, and data updates. Supporting services include rehabilitation grants and downloadable forms for various administrative processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Altersrente (Old-Age Pension) Retirement pension with regular retirement at age 67, plus options for advanced (vorgezogene) or deferred (aufgeschobene) retirement. Core pension benefit for physician members.
• Teilrente (Partial Pension) Partial pension allowing members to convert 30%, 50% or 70% of their annuity into pension. From July 2026 also available as regular or deferred pension. Remaining annuity continues receiving contributions until later conversion.
• Berufsunfähigkeitsrente (Occupational Disability Pension) Pension paid in case of occupational disability. Partially funded through solidarity of all physician members.
• Hinterbliebenenrente (Survivor's Pension) Pension for surviving dependents including widow, widower and orphan benefits in case of a member's death.
• Reha-Zuschuss (Rehabilitation Grant) Financial subsidy supporting rehabilitation measures for members.
• Mitgliederportal (Member Portal) Online self-service portal for members to manage their pension affairs: pension calculations, document downloads, bank information updates, employer change notifications and form submission. Built on SAP Fiori at portal.vw-laekh.de.
• Online-Rentenberechnung (Online Pension Calculator) Self-service pension calculator within the Mitgliederportal that allows members to independently calculate advanced/deferred retirement pension, partial pension combinations, contribution changes including Höherversorgung and one-time payments, with saveable results and protocol generation.

Quantifiable outcome

• Assets under management of more than 12 billion EUR
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Four partnerships are on record, tiered strategic and core.

• ABV (Arbeitsgemeinschaft Berufsständischer Versorgungseinrichtungen)strategicStrategic or Co-development Partner · 6 May 2025ABV is the interest representation of all 91 occupational pension schemes of the liberal professions in Germany. The Versorgungswerk LAEKH is a member and participates in this industry association.
• Heuking Kühn Lüer Wojtek PartmbBcoreImplementation/ SI/ Consulting PartnerThe law firm Heuking Kühn Lüer Wojtek has been commissioned with receiving whistleblower reports and initial communication with reporting persons. They operate the WhistleFox webform for the internal reporting system.
• DASBV (Datenservice für berufsständische Versorgungseinrichtungen GmbH)coreTechnology or IntegrationDASBV serves as the central receiving point for employer data transmissions. It operates on behalf of the ABV (Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen) and forwards data to the respective occupational pension schemes.
• Deutsche Apotheker- und Ärztebank eGcoreChannel Partner/ Reseller/ DistributorThe Deutsche Apotheker- und Ärztebank serves as the banking partner for the Versorgungswerk, handling contribution transfers and other banking services.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Bayerische Ärzteversorgung: Mandatory occupational pension scheme for physicians practicing in Bavaria. Direct functional peer to Versorgungswerk LAEKH, offering the same retirement, disability, and survivor benefits to a parallel regional physician population under analogous berufsständisch regulation.
• Versorgungswerk der Ärztekammer Nordrhein: Pension fund for physicians in the North Rhine region of Germany. Operates the same mandatory membership model for medical professionals under the same Heilberufsgesetz framework as Versorgungswerk LAEKH.
• Versorgungswerk der Landesärztekammer Baden-Württemberg: Mandatory occupational pension scheme for physicians in Baden-Württemberg. Functionally equivalent peer serving the same physician cohort under comparable statutory regulation, with similar AUM scale and product offering.
• Versorgungswerk der Zahnärztekammer Berlin: Pension fund for dentists in Berlin. Adjacent professional pension scheme under the same liberal-professions Versorgungswerk framework, offering a useful comparison for product design and actuarial assumptions applied to medical-style professions.
• Ärzteversorgung Westfalen-Lippe: Statutory pension scheme for physicians in Westphalia-Lippe. Closely mirrors the Versorgungswerk LAEKH model with mandatory membership, defined-contribution-style funding, and comprehensive disability/survivor benefits.
• Versorgungswerk der Rechtsanwaltskammer Frankfurt am Main: Mandatory pension scheme for lawyers in Frankfurt. Operates under the same Hessian legal framework and liberal-professions regulation as Versorgungswerk LAEKH, providing cross-profession benchmarking for contributions, benefits, and administration.
• Versorgungswerk der Ärztekammer Berlin: Pension fund for physicians in Berlin. Direct peer operating the same mandatory pension model for medical professionals under the Berlin Heilberufsgesetz, with comparable member benefits and contribution structure.

Broad incumbents

• Bayerische Versorgungskammer: Largest German berufsständische Versorgungskammer, administering pension schemes for multiple liberal professions (not just physicians) across Bavaria. Operates at much greater scale and provides infrastructure benchmarking relevant to Versorgungswerk LAEKH.
• Deutsche Rentenversicherung Bund: Statutory German public pension insurance. Members of Versorgungswerk LAEKH are typically exempted (Befreiung von der DRV); the fund operates as a supplemental professional scheme layered on top of DRV benefits, making it a key structural benchmark.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Versorgungswerk