GEV Grundeigentümer-Versicherung

What GEV Grundeigentümer-Versicherung does

GEV Grundeigentümer-Versicherung is a German mutual insurance association (Versicherungsverein auf Gegenseitigkeit, VVaG) founded in 1891 and headquartered in Hamburg. The company specializes exclusively in property and casualty insurance for residential property owners, landlords, and real estate administrators, offering nine core products: Wohngebäudeversicherung (residential building insurance, representing approximately 70% of premium income), Hausratversicherung, Privathaftpflichtversicherung, Haus- und Grundbesitzerhaftpflichtversicherung, Ferienhausversicherung, Bauherrenhaftpflichtversicherung, Bauleistungsversicherung, Gewässerschadenhaftpflicht, and Elementarversicherung. Its flagship product, the Wohngebäudeversicherung tariff Home Max, has been named Stiftung Warentest test winner for three consecutive years through October 2025.

The company's core technology is a tariff calculation and policy management system supporting online quote-and-bind workflows on gev-versicherung.de, a dedicated broker portal (MaklerNet), and phone-based customer service. GEV distributes through three channels: direct online/phone sales to consumers, the Haus & Grund partnership (Germany's largest property owner association with ~900,000 members across 900 local associations), and a broker channel. As a mutual structure under BaFin regulation, policyholders are voting members rather than external shareholders, and profits are reinvested to support long-term price stability. The company reported €101.8 million in premium income and €42.8 million in claims expenses for fiscal year 2025, supported by 145 employees in internal and field operations.

Revenue is generated primarily through recurring insurance premiums on subscription contracts (with monthly billing for most products and one-time payment options for construction-phase covers). The customer base is fragmented across individual homeowners, landlords, and SMBs, with no disclosed enterprise anchors. Geographic exposure is solely domestic, with all operations in Germany and no international footprint.

Name

GEV Grundeigentümer-Versicherung

Legal name

Grundeigentümer-Versicherung, Versicherungsverein auf Gegenseitigkeit (VVaG)

Website

https://gev-versicherung.de

Company type

Private

Founded year

1891

Operating status

Operating

Headcount range

51–100 employees

Short description

GEV Grundeigentümer-Versicherung is a 1891-founded Hamburg-based mutual property insurer (VVaG) serving German homeowners, landlords, and property managers with nine P&C insurance products, distributed via direct online, broker, and the Haus & Grund partnership channel reaching ~900,000 members.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industries

Real Estate / Lessors Risk BOP (FSAJAFAI), Surplus Lines Property (CAT/High-Hazard) (FSAJAGAB)

Keywords

• Property insurance
• Building insurance
• Household contents insurance
• Personal liability insurance
• Mutual insurance association

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance premiums: GEV generates revenue through insurance premiums from multiple property and liability insurance products. As a mutual insurance company (Versicherungsverein auf Gegenseitigkeit), policyholders are members and profits are reinvested for price stability and strengthening economic capability.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

GEV Grundeigentümer-Versicherung is a mutual insurance association (Versicherungsverein auf Gegenseitigkeit, VVaG) that sells a focused portfolio of nine property and liability insurance products to homeowners, landlords, and property managers in Germany. The core portfolio covers residential building insurance (Wohngebäudeversicherung, including the award-winning Home Max tariff), household contents, personal liability, property owner liability, holiday home, builder's liability, construction performance, water damage liability, and elementary (extreme weather) insurance, with Wohngebäudeversicherung representing approximately 70% of premium income.

Product overview

GEV Grundeigentümer-Versicherung is a Versicherungsverein auf Gegenseitigkeit (mutual insurance association) specializing in property insurance for real estate owners. The company offers a portfolio of nine core insurance products: Wohngebäudeversicherung (residential building insurance, representing ca. 70% of premium income), Hausratversicherung (household contents), Privathaftpflichtversicherung (personal liability), Haus- und Grundbesitzerhaftpflichtversicherung (property owner liability), Ferienhausversicherung (holiday home), Bauherrenhaftpflichtversicherung (builder's liability), Bauleistungsversicherung (construction performance), Gewässerschadenhaftpflicht (water damage liability), and Elementarversicherung (elementary damage). The flagship product is the Wohngebäudeversicherung tariff 'Home Max,' which has been named test winner by Stiftung Warentest three consecutive times. As a mutual insurance association, policyholders are members, and the company operates for long-term price stability rather than profit maximization.

Differentiator

Problem solved

Functional benefit

Brands

• Home Max: The Wohngebäudeversicherung (building insurance) tariff product that has been named test winner by Stiftung Warentest three times in a row (most recently October 2025).

Products and services

• Wohngebäudeversicherung (Home Max) Residential building insurance that covers the costs of repair or rebuilding of insured residential buildings; the Home Max tariff has been named test winner by Stiftung Warentest three consecutive times and represents approximately 70% of GEV premium income.
• Hausratversicherung Household contents insurance that protects the contents of a home against fire, burglary, water damage, and similar perils for private households.
• Privathaftpflichtversicherung Personal liability insurance that protects policyholders from financial ruin caused by accidental damage to others in everyday life; rated 'Sehr gut' by Stiftung Warentest and offers special tariffs for persons aged 60+.
• Haus- und Grundbesitzerhaftpflichtversicherung Home and property owner liability insurance designed for owners, landlords, and lessors of built or undeveloped properties, covering third-party liability arising from property ownership; bundle discount of 10% available with another GEV contract.
• Ferienhausversicherung Holiday home insurance specifically for properties that are not permanently occupied, providing protection against damages often discovered too late in seasonal or unoccupied vacation properties.
• Bauherrenhaftpflichtversicherung Builder's liability insurance covering dangers on construction sites where the builder bears full liability for injuries or damages to third parties, available as a one-time payment from €35.16.
• Bauleistungsversicherung Construction performance insurance that protects construction projects against unforeseeable damages from vandalism, construction and material defects, or force majeure, available as a one-time payment from €160.00.
• Gewässerschadenhaftpflicht Water damage liability insurance covering the financial consequences of a leaking oil tank for homeowners with oil heating, starting from €4.10 per month.
• Elementarversicherung Elementary insurance protecting household contents and residential buildings against extreme weather events such as floods, starting from €0.23 per month.

Quantifiable outcome

• 3x consecutive test winner at Stiftung Warentest for Wohngebäudeversicherung Home Max (October 2025)
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Haus & Grund (Eigentümerschutzgemeinschaft Haus & Grund)coreChannel Partner/ Reseller/ Distributor · 1 January 1891GEV is the premium partner of Haus & Grund, Germany's largest property owner association with approximately 900,000 members across 900 local associations and 22 state associations. The partnership provides Haus & Grund members with a 10% discount on all GEV insurance products. GEV has been a partner since its founding in 1891.

Scale indicators6 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• R+V Versicherung: Cooperative (genossenschaftlich) German insurer affiliated with the Volksbanken Raiffeisenbanken banking group, offering building, household contents, liability and personal insurance to private customers. Comparable cooperative/mutual ethos, distribution through affiliated associations, and similar property-insurance product mix.
• VHV Versicherungen: German mutual insurance group (VHV a.G.) strongly focused on property/casualty insurance for private customers, tradesmen, housing industry and municipalities. Closely comparable in mutual structure, property-insurance specialization and German-only footprint.
• HUK-COBURG: One of Germany's largest mutual insurers (Versicherungsverein auf Gegenseitigkeit) offering property, liability, motor and legal protection insurance to private households. Most comparable to GEV by structure (mutual), customer focus (German households/property owners) and product breadth across building/contents/liability lines.
• Bayerische Versicherung: Regional German mutual insurer serving Bavaria with property, liability and personal insurance lines. Comparable to GEV as a regionally focused mutual insurer with strong building and household contents offerings.
• DEVK Versicherungen: Large German mutual insurance group (DEVK a.G.) serving both private and commercial customers with property, liability and motor lines. Comparable to GEV as a mutual insurer with a strong property-and-liability book and German-only operations.
• Concordia Versicherungen: German mutual insurer (Concordia Versicherungsgesellschaft auf Gegenseitigkeit) focused on private customer property and casualty insurance. Directly comparable mutual structure and product focus on Wohngebäude-, Hausrat- and Privathaftpflichtversicherung.

Emerging players

• Getsafe: German insurtech providing digital property, liability and household contents insurance directly to consumers via mobile app. Comparable as a direct competitor for German property/casualty customers, but differentiated by digital-first distribution and targeting younger customers — a strategic threat to GEV's incumbent position.

Broad incumbents

• Zurich Versicherung Deutschland: German arm of Zurich Insurance Group, offering property, liability and household insurance to private and commercial customers. Comparable product overlap in property insurance, though Zurich competes from a much larger, broader portfolio.
• Allianz Versicherung (Allianz Deutschland): Germany's largest insurer with a broad property/casualty product suite including Wohngebäude-, Hausrat- and Privathaftpflichtversicherung. Comparable as a property-insurance competitor to German homeowners and landlords, though far larger and offering many other lines.
• Basler Versicherungen: German P&C insurer offering property, liability and motor coverage through broker and direct channels, owned by Baloise Group. Comparable in property/casualty focus for German private customers, though operating as a broader portfolio insurer rather than a pure mutual.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/GEV.Versicherung
• LinkedInlinkedin.com/company/gevgrundeigentuemer-versicherung
• Instagraminstagram.com/gev_versicherung
• Xx.com/grundvers

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 GEV Grundeigentümer-Versicherung