ÖSA insurance

What ÖSA insurance does

ÖSA Versicherungen is a BaFin-supervised public-law insurance institution (Anstalt des öffentlichen Rechts) headquartered in Magdeburg, operating exclusively in the German federal state of Saxony-Anhalt. It is structured as a consortium of two public entities — Öffentliche Feuerversicherung Sachsen-Anhalt and Öffentliche Lebensversicherung Sachsen-Anhalt — and positions itself as the only insurance provider headquartered in Saxony-Anhalt, with a 100% public-welfare ("Gemeinwohl") mandate. The company offers a comprehensive multi-line insurance portfolio covering motor (Kfz, bicycle, e-scooter, motorcycle, camper, plus the Mein Copilot 2.0 automatic emergency-call add-on), household and residential building, personal liability, legal expenses, occupational disability and accident, travel, pet, and a full retirement-planning suite (FondsRente, StrategieRente, BasisRente, Risikolebens, plus specialized variants such as Feuerwehrrente and KommunalRente). Health and legal-expense lines are underwritten through cooperation partners ÖRAG and UKV, while Cardif and ProTect provide residual credit insurance components.

Distribution combines 80 own agencies with the entire Sparkassen (savings bank) branch network across Saxony-Anhalt under a mutual referral arrangement, supplemented by a customer portal (Meine ÖSA), iOS/Android apps, and a Beratersuche advisor-search tool. A separate B2B/government vertical — the WIND severe-weather early-warning system, Weather Cockpit® portal, and MehrWetter-App — serves municipal customers for emergency planning and winter services. Marketing relies on regional content (blog series, podcast, YouTube), Instagram presence, family-oriented campaigns including a licensed Peppa Pig partnership, and community sponsorship of 300+ social, cultural, and sports projects annually.

The underlying technology stack is described as standard insurance IT for policy administration, claims, and customer management. Differentiated features are domain-specialized rather than AI-driven: Mein Copilot 2.0 provides telematics-based automatic accident notification, and the WIND/Weather Cockpit® products deliver meteorological alerting to municipalities. Revenue is not publicly disclosed; the organization is privately held as a public-law entity under no parent company, supervised by BaFin and a member of the Verband der öffentlichen Versicherer.

Name

ÖSA insurance

Legal name

ÖSA Versicherungen (Zusammenschluss der Öffentlichen Feuerversicherung Sachsen-Anhalt und der Öffentlichen Lebensversicherung Sachsen-Anhalt)

Website

https://oesa.de

Company type

Private

Founded year

1992

Operating status

Operating

Short description

ÖSA Versicherungen is a BaFin-supervised public-law regional insurer headquartered in Magdeburg, serving private customers, SMBs, farmers, and municipalities in Saxony-Anhalt through 80 own agencies and the full Sparkassen network with a full multi-line insurance portfolio.

Ownership category

akta.pro rank

Headquarters

HQ city

Magdeburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Distribution channels5 records

Marketing channels7 records

Core offering

ÖSA Versicherungen is a public-law insurance consortium in Saxony-Anhalt, Germany, selling a comprehensive portfolio of insurance products for private customers, business clients, farmers, and municipalities. Its offering spans auto/mobility, household and building, liability and legal protection, accident and occupational disability, travel, pet, health, and life/pension insurance, complemented by digital services such as the MehrWetter-App, WIND severe weather early warning system, Weather Cockpit®, and Mein Copilot 2.0 automatic emergency call feature.

Product overview

ÖSA insurance (Öffentliche Versicherungen Sachsen-Anhalt) is a German public-sector insurance provider consisting of Öffentliche Feuerversicherung Sachsen-Anhalt (property/fire insurer) and Öffentliche Lebensversicherung Sachsen-Anhalt (life insurer). The company offers a comprehensive insurance portfolio organized across multiple categories: vehicle insurance (Kfz, bicycle, e-scooter, motorcycle, camper), home insurance (Hausrat, Wohngebäude, natural hazard protection), income protection (Berufsunfähigkeit, accident), liability coverage (private liability, cyber), travel insurance, pet insurance, and retirement planning products (FondsRente, StrategieRente, private pensions). The offering includes specialized digital services such as Mein Copilot 2.0 (automatic emergency calling for vehicles), the MehrWetter-App for weather warnings, WIND severe weather early warning system for municipalities, and Weather Cockpit® for municipal weather planning. Insurance products are distributed through 80 own agencies, Sparkasse branches throughout Saxony-Anhalt, and digital channels including a customer portal.

Differentiator

Problem solved

Functional benefit

Brands

• MehrWetter-App: Weather warning and forecasting app providing severe weather alerts for Germany and Europe
• WIND
• Weather Cockpit®

Products and services

• Kfz-Versicherung Vehicle insurance for automobiles with various coverage options, including the Mein Copilot 2.0 automatic emergency call add-on feature. Targeted at private customers and businesses with vehicles in Saxony-Anhalt.
• Hausratversicherung Household contents insurance protecting personal belongings within the home against damage, theft, and other specified risks. Targeted at private households in Saxony-Anhalt.
• Wohngebäudeversicherung Residential building insurance covering damage from fire, water, storm, and other covered perils. Targeted at homeowners in Saxony-Anhalt.
• Privathaftpflichtversicherung Personal liability insurance covering damages caused to third parties in private life situations. Targeted at private individuals and families.
• Berufsunfähigkeitsversicherung (incl. StartBU) Occupational disability insurance providing income protection if the policyholder becomes unable to work due to illness or accident; includes the StartBU variant tailored for young people. Targeted at working adults and young professionals.
• Unfallversicherung Accident insurance providing financial compensation for injuries and disabilities resulting from accidents. Targeted at private individuals and families.
• Rechtsschutzversicherung Legal expenses insurance covering legal costs and attorney fees for covered legal disputes. Offered in cooperation with ÖRAG. Targeted at private individuals and businesses.
• Cyberversicherung Cyber insurance providing protection against digital risks, data breaches, and cyber-related damages. Targeted at private individuals and businesses.
• Private Krankenversicherung Private health insurance providing comprehensive medical coverage beyond the statutory system. Offered in cooperation with UKV. Targeted at private individuals seeking supplementary/private health coverage.
• FondsRente Fund-based pension insurance combining life insurance with investment in funds for retirement savings with growth potential. Targeted at private individuals planning retirement.
• StrategieRente Strategic pension insurance with a structured investment approach for retirement planning. Targeted at private individuals planning retirement.
• Risikolebensversicherung Term life insurance providing a death benefit to protect family members and dependents. Targeted at private individuals and families.
• Reiseversicherung Komplettpaket Comprehensive travel insurance package including medical, trip cancellation, and travel assistance coverage. Targeted at private individuals and families traveling abroad.
• Auslandsreise-Krankenversicherung Foreign travel health insurance covering medical expenses while traveling abroad. Targeted at private individuals undertaking international travel.
• Fahrradversicherung Bicycle insurance covering theft, damage, and related risks for bicycles and e-bikes. Targeted at private owners of bicycles/e-bikes in Saxony-Anhalt.
• E-Scooter-Versicherung Insurance coverage for electric scooters addressing the specific risks of this mobility category. Targeted at private e-scooter owners.
• Hundekrankenversicherung Health insurance for dogs covering veterinary expenses and medical treatments. Targeted at private dog owners.
• Mein Copilot 2.0 Automatic emergency call feature for vehicles that detects accidents and automatically contacts emergency services with vehicle location and relevant data. Available as an add-on within ÖSA vehicle insurance.
• MehrWetter-App Weather application providing severe weather warnings, hourly forecasts, rain and cloud radar, and push notifications for Germany and Europe. Available for iOS and Android. Targeted at private customers and the general public.
• WIND (Unwetterfrühwarnsystem) Early severe weather warning system for municipalities providing reliable alerts before extreme weather events with a structured warning-level concept covering type, intensity, and weather progression. Targeted at municipal civil-protection authorities in Saxony-Anhalt.
• Weather Cockpit® Customizable online portal providing precise live weather data and forecasts, with time-accurate weather radar images, lightning information, extreme temperature displays, and archiving capabilities. Targeted at municipalities for planning purposes.

Quantifiable outcome

• KUBUS 2023: Very good (4 out of 5 stars) for customer service, customer satisfaction, and price-performance ratio

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Code of Conduct (Datenschutz-Verhaltenscodex)coreStrategic or Co-development Partner · 1 March 2013ÖSA joined the Data Protection Code of Conduct with effect from March 1, 2013. The code was developed jointly by consumer protection associations, data protection supervisory authorities, and the German Insurance Association (GDV). ÖSA committed to implementing these behavioral rules.
• Sparkassen in Sachsen-AnhaltcoreChannel Partner/ Reseller/ DistributorMutual distribution partnership where Sparkassen (savings banks) in Saxony-Anhalt distribute ÖSA insurance products and ÖSA refers customers for financial services. The Sparkassen distribute insurance products as additions to their own financial services offerings during customer consultations.
• ÖRAGcoreChannel Partner/ Reseller/ DistributorÖRAG is the cooperation partner for legal protection insurance (Rechtsschutzversicherung) products offered by ÖSA. Contract data is maintained at ÖRAG and forwarded to ÖSA agents for customer service.
• UKV (Unternehmensgruppe)coreChannel Partner/ Reseller/ DistributorUKV is the cooperation partner for health insurance products (Krankenversicherung). Contract data is maintained at UKV and forwarded to ÖSA agents for customer service.
• CardifminorChannel Partner/ Reseller/ DistributorCredit insurance provider for residual credit insurance (Restkreditversicherung) integrated into ÖSA offerings. Cardif independently insures risk portions and manages policy, application, billing and portfolio data.
• ProTectminorChannel Partner/ Reseller/ DistributorCredit insurance provider for residual credit insurance integrated into ÖSA offerings. ProTect independently insures risk portions and manages related policy data.
• Verband der öffentlichen VersichererminorOthersÖSA is a member of the Association of Public Insurers (Verband der öffentlichen Versicherer), the industry association for public insurance companies in Germany.
• Peppa PigminorGTM or Marketing PartnerLicensed Peppa Pig character partnership for family insurance marketing campaign 'Sicher groß werden' (Growing up safely) providing comprehensive protection for children's future.
• Fegert Recycling GmbHminorOthersCommunity partnership for charity collection - employees collected bottle caps for 'Metall macht Mut' campaign supporting children with cancer.
• Feuerwehren (Fire Departments) in Sachsen-AnhaltcoreOthersClose cooperation with fire departments throughout Saxony-Anhalt as part of community welfare orientation, including damage prevention initiatives.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• VGH Versicherungen: Regional public insurer for Lower Saxony operating under a similar state-level, Sparkassen-tied model with a multi-line product portfolio. Directly comparable in mission, product breadth, and regional concentration profile.
• SV SparkassenVersicherung: Public insurance group tied to the Sparkassen, offering P&C, life, and health products across Baden-Württemberg, Hesse, Thuringia, and Rhineland-Palatinate. Closely mirrors ÖSA's Sparkassen-channel distribution and public-sector positioning.
• R+V Versicherung: One of Germany's largest public-law-affiliated multi-line insurers, with strong cooperative bank (Volksbanken/Raiffeisenbanken) and Sparkassen distribution. Competes in many of the same product categories as ÖSA, including auto, home, life, and accident.
• Versicherungskammer Bayern (VKB): Public-law regional insurer headquartered in Bavaria with the same Anstalt des öffentlichen Rechts structure and Sparkassen-style distribution model. Operates as a multi-line P&C + life insurer for a single German Bundesland, making it the closest structural peer to ÖSA.
• Feuersozietät Berlin-Brandenburg: Public insurer for Berlin and Brandenburg with historical roots in fire insurance (the 'Feuersozietät' model ÖSA itself descends from). Closely comparable in single-state focus, public-welfare mandate, and property/fire + life product mix.
• Öffentliche Versicherung Braunschweig (ÖVB): Public-law regional insurer operating across Braunschweig/Lower Saxony with comparable Sparkassen integration, multi-line P&C and life products, and a community/public-welfare mission.

Broad incumbents

• Debeka: Germany's largest mutual insurer for public-sector employees, with strong overlap in private Krankenversicherung, life insurance, and BU products. Competes for the same public-sector and Beamten segments ÖSA addresses via its 'Beamte' product line.
• HUK-COBURG: Germany's largest mutual insurer, dominant in Kfz-Versicherung and a major competitor to ÖSA's auto insurance line. Overlaps in core product categories but operates nationally with significantly larger scale and broader distribution.
• Allianz Deutschland: Largest multi-line insurance carrier in Germany with national distribution, comprehensive P&C and life offerings, and significant digital investment. Primary national competitor on virtually every product category ÖSA sells.

Regional players

• Versicherer im Raum der Kirchen (VRK): Church-affiliated insurer operating primarily in southern and central Germany with a public-welfare-style positioning and comprehensive product portfolio. Comparable in mission and product breadth though operating in different geographies than ÖSA.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 ÖSA insurance