SRC Special Risk Consortium GmbH

What SRC Special Risk Consortium GmbH does

SRC Special Risk Consortium GmbH is a Cologne-based German underwriting agency (Assekuradeur) founded in 2000, specializing in special risk insurance for the entertainment, sports, media, film, and tourism sectors. Operating as a regulated insurance intermediary with binding authority, SRC designs and distributes bespoke risk transfer solutions on behalf of a panel of major capacity providers including Allianz Commercial, Great Lakes Insurance SE (Munich Re), Lloyd's, ERGO, R+V, Zurich, Tokio Marine HCC, Beazley, and KRAVAG-LOGISTIC. The firm is headquartered in Köln with additional offices in Oberhaching (near Munich) and Hamburg, and operates with approximately 18 employees. The company is registered under §34d GewO with IHK Köln and is privately held, with no public funding history or external investor on file.

Name

SRC Special Risk Consortium GmbH

Legal name

Special Risk Consortium GmbH

Website

https://src-net.de

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Event Cancellation & Contingency (FSAJAGAN)

akta.pro secondary industry

Professional Liability (Errors & Omissions) (FSAJADAB)

Keywords

• Special risk insurance
• Event cancellation insurance
• Film production insurance
• Underwriting agency services
• Contingency insurance

Headquarters

HQ city

Köln (Cologne)

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commission from Insurance Companies: SRC receives commissions from insurance companies (insurers) for which it underwrites policies as an Assekuradeur. The commissions are embedded in insurance premiums paid by policyholders. SRC describes itself as receiving 'a commission for the mediation of insurance contracts' and notes that 'if required and agreed with our clients, we also act on the basis of other remuneration models, e.g. in the form of fee agreements.' Additional profit-sharing arrangements with insurers are also possible.
2. Fee Agreements: SRC offers alternative fee-based remuneration models for clients where commissions are not preferred, allowing for direct fee arrangements with policyholders for the design and placement of specialized insurance coverage.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

SRC Special Risk Consortium GmbH operates as a specialized underwriting agency (Assekuradeur) that designs and places bespoke insurance solutions for the entertainment, sports, media, and tourism industries. Acting with binding authority from multiple major insurers, the firm underwrites niche products such as event cancellation, prize indemnity, over-redemption, weather, film production, motorsport liability, professional athlete accident, and trip cancellation coverage that standard carriers typically decline. Distribution combines direct enterprise sales with insurance brokers and an online quote-request portal, supported by offices in Köln, Oberhaching, and Hamburg.

Product overview

SRC Special Risk Consortium GmbH is an Assekuradeur (underwriting agent) providing specialized insurance products for high-risk industries. The company offers a comprehensive portfolio of insurance solutions across three main verticals: (1) Event & Entertainment Insurance covering event cancellation, non-appearance, weather conditions, prize indemnity, and promotional risk (Over-Redemption, Fixed Fee, Prize-Bonus, Prize-Indemnity); (2) Sports Insurance covering motorsport liability/accident, professional athlete protection, and sports club relegation; and (3) Film & Media Insurance covering production liability, equipment, electronics, props, film materials, and content. Additional specializations include tourism/travel cancellation insurance (AllRisk Reiseausfallversicherung Premium for travelers with 100,000+ EUR travel volume). The company operates through offices in Köln, Oberhaching (Munich), and Hamburg, and acts as an intermediary with binding authority from multiple insurers including Allianz Commercial, Great Lakes Insurance SE (Munich Re), Lloyd's, ERGO, R+V, Zurich, Tokio Marine HCC, Beazley, and KRAVAG-LOGISTIC.

Differentiator

Problem solved

Functional benefit

Products and services

• Event Cancellation Insurance (Veranstaltungsausfallversicherung) Insurance covering cancellation of events, non-appearance of key people, adverse weather, key man risk and TV transmission failures for event organizers and producers.
• Over-Redemption Insurance (Over-Redemption Versicherung) Insurance transferring the entire financial risk of promotional campaigns with response rates from 0% to 100% to the risk carrier.
• Fixed Fee Insurance (Fixed Fee Versicherung) Insurance where the organizer transfers the entire financial risk of a promotional campaign to the risk carrier for a fixed fee.
• Prize-Bonus Insurance (Prize-Bonus Versicherung) Insurance covering bonus payments by sponsors and insurance against relegations of sports clubs for operators of sports arenas.
• Prize-Indemnity Insurance (Prize-Indemnity Versicherung / Competition Insurance) Insurance covering mathematical and dexterity competitions and sales promotion activities such as money-back guarantees when specific conditions occur.
• Motorsport Liability & Accident Insurance (Motorsport Haftpflicht- & Unfallversicherung) Liability and accident insurance for motorsport events covering drivers, passengers, marshals and spectators, used to satisfy mandatory liability proof for event permits.
• Professional Athlete Insurance (Absicherung von Profisportlern) Worldwide, 24/7 accident insurance for professional athletes covering injuries during play, training and leisure, extending beyond statutory accident insurance.
• AllRisk Trip Cancellation Insurance Premium (AllRisk Reiseausfallversicherung Premium) Comprehensive trip cancellation insurance for private and business travelers with annual travel volume of EUR 100,000 or more, covering acts of terrorism, strikes, national mourning, natural disasters and adverse weather.
• Film & TV Production Insurance Package (Filmapparate, Filmmaterial, Personenausfall, Produktionshaftpflicht, Produktionskasse, Requisiten, Sachschaden-Mehrkosten, Sach- und Elektronik, Wetterversicherung) Bespoke insurance package for film and television productions covering film apparatus and equipment, film materials and data carriers, person non-appearance, production liability, production cash/funds, props and set dressing, additional costs from property damage, property and electronics, and weather risk.
• Media & Events Insurance Package (Veranstalter-Haftpflicht, Betriebshaftpflicht Entertainment/Film/Media, Filmproduktionshaftpflicht, Event Unfall, Technische Versicherung, Elektronik, Inhaltsversicherung, Betriebsunterbrechung, Ausstellungsversicherung, Kurzfristige Sonderversicherung) Bespoke media and events liability and asset protection package for event organizers, film studios, lighting/sound rental firms, event agencies, recording studios and broadcasters, including event organizer liability, operational liability for entertainment/film/media, film production liability, event accident, technical insurance, electronics for technology rental, content insurance, business interruption, exhibition and short-term special insurance.

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Allianz CommercialcoreOthersAllianz Commercial is part of the Allianz Group and provides commercial insurance capacity. SRC acts as an Assekuradeur with binding authority from Allianz Commercial to underwrite and issue policies for special risk coverage in entertainment, sports, and media sectors.
• Great Lakes Insurance SE (Munich Re)coreOthersGreat Lakes Insurance SE is a subsidiary of Munich Re providing specialty insurance lines. SRC underwrites policies backed by Great Lakes Insurance SE's capacity for complex international special risk coverages.
• Lloyd's of LondoncoreOthersLloyd's is a global insurance market providing specialist insurance capacity. SRC issues policies on Lloyd's paper and refers Lloyd's-specific complaints to Lloyd's Complaints (Fidentia House, Chatham, UK) as per its complaint management process.
• ERGO Group AGcoreOthersERGO Group AG is a major German insurance group providing various insurance products. SRC provides specialized coverage backed by ERGO's underwriting capacity for entertainment and event risks.
• R+V Allgemeine Versicherung AGcoreOthersR+V is a German primary insurance company and part of the DZ Bank group. SRC leverages R+V capacity for special risk insurance placements in the German market.
• Zurich Insurance plc (German Branch)coreOthersZurich Insurance Group is a global insurer providing commercial insurance solutions. SRC provides special risk coverage utilizing Zurich's international capacity and risk expertise.
• Tokio Marine HCCcoreOthersTokio Marine HCC is a specialty insurance group known for contingency and entertainment insurance. SRC underwrites special risk policies backed by Tokio Marine HCC's capacity.
• BeazleycoreOthersBeazley is a specialist insurer focused on specialty lines including contingency, entertainment, and sports insurance. SRC provides coverage backed by Beazley's specialty capacity for entertainment and media risks.
• KRAVAG-LOGISTIC Versicherungs-AGminorOthersKRAVAG-LOGISTIC specializes in insurance for logistics and transport sectors. SRC partners with KRAVAG to provide complementary coverage for event logistics and transportation-related risks.
• Cologne Chamber of Commerce and Industry (IHK Köln)minorOthersSRC is affiliated with IHK Köln (Chamber of Commerce) as required under German trade regulations for licensed insurance intermediaries. The IHK is responsible for supervising SRC's intermediary activities.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Zurich Insurance Group: Global insurer offering commercial and entertainment insurance solutions. Both supplies capacity to SRC and underwrites competing entertainment and event coverage through its own German branch.
• Allianz Commercial (Allianz Group): Global commercial insurer that provides binding authority to SRC and also writes entertainment, film, and event business directly via its own specialty lines. Sets the competitive capacity benchmark in the German market.
• Lloyd's of London: Global specialty insurance market with deep expertise in entertainment, film production, and event cancellation. SRC issues policies on Lloyd's paper, while Lloyd's syndicates and brokers compete directly for the same risk classes.
• Beazley: London-listed specialty insurer with a strong contingency, entertainment, and sports book. Both a capacity provider to SRC and a competitor placing similar business directly through its own underwriting teams.
• Tokio Marine HCC: Global specialty insurance group with a market-leading Contingency and Entertainment practice. Functions as both a capacity partner for SRC and a direct competitor in event cancellation and prize indemnity underwriting.
• ERGO Group AG (Munich Re): Major German primary insurance group providing both capacity to SRC and direct competition in event, film, and travel insurance lines within the German market.
• Munich Re / Great Lakes Insurance SE: World's largest reinsurer with a specialty primary arm (Great Lakes) underwriting entertainment, film, and contingency risks. Provides capacity to SRC while also competing for the same risk profiles.
• Arthur J. Gallagher & Co. Global insurance brokerage with a dedicated Entertainment & Sports practice placing film production, event cancellation, and sports insurance. Represents a scaled-up version of SRC's intermediary business model with broader geographic reach.

Direct peers

• Howden Group: Global specialty insurance group with a dedicated Entertainment & Sport practice placing event cancellation, non-appearance, film production, and contingency coverages. Closest direct competitor to SRC's model in the German and European entertainment/sports insurance market, although at significantly larger scale.
• Hiscox: Specialty insurer with a strong entertainment, film, and media liability practice. Comparable in scale and specialist focus to SRC, with overlapping target customers in the European production and event ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/src-special-risk-consortium-gmbh

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 SRC Special Risk Consortium GmbH