ERGO Insurance Group · Düsseldorf Germany ·(German: EVG2)
Company Description
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This link will open in a new window ERGO Insurance Group thinks logically: people need insurance, ergo they sell it! The company is comprised of a number of firms specializing in life, health, property, casualty, and legal expenses insurance, as well as pensions. Major companies of the group include Victoria , Hamburg-Mannheimer, DKV, and D.A.S. The companies target individuals and small to midsized businesses; all remain autonomous, but cross-sell their products. Munich Re owns nearly 95% of ERGO; the two companies have formed joint venture MEAG MUNICH ERGO AssetManagement , to provide financial services. To read the full description, subscribe now.
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Key ERGO Insurance Group Financials
| Company Type | Public - German: EVG2 Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $28,535.5 |
| 2008 Employees | 31,508 |
ERGO Insurance Group Executives
32 executives listed for ERGO Insurance Group's Düsseldorf, location.
| Title | Name & Bio | Contact |
| Chairman, Supervisory Board | Nikolaus von Bomhard | Network |
| Chairman, Management Board | Torsten Oletzky | Network |
| COO and Managing Director, ITERGO Informations-technologie GmbH | Ina Kirchhof | Network |
Competition
Competitive Landscape for ERGO Insurance Group
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top ERGO Insurance Group Competitors
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