Envision a handshake. Now, imagine that handshake lasting for over 150 years. That’s Concordia Versicherung.
Hello everyone. Today, we are standing in front of Concordia Versicherung in Hannover. It is more than just an insurance company. It is a symbol of unity and security. Concordia has been around since 1864.
Heinrich Adolf Mohrhoff founded Concordia. It started as a fire insurer for agriculture. Concordia’s original name was Hoyaische Provinzial-Mobiliar-Feuerversicherungs-Gesellschaft Concordia. That is quite a mouthful.
The company’s motto reflects its values. “Through unity, even small things grow. Through discord, the greatest are destroyed.” This guides Concordia’s approach to business and community.
Let’s talk about Concordia’s growth. In 1975, Concordia started offering life insurance. This was through the founding of Concordia Lebensversicherungs-AG. More subsidiaries followed. These included Concordia Holding AG and Concordia Krankenversicherungs-AG.
Concordia even ventured into Poland in 2000. They established Concordia Wielkopolska TUW. Also, they founded Concordia Capital S.A. However, Concordia ended its engagement in Poland in 2018.
Over the years, Concordia has seen mergers and acquisitions. In 2014, Oeco Capital Leben merged into Concordia Leben. In 2016, Concordia Rechtsschutz-Versicherungs-AG transferred its assets. This was to Concordia Versicherungs-Gesellschaft auf Gegenseitigkeit.
Concordia is structured as a Versicherungsverein auf Gegenseitigkeit. This means it is a mutual insurance association. The Concordia Holding AG holds shares in several subsidiaries. These include Concordia Lebensversicherungs-AG and Concordia Krankenversicherungs-AG.
Financially, Concordia is strong. In 2021, the insurance group’s premium income reached 878 million euros. The parent company’s premium income was 662 million euros.
Today, Concordia employs 1,265 people. These employees work in Hannover and regional locations. Together, they serve around 1.3 million customers.
Concordia offers a range of insurance solutions. These cater to private clients, businesses, and agriculture. Their products focus on safety and security. This is for all aspects of life.
Concordia also emphasizes sustainability. Concordia oeco Lebensversicherungs-AG focuses on ecological life insurance. An external advisory board oversees its sustainable investment policy.
Concordia’s Krankenversicherungs-AG provides health insurance. It offers supplementary and private health insurance options. The company prioritizes contribution stability.
Walking around Concordia, you might notice the modern architecture. Yet, the spirit of its founding remains. It is a mutual community. This includes employees, customers, and business partners.
Concordia stands as a testament to enduring values. It embodies trust and reliability. It provides a secure foundation for its customers. Concordia is a good reason to feel secure.
As we conclude our visit, consider Concordia’s legacy. It is a story of growth, adaptation, and commitment. Concordia has remained true to its roots. It is a community built on mutual support. This has been the key to Concordia’s success for over 150 years.