Imagine farmers gathered around a table in 1864. These farmers discussed how to protect themselves from devastating fires. From this simple need, the Concordia Versicherungs-Gesellschaft auf Gegenseitigkeit was born.
The Concordia’s story starts as a fire insurer for agriculture in the Kingdom of Hanover. Heinrich Adolf Mohrhoff founded it. It was first named Hoyaische Provinzial-Mobiliar-Feuerversicherungs-Gesellschaft Concordia.
Today the Concordia is more than just a fire insurer. It offers a wide range of insurance solutions. These solutions are for private clients, businesses and agriculture. The Concordia provides property, casualty and life insurance.
The Concordia group has grown significantly. In 1975, Concordia Lebensversicherungs-AG was founded. This allowed the company to offer life insurance policies. Further subsidiaries were established. These include Concordia Holding AG and others.
The company ventured into the Polish market in 2000. It established Concordia Wielkopolska TUW and Concordia Capital S.A. However, this engagement ended in 2018.
Back here in Germany, the Concordia continued to evolve. In 2014, Oeco Capital Leben merged into Concordia Leben. In 2016, Concordia Rechtsschutz-Versicherungs-AG transferred its assets to Concordia Versicherungs-Gesellschaft auf Gegenseitigkeit.
The Concordia Holding AG holds all shares in several subsidiaries. These subsidiaries include Concordia Lebensversicherungs-AG and Concordia Krankenversicherungs-AG.
In 2021, the insurance group’s premium income amounted to 878 million euros. The parent company generated 662 million euros.
The Concordia headquarters is located here in Hanover. You can find it at Karl-Wiechert-Allee 5. The building reflects the company’s long history. It is a modern office building. It has eight floors. It stands forty meters tall. The architecture demonstrates the Concordia’s blend of tradition and innovation.
The Concordia is a Versicherungsverein auf Gegenseitigkeit. This means it is a mutual insurance association. The company is owned by its policyholders. This structure emphasizes the principle of solidarity and mutual support.
The Concordia operates on the principle of mutuality. This principle fosters trust and reliability. These values have been central to the Concordia since its founding.
As we stand here, think about the Concordia’s journey. It began with farmers seeking protection from fire. It has grown into a comprehensive insurance provider. The Concordia remains committed to its founding values. It focuses on security and customer satisfaction.
The Concordia is deeply rooted in Hanover. It continues to serve its clients with dedication. The Concordia provides a secure foundation for the future. It offers peace of mind to its many customers.