The biggest portfolio losses among motor insurers in 2024
In the motor insurance market, rising prices and costs in 2024 made drivers more willing to switch, which hit several large providers hard. The biggest losses were suffered by HDI Versicherung AG, whose number of contracts fell by 150 973 policies, losing 12,3 % of its portfolio. Several other companies, including DA Deutsche Allgemeine and VHV Allgemeine Versicherung AG, also lost significant market share. In total, seven large insurers each lost more than 30 000 contracts, while market leaders, through price and contract adjustments, once again felt strong competition from the online segment. Price pressure is unlikely to ease in 2025, with further regular cancellations and premium increases.
| Rank | Insurer | Loss 2024 | Portfolio size end of 2024 |
|---|---|---|---|
| 1 | HDI Versicherung AG | −150.973 policies | 1.072.894 policies (rank 19) |
| 2 | Huk-Coburg Allgemeine | -125.638 policies | 6.437.674 policies (rank 2) |
| 3 | Württembergische | −71.924 policies | 1.979.689 policies (rank 11) |
| 4 | Huk-Coburg VVaG | -61.561 policies | 3.888.183 policies (rank 4) |
| 5 | VHV | -55.630 policies | 3.374.648 policies (rank 5) |
| 6 | Dialog | -41.118 policies | 171.548 policies (rank 46) |
| 7 | R+V | -37.346 policies | 2.619.069 policies (rank 8) |
| 8 | DA Direkt | −30.683 policies | 485.612 policies (rank 32) |
Note: this article is for information purposes. For individual advice, feel free to contact us – we will check your existing contracts and find suitable solutions.
see also procontra-online.de
Source: Procontra (analysis based on V.E.R.S. Leipzig / Branchenmonitor Kfz-Versicherung 2023–2024). Original article:
procontra-online.de — Diese Kfz-Versicherer fuhren 2024 die meisten Kunden davon (These motor insurers lost the most customers in 2024)
see also procontra-online.de
this text was read on online pages and summarised with AI (Copilot/ChatGPT)