Unity as an Opportunity

With German reunification, the public insurers expanded their activities into the new Eastern German states.

New Federal States – New Areas of Operation

The then Provinzial Kiel expanded its business territory and became active in the new federal state of Mecklenburg-Western Pomerania.

In Berlin, Feuersozietät/Öffentliche Leben revived its pre-war tradition, and – with a second headquarters in Potsdam – once again became active in Brandenburg.

In Thuringia, an insurer from Western Germany entered the market: the then SV SparkassenVersicherung Öffentliche Versicherungsanstalt Hessen-Nassau. Following the creation of the cross-state Savings Banks Association of Hesse-Thuringia, it also expanded its business territory into Thuringia.

Saxony and Saxony-Anhalt, by contrast, took a different path: Here, new insurers emerged from cooperation between the East German savings banks and public insurers from Western Germany. In 1992, the public insurers from Bavaria and Baden-Württemberg, together with the Saxon savings banks, founded “Sparkassen-Versicherung Sachsen Lebensversicherung AG” and “Sparkassen-Versicherung Sachsen Allgemeine Versicherung AG”. In 1991, Saxony-Anhalt also received its own insurer with “ÖSA – Öffentliche Versicherung Sachsen-Anhalt”. Initial support from Western Germany came from the neighbouring Lower Saxony insurers, Landschaftliche Brandkasse Hannover and Öffentliche Sachversicherung Braunschweig.