Every fifth German car is insured with HUK. HUK-COBURG owes its above-average growth rates to its favorable premiums. And its early digital orientation: The online-only insurer HUK24, founded in 2000, has made a particular contribution to growth. With over two million vehicles insured today, HUK24 has long been Germany's largest direct auto insurer.
Innovation is the hallmark of HUK-COBURG, which quickly and efficiently embraces new developments in the insurance market, from claims management and car service to the telematics product Telematik Plus: In claims management, it has been offering both comprehensive insurance customers and claimants in liability claims free additional services since 2002 with 1,500 partner workshops, if the car is repaired at a partner workshop. Auto Service is a low-cost offer covering all aspects of inspections at a fixed price. And with Telematik Plus, customers can not only gain more safety but also save money by driving with foresight. The Eco Drive feature also gives them feedback on how environmentally friendly their driving is. The latest innovation is the offer to customers to buy young used cars at a reasonable price.
Motor insurance is the traditional focus of the HUK-COBURG Insurance Group's business. It accounts for more than half of premium income. However, the HUK-COBURG Insurance Group also plays an important role in other lines of business: in household and personal liability insurance, it is one of the largest providers on the market. Overall, the HUK-COBURG insurance group sees itself as the major German insurer for private households, with 12 million customers and a recent premium volume of over 8 billion euros.