Germany as the Center for European
Activity of Israeli Companies
The Advantages of a Global Insurance Broker
About MARSH
• MARSH has approximately 26,000 employees in over 100
countries.
• MARSH was primarily formed to serve clients with global
interests. We operate with clients which vary by size, industry,
geography and risk exposures.
• Marsh is organized to serve clients, effectively, delivering
tailored solutions based on complexity of the risk and local
legal requirements.
• Marsh takes into account the global footprint, clients risk
policy and purchasing styles.
• MARSH is a world leader in delivering risk and insurance
services and solutions to its clients.
MARSH
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MARSH ISRAEL
• MARSH ISRAEL is a wholly owned subsidiary of MARSH Inc., since
1999, with local routes and professional experience.
• MARSH ISRAEL offers insurance solutions & risk management consultancy
to over 400 commercial & industrial companies including global enterprises
(both incoming and outgoing)
• MARSH ISRAEL Specializes in risk management of business clients only
by using vast professional knowledge and skills as well as its global capabilities
• MARSH ISRAEL has currently 35 employees, fully experienced and
reputable in the insurance industry. Most of them are lawyers, economics or
other relevant education.
MARSH
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Compulsory, Admitted & Not-Admitted Insurances
• Compulsory Insurance: Coverage which must be purchased by Law.
• Admitted Insurance: Coverage provided by an insurance company
which is authorized and licensed to do business in the jurisdiction where
the exposure is located.
• Non-Admitted Insurance: Coverage provided through an insurance
company not authorized and not licensed to do business in a given
jurisdiction where the exposure is located.
MARSH
13 April 2015
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Germany :Compulsory Insurances
• Motor third party bodily injury & property damage.
• Worker’s compensation (state scheme).
• Aviation liability.
• Third party liability for manufactures of pharmaceutical products.
• Third party liability for clinical testing, genetic engineering operations, nuclear
operators and users and ship owners in respect of oil pollution.
• Third party liability for security firms, haulers and removers & chimney sweeps.
• Professional indemnity for accountants, lawyers, auditors, tax advisors and insurance
brokers.
• Common carriers’ property damage liability.
• Hunters’ liability.
• Railway operators’ liability (a financial guarantee or insurance).
• Shipments of waste (a financial guarantee or insurance).
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13 April 2015
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Non-Admitted Insurance Regulatory Position
• Unauthorized insurers cannot carry on insurance activity in Germany. At
the same time, there is nothing in the Law which indicates that insurance
must be purchased from locally authorized insurers (with some exceptions).
This is generally interpreted to mean that insurers can issue policies from
abroad (with exceptions) if approached by a buyer &/or an intermediary.
• Insurers from European Economic Area member states may provide
insurance in Germany.
• Compulsory liability insurances may not be placed on a non-admitted basis.
• There does not appear to be any legislation relating specifically to
multinational insurance programs or multinational insurers and such
insurances and insurers are subject to the same rules all other insurances
and insurers.
• The legislation does not address the use of global DIC/DIL cover or excess
layers above a primary local policy.
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13 April 2015
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Marsh Germany and Austria
9 Locations
Hamburg
Bremen
Berlin
Leipzig
Duesseldorf
Frankfurt
Stuttgart
Munich
MARSH
Vienna
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So – when you start an
operation in Germany or
purchase an existing
business – call us, we will
guide you properly
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