insurance company
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insurance company
A company that offers insurance coverage for certain risks such as illness, accidents, or property damage in exchange for the payment of contributions, or premiums.
Nach dem Autounfall hat er den Schaden sofort seiner Versicherungsgesellschaft gemeldet.
After the car accident, he immediately reported the damage to his insurance company.
This long word is made up of three parts: 'die Versicherung' (insurance), the linking -s, and 'die Gesellschaft' (company). So it is literally a company that offers insurance.
Die Allianz ist eine große deutsche Versicherungsgesellschaft.
Allianz is a large German insurance company.
In everyday life, especially in spoken language, people often say just 'die Versicherung' (the insurance/insurance company) instead of the long word 'Versicherungsgesellschaft' (insurance company). The context makes it clear that the company is meant.
Ich muss morgen bei meiner Versicherung anrufen, um den Schaden zu melden.
I have to call my insurance company tomorrow to report the damage.
Common verbs used in connection with an insurance company are: 'einen Schaden melden' (to report damage/a claim), 'einen Vertrag abschließen' (to conclude/sign a contract), or 'Beiträge zahlen' (to pay contributions/premiums).
Wir haben bei dieser Versicherungsgesellschaft eine neue Hausratversicherung abgeschlossen.
We took out a new household insurance policy with this insurance company.
insurance / assurance
'die Versicherung' and 'die Versicherungsgesellschaft' can both mean the company you are insured with. 'die Versicherung' is shorter and very common in everyday language. 'die Versicherungsgesellschaft' is more precise and emphasizes that you mean the company, not the contract. So the difference is mainly one of precision. If it is clear that the company is meant, 'Versicherung' is usually enough. In official texts, or when misunderstandings are possible, 'Versicherungsgesellschaft' fits better.
Die Versicherungsgesellschaft prüft den Antrag und meldet sich nächste Woche.
The insurance company reviews the application and will get in touch next week.
Samir schreibt seiner Versicherung eine E-Mail wegen des Schadens.
Samir writes an email to his insurance company about the damage.