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
Versicherung and Versicherungsgesellschaft can both refer to the company that offers insurance coverage. Versicherung is the usual shorter term and, depending on the context, can also mean the contract. Versicherungsgesellschaft explicitly refers to the company and avoids ambiguity on this point.
Im Bericht nennt Lena den vollständigen Namen der zuständigen Versicherungsgesellschaft.
In the report, Lena gives the full name of the responsible insurance company.
Nach dem Unfall rief Lena sofort ihre Versicherung an.
After the accident, Lena immediately called her insurer.
