The ARAG Group is an insurance group. ARAG stands for “Allgemeine Rechtsschutz-Versicherungs-AG.” The headquarters of the ARAG Group are located in the ARAG-Tower in Düsseldorf-Mörsenbroich. The ARAG Group employs nearly 3500 people worldwide. The Group reported premium income and revenues of over 1.4 billion Euro in 2009. ARAG is the largest family-owned German insurance group, with a portfolio of 5.8 million policies in business year 2009. The Group’s international legal insurance business accounts for 2.3 million policies alone. Thus the ARAG Group is the second-largest legal insurer in the world.

Type of enterprise: Joint stock corporation

Year founded: 1935

Corporate headquarters: Düsseldorf

Düsseldorf

Düsseldorf is the capital city of the German state of North Rhine-Westphalia and centre of the Rhine-Ruhr metropolitan region.Düsseldorf is an important international business and financial centre and renowned for its fashion and trade fairs. Located centrally within the European Megalopolis, the...

, Germany

Management Board:

• Paul-Otto Faßbender
• Johannes Kathan
• Werner Nicoll
• Hanno Petersen
• Joerg Schwarze

Employees: 3484 (2009)

Revenue: 1.413 bn € (2009)

Business sector: Insurance

Website: www.arag.com

History

The ARAG Group was founded in 1935 as legal insurance company under the name of Deutsche Auto-Rechtsschutz-AG (DARAG) by the Düsseldorf entrepreneur and attorney Heinrich Faßbender. With that venture, Faßbender opened the door to a lucrative field of business. His founding principle: “All citizens should be able to assert their rights, not only those who can afford to do so.” Following the expansion of legal insurance beyond the boundaries of straight automotive legal insurance (1949), the company branched out into other segments of the insurance industry in 1962 and began marketing the business concept of legal insurance. The ARAG Group entered the life assurance business in 1965 and issued its first health insurance policies in 1985, having acquired other insurance companies in that segment. These firms are based in Munich, the second German location of the ARAG Group. Other international legal insurance companies have been acquired over the years. The ARAG Group now has subsidiaries in 14 countries. In 2001, the Group occupied new corporate headquarters in the ARAG Tower in Düsseldorf-Mörsenbroich, a building designed by Lord Norman Foster and the Düsseldorf firm of RKW Rhode Kellermann Wawrowsky Architektur + Städtebau. The Group has been an active sponsor

Sponsor

To sponsor something is to support an event, activity, person, or organization financially or through the provision of products or services. A sponsor is the individual or group that provides the support, similar to a benefactor.-Definition:...

 of numerous clubs and associations, primarily in Düsseldorf, for many years.

Structure of the ARAG Group

ARAG Allgemeine Rechtsschutz-Versicherungs-AG is the operational holding company for the Group and manages the legal insurance business – in Germany and abroad. The companies specialized in composite and personal insurance as well as the Group’s service companies are grouped under this operational holding company. Paul-Otto Faßbender is the majority shareholder in the ARAG Group and is responsible as Chairman of the Management Board for all central Group functions. He is supported by Group Board members Johannes Kathan, Werner Nicoll, Hanno Petersen and Joerg Schwarze. The operational insurance companies are subordinate to this executive management level.

North American History

In the United States, ARAG North America was originally founded in 1973 as a division of Midwest Mutual Insurance Company and began creating, marketing and administering a new group legal product. In 1989, ARAG purchased the organization and created ARAG Insurance Company. The company began by offering legal insurance as a benefit to employees but expanded over the years to helping other affinity organizations provide legal solutions to their customers and members. ARAG North America has an attorney network of more than 6,400 attorneys at 7,400 locations to serve plan members. In addition to access to attorneys, the organization offers products geared toward specific legal needs such as caregiving, identity theft and immigration. In 2010, ARAG North America launched ARAGLegalCenter.com as a platform for serving a series of four products to help employees solve their legal issues. This includes a free legal education center, do-it-yourself legal documents, an attorney hotline and a comprehensive legal plan that covers the costs of attorney representation.

ARAG Legal Services UK

ARAG UK was founded in 2006 by a team of six market professionals. In five years it has grown to a team of over 40 in the core areas of sales, underwriting, claims, marketing, IT and accounts. On the day of its launch, ARAG announced that it had secured the business portfolio of ULR Knebworth. In early 2009 ARAG acquired the legal expenses portfolio of Capita shortly after acquiring ATE Ltd, a specialist After-the-Event provider. ARAG UK provides a range of Before-the-Event and After-the-Event legal insurance products and services.

Miscellaneous

ARAG North America was named one of the Best Places to Work in Insurance by Business Insurance magazine and Best Companies Group in 2009 and 2010. The selection was based on in-depth assessment of workplace benefits, policies, practices, team member engagement and satisfaction. In addition, ARAG’s Customer Care team earned certification as a Center of Excellence from BenchmarkPortal for 2007, 2008, 2009 and 2010. According to this national benchmarking organization, only 5 to 7 percent of the companies reviewed achieve the performance results required to certify. Even fewer companies receive the award in consecutive years. ARAG North America is based in the Capital Square building at 400 Locust Street in Des Moines, Iowa. ARAG Insurance Company is rated A (Excellent) by A.M. Best Company.

External links

• ARAG Homepage
• ARAG North America Homepage
• ARAG Legal Services UK Homepage