Overview

• Element Insurance AG declared insolvency in December 2024, with formal proceedings initiated on March 1, 2025, by the Amtsgericht Charlottenburg.
• All 320,000 Element-underwritten insurance policies automatically ended on April 1, 2025, leaving customers scrambling for alternative coverage.
• Policyholders must file claims through the insolvency portal by the May 31 deadline, with more than 11,000 claims already submitted as of early May.
• Many customers were unaware of their connection to Element, as the company operated through partner brands like BavariaDirekt and HDI.
• The insolvency estate may not fully cover all claims, and litigation continues against a partner company refusing to meet its obligations.