The insurance sector's bird of passage
After completing his doctoral degree in German studies in 1952, Dr. Siegfried Walter started taking care of foreign graduates in Germany on behalf of the German Academic Exchange Service (DAAD). Due to the drawbacks for foreign visitors within the German insurance system, Dr. Walter developed the so-called ‘world policy’ together with Volkswohl Versicherung, which later became Continentale, thereby creating the first insurance coverage for foreign visitors in Germany.
In the late 1950s, Dr. Walter started to work as an independent insurance broker and to attend the area of au pair placement. Together with the Association for International Youth Work (VIJ) he designed the first insurance rate for au pairs in Germany in 1962. Following this, Dr. Walter was one of the key specialists who shaped the market for unconventional travel insurance solutions and became one of the leading suppliers of mobility insurance services.
In 1996, Dr. Walter ushered in a new generation of leadership by appointing Reinhard Bellinghausen as managing director and by having his three daughters participate in the company. He gradually withdrew from day-to-day business and supported Reinhard Bellinghausen with the knowledge gained through his long years of experience. He gave his last speech at the company’s 50th anniversary in June 2009. Dr. Siegfried Walter, founder and eponym of the Dr. Walter GmbH died on 19 December 2009 at the age of 87.
1959 - 2009 - 50 Years of Travel Insurance
50 years ago, on 1 June 1959, Dr. Siegfried Walter registered his business as insurance broker and thereby provided the basis for today’s Dr. Walter GmbH. Since then, a lot has happened on the way from being a specialist for foreign visitors in Germany to becoming the expert in insuring global mobility.
Today, we are an integral part of both the German and the international insurance market.
As an insurance broker, we work together with numerous insurance companies. For us, they are more than mere providers of products – they are our partners with whom we have continuous and in most cases already long-lasting business relationships.