Despite a turbulent and challenging environment, German ICMIF member R+V Versicherung says the company performed very well in the 2024 financial year. “Despite difficult conditions, we grew in all lines of business and achieved a record consolidated result,” said Norbert Rollinger, Chairman of the Board of Management of the cooperative insurer, at its annual press conference in Wiesbaden on 31 March 2025.
In addition to announcing the financial results for 2024, R+V announced it was starting a new corporate strategy in 2025 that sets the course for the next five years. The goal according to the company is to secure and expand the future and competitiveness of the company in the long term. The name “NextLevel” says it all. The strategy builds on the previous strategies in terms of digitalisation, customer orientation and process optimisation, but R+V says there are a wide range of challenges that require it to change significantly by 2030 – while remaining true to its cooperative roots and values.
“We want to reach a new level in the more than one hundred year success story of R+V,” explained Rollinger. With a new structure, stringent management and consistent customer centricity, R+V intends to return to its profitable growth course in the coming years and regain customers and market share.
In order to comprehensively anchor the strategic goals in the company, two new Executive Board departments will be established. All company-wide operations units and the previous IT department will be combined in the “Operations and IT” department. The goal is to reduce interfaces and design processes end-to-end, thus further accelerating them for customers. Automation and the use of AI also help with this. The new “Finance and Risk Management” department will take over the central company-wide management in the R+V Group. Here, all control and control functions are brought together with the aim of ensuring that capital and resources are used as efficiently as possible throughout the company.
R+V has identified another strategic focus to make even better use of the great business potential in the cooperative banks. “With higher speed and efficiency, we want to inspire our customers, score points in the competition and gain market share,” explained R+V CEO Norbert Rollinger. The R+V Group’s premium volume is expected to increase to more than EUR 25 billion by 2030. In addition, R+V has set itself the goal of generating a consolidated result that is stable above EUR 1.5 billion by then.
R+V also recently announced that Marina Sokolova, who has been with R+V Re for over 21 years, will take over the responsibilities of the Chief Underwriting Officer on 1 July 2025 and will become a member of R+V Re’s executive team. She will succeed Andreas Beckmann, who has been with the company for over 30 years and since 2012 in the position of the Chief Underwriting Officer.
Marina Sokolova has held various management positions within R+V Re since 2014 – most recently as Regional Chief Underwriting Officer for Continental Western Europe, Africa and Latin America. Sokolova holds an MBA in Insurance from the University of Leipzig.
Dr. Christoph Lamby, Member of the Board of Management for R+V Re at R+V Versicherung AG and current Chair of the ICMIF Reinsurance Committee, said: “With her strategic skills and her proven ability to innovate, we see Marina as the perfect candidate to continue the development of R+V Re and enhance our services for our partners worldwide. Her appointment from within our own ranks guarantees stability in the future direction of the company.”
Photo source: R+V Versicherung
