Insights into 140 years of Funk

Funk has been helping companies prepare for a secure future since 1879. But 140 years means so much more than just the time passing by. It is all about the countless experiences, projects, events and, above all, people that have helped shape our company to make it what it is today. Keep reading this page for some examples.

One insurance line that started it all

When Theodor Funk founded his general agency, the transportation sector was experiencing an economic boom. Railways and shipping were driving the economy, with goods being moved all around the world and regional markets being opened up. With that in mind, it’s no surprise that our founder decided to focus on transport insurance. Not to mention that the historical evidence in favour of this line was more than convincing.

Insurance is by no means a modern invention. It is believed that liability insurance would have even been in place in Babylonia – as far back as 1800 BC. But maritime insurance in Italy during the 14th century is the first example of commercial insurance sold specifically with the aim of making money. This would have covered damage caused by the loss of goods being transported via waterways, predominantly as the result of pirate attacks. Italian salesmen calculated the likelihood of an attack and worked out the cost of premiums on that basis. We saw the first variant of these maritime contracts in Germany at the end of the 16th century in Hamburg. So, as you can see, the transport line is one of the roots of the insurance sector.

The origins of the insurance broker can be traced back to seafaring in Italy, too. Even back then, brokers were involved in the creation of insurance contracts that covered the risks surrounding ships and goods. And brokers played their part in setting up related transport insurance policies in Germany right from the beginning as well. As the first record of the rights and obligations of an insurance broker, the Hamburg Broker Regulations of 1642 stipulated that only certified individuals could take up the profession. After several years without any proper regulation, the work of an insurance broker is once again only possible following a certification and registration process.

According to the original Broker Regulations, only ‘upstanding and diligent people’ would have been ‘accepted as sworn brokers’. As far as Theodor Funk was concerned, being honest with his clients and acting with their best interests at heart at all times was second nature. Since the best way of achieving this was from a position of independence, his son Leberecht made sure that the general agency evolved into the Funk insurance broker that clients go to for expert advice to this day.

Read about Funk's history

1,560 employees sharing the Funk vision  

With insurance and finance salesmen, lawyers, engineers and IT developers on our books, a glance at our available jobs reveals that the experts here at Funk boast a wide range of skills. After all, it is only by working together across departments that we can develop the exact tailored solutions that our clients really need. At the heart of this team spirit are the company values that have shaped Funk for five generations. As a medium-sized family-run company, it is important to us that we build close, personal relationships with clients, partners and employees so that we are all on an equal footing. This is part of who we are as a company. We Funkianians have been pulling together for 140 years, overcoming every challenge that we have faced and growing along the way. And we mean this quite literally, as the number of employees is steadily on the rise.

Read more about Funk as a family-run company


Three inventions sharing Funk’s anniversary  

What was the world like 140 years ago? To help you put this number into perspective, we thought we would look at a few things that share their birthday with Funk. After all, 1879 was an important year for ground-breaking inventions. By the way, Funk also often puts its ingenuity into practice by working on innovative new solutions for its clients.   

Even though we now agree that American Thomas Alva Edison didn’t invent the light bulb as such, he is credited as being responsible for the creation of lamps using glowing carbon filaments, which are still sold to this day. In 1879, he wowed the public with his initial demonstrations and he had applied for his patent by the end of the year. It was filed at the start of 1880.

The steam locomotive was another important invention as far as Theodor Funk was concerned, given his focus on transport insurance. But a new form of mobility was invented in 1879, when German engineer Werner von Siemens created a two-axle electric locomotive – the first workable model of its kind – for a trade exhibition in Berlin.

 In 1879, American James Ritty from Ohio was working on the principle of ‘trust, but verify’. He invented the cash register with a cash compartment that only opens at specific times in an attempt to stop his staff pilfering his profits. Modern tills still work on this basic principle despite obviously having developed significantly as a result of digital advancements.

36 doors that are open to you around the world

There is no doubt that globalisation is opening up new business opportunities. And yet most people don’t want to speak to someone on the other side of the world about their finances or insurance policies. This is why Funk is an international insurance broker and risk consultant that has homes all around the world whilst maintaining its reputation of being ‘made in Germany’. Alongside our 15 offices in Germany, we have a presence at 20 other locations to ensure that we are local to you. We started on the path towards internationalisation back in 1973 in London. The Funk Alliance then began to evolve up to its official launch in the year 2000 as the only network of brokers that is managed from the German-speaking world and has partners worldwide. Next came Italy, Poland, Austria, Hungary, Romania and Switzerland. The most recent members of the Funk family are Liechtenstein and our representative office in Shanghai. 

Take a look at an overview of all our offices

One system house keeping an eye on the bigger picture

With insurance management, risk management and employee benefits in our portfolio, Funk is so much more than just an insurance specialist. We boast extensive expertise in services in all three of these areas. Since the year 2000, our pioneering work in business risk management and ongoing development of our specialisation in employee benefits have carved out our position as a system house of risk solutions that supports its clients with a holistic approach. With digital solutions becoming an increasingly important aspect of our portfolio, our strategy is giving them the attention they require. This includes the MyFunk client portal, which companies can access at any time to check their policies, and a range of tried-and-tested software tools relating to all three of the areas in which we provide services.

Take a look at an overview of our services

Three Berlin-based projects with clients relying on Funk

The German capital of Berlin is a special place in the history of our company, as this is where Funk was first established 140 years ago. From there, our employees have worked on many large projects, providing insurance cover since 1879. The chances are that you will have actually heard about some of them before. You can read more about three well-known examples (and claims) relating to construction in Berlin in our gallery. But, as you know, Funk doesn’t work solely in the world of real estate. We share our expertise with partners from virtually every other sector, with a particular focus on industry. Our experts work with freelancers, small and medium-sized companies and key accounts. And they find the perfect solution every single time.

Read testimonials from some of Funk's clients


The Friedrichsstadt-Passagen shopping centre was the first of many new-build projects in Berlin in the 1990s. Considering all the potential risks linked to this major building project, Funk sorted out combined contractors all risk insurance and liability insurance for all investors and trades working on the construction for the first time. Like this, the Funk BauRisk was born. This came into play following all kinds of damages, such as when the huge marble mosaic in Quartier 206 was deliberately flooded.


The glass pavilion roof of the Sony Center, which was officially opened at Potsdamer Platz in the year 2000, is a unique and stunning feature. The experts at Funk, however, will always associate this roof with damage running into the millions when a pipe burst and sprayed hydraulic oil over the roof material. Another fun fact relating to this building project is that a special kind of extra ‘transport insurance’ was taken out for the incredible feat of moving the historical ‘Kaisersaal’ out of the old deluxe ‘Esplanade’ hotel.


Building work on the parliament and government buildings is a major project that Funk is still working on. The construction covered a total volume of 2.1 million m³, with 630,000 m³ of earth being dug up and 412,000 m³ of concrete being installed. Owing to the masses of individual assignments, it was crucial that standardised insurance cover was provided by Funk BauRisk across the board, with more than 1,300 planning contracts, 2,200 construction contracts, 400 contracts for equipment and 360 artistry contracts being entered into.

140,000 trees helping to make the planet a greener place

Traditionally, you can expect to receive gifts on your birthday. But Funk has decided to mix things up a little with a view to protecting companies’ values for the future along with one value of shared importance among all of us: nature conservation. And so we decided to plant 1,000 trees for every year our company has been in business. The Funk forest in Myanmar now has 140,000 new mangroves, which bring double the benefits to the environment, as they both purify the air and filter the ocean. Since we are focusing on figures on this page, here’s another fun fact for you: Funk actually planted 140,001 trees. We added a single pine tree to the rooftop terrace in Hamburg as a symbol of the project. It would have been a bit too cold for a tropical mangrove up in the north of Germany.

Read more about our tree-planting initiative


One innovative force helping Funk break new ground

We want to be able to offer our clients expert advice on any new challenges they may be facing, so we always keep up to date with new risks. All 1,560 employees are involved in the Funk innovation network, which develops scalable, market-oriented innovations with concrete benefits for our clients. Plus, we have been giving start-ups and medium-sized companies the opportunity to discuss potential applications of new technologies through our Funk Innovation Lab series of events since 2018. After all, when it comes to risk prevention in particular, sensors, artificial intelligence and so on give rise to no end of modern applications that can prevent damage from even being caused in the first place. In this vein, we are running pilot projects within our new business field – ‘Beyond Insurance’ – which we are currently expanding. The annual Insurance & Innovation book is further proof of Funk’s proactive approach to innovation. As co-publisher, we are showing our long-term commitment to creating transparency about forward-looking innovative approaches from the entire insurance sector and in turn supporting innovation across the industry. As you can see, Funk never just stands still in its mission to help companies prepare for what the future may hold.

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The best recommendation

It is our vision to provide security for our clients across the world through comprehensive risk consulting and intelligent insurance management. In times of rapid market development and changing risks and opportunities, we will provide you with the best recommendation for your company – today and tomorrow.

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