Official announcements from the Spanish government or Muface

DKV Withdraws from Muface, Leaving Asisa as Sole Insurer for 1.5 Million Civil Servants Amid Premium Dispute

Jan 9, 2025, 09:54 AM

DKV, a subsidiary of the German group Munich Re, has announced its withdrawal from Muface, the mutual insurance scheme for Spanish civil servants, following in the footsteps of SegurCaixa Adeslas. The decision leaves Asisa as the sole potential insurer for the 1.5 million civil servants and their families covered by Muface. DKV cited the scheme's underfunding as the reason for its exit, stating that it had incurred pre-tax losses of over 70 million euros in the last contract. The company also noted that the healthcare expenditure per capita in the last decade had increased by 60.6%, while the Muface premium had only grown by 31.6%. Despite the government's offer of a 33.5% increase in premiums over three years, DKV deemed it insufficient, having requested a 40% increase for a one-year contract. Asisa is now in discussions with the government to find a solution, as it considers whether to take on the full responsibility of Muface, which would significantly increase its client base.