Hungary

Location:
Central Europe, northwest of Romania

Climate:
temperate; cold, cloudy, humid winters; warm summers

Natural hazards:
-

Currency: Forint (HUF)
1 EUR = 311.02 Forints - HUF (December 31st, 2016)
1 EUR = 313.12 Forints - HUF (December 31st, 2015)
1 EUR = 314.89 Forints - HUF (December 31st, 2014)
1 EUR = 296.91 Forints - HUF (December 31st, 2013)
1 EUR = 291.29 Forints - HUF (December 31st, 2012)
1 EUR = 311.13 Forints - HUF (December 31st, 2011)
1 EUR = 278.75 Forints - HUF (December 31st, 2010)

Sources:

Starting October 1, 2013, the National Bank of Hungary took over all activities of financial market regulator PSzAF

Association of Hungarian Insurance Companies (MABISZ)
National Bank of Hungary
Hungarian Financial Supervision Authority (PSZAF)

Insurance statistics
1H2017	Market portfolio (MNB)	xlsx
1Q2017	Market portfolio (MNB)	xlsx
FY2016	Insurance companies rankings (MABISZ)	xlsx
FY2016	Market portfolio (MNB)	xlsx
3Q2016	Market Portfolio (MNB)	xlsx
1H2016	Market portfolio (MNB)	xlsx
1Q2016	Market Portfolio (MNB)	xlsx
FY2015	Market portfolio (MNB)	xlsx
FY2015	Insurance Companies Rankings	xlsx
3Q2015	Market portfolio (NBH)	xlsx
3Q2015	Insurance companies rankings	xlsx
1H2015	Market portfolio (MNB)	xlsx
1H2015	Insurance companies rankings	xlsx
1Q2015	Market Portfolio (PSZAF)	xlsx
1Q2015	Insurance Companies Rankings	xlsx
FY2014	Market portfolio (PSZAF)	xlsx
FY2014	Insurance Companies Rankings	xlsx
3Q2014	Market portfolio (NBH)	xlsx
3Q2014	Insurance companies rankings	xlsx
1H2014	Insurance market overview	pdf
1H2014	Market portfolio (NBH)	xlsx
1H2014	Insurance companies rankings	xlsx
1Q2014	Market portfolio (NBH)	xlsx
1Q2014	Insurance companies rankings	xlsx
FY2013	Insurance market overview	pdf
FY2013	Market Portfolio (NBH)	xlsx
FY2013	Insurance Companies Rankings	xlsx
3Q2013	Market Portfolio (PSZAF)	xlsx
3Q2013	Insurance Companies Rankings	xlsx
1H2013	Insurance market overview	pdf
1H2013	Insurance Companies Rankings	xlsx
1H2013	Market Portfolio	xlsx
1Q2013	Insurance companies rankings	xlsx
1Q2013	Market portfolio (PSZAF)	xlsx
FY2012	Insurance market overview	pdf
FY2012	Market portfolio (PSZAF)	xlsx
FY2012	Insurance companies rankings (MABISZ)	xlsx
3Q2012	Insurance Companies Rankings	xlsx
3Q2012	Market Portfolio (PSZAF)	xlsx
1H2012	Insurance market overview	pdf
1H2012	Market portfolio (PSZAF)	xlsx
1H2012	Market portfolio (MABISZ)	xlsx
1H2012	Insurance companies rankings	xlsx
1Q2012	Insurance companies rankings	xlsx
1Q2012	Market portfolio (PSZAF)	xlsx
1Q2012	Market portfolio (MABISZ)	xlsx
FY2011	Insurance market overview	pdf
FY2011	Market portfolio (PSZAF)	xlsx
FY2011	Market portfolio (MABISZ)	xlsx
FY2011	Insurance companies rankings	xlsx
3Q2011	Market portfolio (PSZAF)	xlsx
3Q2011	Market portfolio (MABISZ)	xlsx
3Q2011	Insurance companies rankings	xlsx
1H2011	Insurance market overview	pdf
1H2011	Market portfolio and rankings	xlsx
2010	Insurance market overview	pdf
2010	Market portfolio and rankings	xlsx
1H2009	Hungarian insurance market overview	pdf
1H2009	Market portfolio	xls
1H2009	Life insurance rankings	xls
1H2009	Non-Life insurance rankings	xls
2009	Hungarian insurance market overview	pdf
2009	Market portfolio	xls
2009	Life insurance rankings	xls
2009	Non-Life insurance rankings	xls
1H2010	Hungarian insurance market overview	pdf
1H2010	Market portfolio	xls
1H2010	Life insurance rankings	xls
1H2010	Non-Life insurance rankings (total & main lines)	xls

Hungary 1Q18 Market Portfolio M N B

Hungary FY2017 Market Portfolio M N B

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NN HUNGARY: One of our objectives is to renew all processes by the end of 2019

2018-07-15

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HUNGARY: June storms cause HUF 1 bln of damage

2018-07-09

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Hungary: extreme weather during the first half of June resulted in insured losses of over EUR 6 million

Editor: Daniela GHETU
2018-06-28

Extreme weather conditions have significantly affected Hungary during the first half of June, resulting in about 18,500 claims files worth a combined HUF 2 billion (~EUR 6.1 million) in losses, the local association of insurers said.

STATISTICS: HUNGARY, 1Q 2018: The insurers' quarterly net profit climbed by 41% y-o-y

Editor: Vlad BOLDIJAR
2018-06-14

Hungarian 25 insurers reported 1Q 2018 aggregate GWP up by 8.2% y-o-y to HUF 275.6 billion (EUR 881.9 million), according to the market data published by the National Bank of Hungary (MNB).

Young Hungarians expect sunny years after retirement

2018-06-04

STATISTICS: Hungary FY2017: Of 25 active insurers, only one reported losses, Central Bank said

Editor: Vlad BOLDIJAR
2018-04-26

Hungarian 25 insurers reported FY2017 aggregate GWP up by 7% y-o-y to HUF 948.1 billion (EUR 3 billion), according to the market data published by the National Bank of Hungary (MNB).

VIENNA Insurance Group completes mergers in Hungary and Slovakia

Editor: Vlad BOLDIJAR
2018-04-04

VIENNA Insurance Group announced Hungary's central bank approved the merger of the three VIG Group companies. Thus, starting 1 April 2018, VIG will be represented in Hungary solely by the insurance company UNION Biztosito, while in Slovakia, bancassurer Poistovna Slovenskej sporitelne (PSLSP) will merge with Kooperativa Poistovna.

HUNGARIAN Post Life Insurance Company constantly adapts to ensure success

2018-03-28

While the Hungarian financial services market is forced to navigate new legislation, the insurance sector continues to thrive by using digitalisation to meet clients' demands.

HUNGARY: CIG Pannonia expands to Baltic states

2018-03-20

Hungarian insurer CIG Pannonia is making inroads into markets in two of the Baltic states through its general insurance unit Elso Magyar Altalanos Biztosito (EMABIT), the company told national news agency MTI.

Sparklab Hungary turns one

2018-03-08

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HUNGARY: Green light from the Central Bank for the three VIG units' merger

Editor: Vlad BOLDIJAR
2018-01-25

The National Bank of Hungary (MNB) announced on its website it approved the merger of the three local subsidiaries of the Austrian VIENNA Insurance Group into one company. Gabor LEHEL, CEO of UNION Biztosito, will be Chairman of the Board of the resulted entity after the merger.

HUNGARY: MCI Group buys Hungarian online insurance broker Netrisk

2018-01-08

MCI Group has acquired Netrisk, a Hungarian online insurance broker. The value of the deal is 56.6 million euros (about USD 67.8 million). Mezzanine Management and Bank Gospodarstwa Krajowego are co-investors in the transaction.

STATISTICS: HUNGARIAN insurers reported EUR 2.3 billion in GWP in the first nine months

Editor: Vlad BOLDIJAR
2017-12-14

Hungarian insurers nine-months GWP was up by 6.6% y-o-y to HUF 711.2 billion (EUR 2.3 billion), according to the most recent market figures published by the National Bank of Hungary (MNB).