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 FY2017 Insurance Companies Rankings M A B I S Z

Hungary 1H2018 Market Portfolio M N B

See all statistics

STATISTICS: Hungary FY2017 UPDATE: Top 5 insurers accounted for almost 60% of the market GWP

Editor: Daniela GHETU
2018-10-25

Top 5 Hungarian insurers accounted together for 58.6% of the market GWP in 2017, according to the market data published by MABISZ, the local insurers' association. On the non-life side, the Top 5 market weight is even bigger, of 69.7%.

Hungary: extreme weather caused less damage this summer, but new phenomena are gaining ground

Editor: Daniela GHETU
2018-09-27

According to the first estimations of the Hungarian Association of Insurers (MABISZ), local insurers paid HUF 3.17 billion (EUR 9.7 million) between May 1 and August 31 for over 57 thousand claims for damages caused to individual and condominium buildings by storms, rainstorms, lightning, and hail.

STATISTICS: HUNGARY, 1H2018: 25% increase in the market aggregated profitability

Editor: Daniela GHETU
2018-09-13

Hungarian insurers have reported consolidated GWP worth HUF 520.15 billion in 1H2018, by 7.1% up y-o-y. Yet, given the over 6% depreciation of the Forint against the European currency, the market results denominated in Euro show a total GWP volume of EUR 1.58 billion, only 0.6% up y-o-y.

HUNGARY: less than 20% of hungarians have an accident insurance policy

2018-07-29

Hungary: less than 20% of Hungarians have an accident insurance policy

Editor: Daniela GHETU
2018-07-18

Only 10-20% have an accident insurance, while in many countries of the Western Europe accident insurance coverage among their population is of more than 80%, The Budapest Business Journal reports. The low penetration leaves about 8 million Hungarians uninsured for the accident risk.

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

2018-07-15

Read the full story

HUNGARY: June storms cause HUF 1 bln of damage

2018-07-09

Read the full story

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.