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1 EUR - 7.4198 HRK
1 EUR - 27.021 CZK
1 EUR - 309.81 HUF
1 EUR - 4.2695 PLN
1 EUR - 4.5527 RON
1 EUR - 61.6859 RUB

Hungary

Location:
Central Europe, northwest of Romania

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

Natural hazards:
-



Currency: Forint (HUF)

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

FY2016Market portfolio (MNB)xlsx
3Q2016Market Portfolio (MNB)xlsx
1H2016Market portfolio (MNB)xlsx
1Q2016Market Portfolio (MNB)xlsx
FY2015Market portfolio (MNB)xlsx
FY2015Insurance Companies Rankingsxlsx
3Q2015Market portfolio (NBH)xlsx
3Q2015Insurance companies rankingsxlsx
1H2015Market portfolio (MNB)xlsx
1H2015Insurance companies rankingsxlsx
1Q2015Market Portfolio (PSZAF)xlsx
1Q2015Insurance Companies Rankingsxlsx
FY2014Market portfolio (PSZAF)xlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014Market portfolio (NBH)xlsx
3Q2014Insurance companies rankingsxlsx
1H2014Insurance market overview pdf
1H2014Market portfolio (NBH)xlsx
1H2014Insurance companies rankingsxlsx
1Q2014Market portfolio (NBH)xlsx
1Q2014Insurance companies rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolio (NBH)xlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolio (PSZAF)xlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013
Insurance Companies Rankingsxlsx
1H2013Market Portfolioxlsx
1Q2013Insurance companies rankingsxlsx
1Q2013Market portfolio (PSZAF)xlsx
FY2012Insurance market overview pdf
FY2012Market portfolio (PSZAF)xlsx
FY2012Insurance companies rankings (MABISZ)xlsx
3Q2012Insurance Companies Rankingsxlsx
3Q2012Market Portfolio (PSZAF)xlsx
1H2012Insurance market overview pdf
1H2012Market portfolio (PSZAF)xlsx
1H2012Market portfolio (MABISZ)xlsx
1H2012Insurance companies rankingsxlsx
1Q2012Insurance companies rankingsxlsx
1Q2012Market portfolio (PSZAF)xlsx
1Q2012Market portfolio (MABISZ)xlsx
FY2011Insurance market overview pdf
FY2011Market portfolio (PSZAF)xlsx
FY2011Market portfolio (MABISZ)xlsx
FY2011Insurance companies rankingsxlsx
3Q2011Market portfolio (PSZAF)xlsx
3Q2011Market portfolio (MABISZ)
xlsx
3Q2011Insurance companies rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Hungarian insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Hungarian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Hungarian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls




STATISTICS: HUNGARY, FY2016: the MTPL tariffs increase sustained the market GWP volume evolution

Hungarian insurance market ended 2016 with GWP of HUF 886 billion (EUR 2.85 billion), about 6% up y-o-y, benefitting especially from the positive effect exerted by the MTPL premium increase on the underwriting volume. More
(23.03.2017)

HUNGARY: New Regulation On Unit-Linked Life Insurance

Policyholders of unit-linked life insurance products pay an agreed sum for the unit-linked insurance to the insurance company, as a regular premium, or in one lump sum. These payments cover the life insurance component as well as the investment, administrative costs, contracting fee and the commissions. The "total cost charged" ("TCC") is an indicator - calculated in line with the rules of Hungarian insurance regulations - showing all costs charged on life insurance policies having a savings element, reflected as a percentage value. The regulation of the TCC in Hungary has been amended effective 1 January 2017. More
(09.03.2017)

HUNGARY: KBC books Q4 net income of EUR 23 mln

Belgium's KBC Group booked net income of EUR 23 million at its business in Hungary in the fourth quarter, down from EUR 42 mln in the same period a year earlier as income tax expenses jumped, state news agency MTI has reported, citing an earnings report released today.
More
(13.02.2017)

STATISTICS: Hungary, 3Q2016: MTPL insurance was the main driver both for the premium and paid claims increase

Hungarian insurers' GWP for 3Q2016 amounted to EUR 2.16 billion, 4.6% up y-o-y, the non-life segment being the growth driver, especially due to the double digit increase witnessed on the MTPL insurance line. In fact, the market evolution in 3Q maintained the same trend as in the previous quarters. More
(22.12.2016)

HUNGARY's OTP BANK Opens Regional Headquarters In South Serbia

Hungary's biggest lender OTP Bank has opened a new regional headquarters in the city of Ni More
(23.11.2016)

Hungary: Proposed improvement of the fiscal regime for life insurance products with investment component

Hungary's National Economy Ministry has submitted a new tax package to Parliament on October 28, providing for the 6% healthcare contribution on interest income removal for different financial product, including life insurance policies that held at least 80% of their assets in forint-denominated government securities, reports Portfolio.hu. More
(17.11.2016)

HUNGARY: CIG Pannoniaʼs acquisition of MKB units cleared

The acquisition of sole direct control over MKB Life Insurance by CIG Pannonia Life Insurance, and over MKB General Insurance by CIG Pann More
(14.11.2016)

HUNGARY: AXA has completed the sale of its banking operations to OTP Bank plc

AXA announced today that it had completed the sale of its Hungarian banking operations to OTP bank plc. This transaction is the final step in the repositioning of AXA Bank Europe as a fully focused Belgian retail bank, serving almost one million clients and operating jointly with AXA Insurance in Belgium.
More
(03.11.2016)

STATISTICS: HUNGARY, 1H2016: modest market GWP growth supported by the main non-life insurance lines

Hungarian insurers' GWP for 1H2016 amounted to EUR 1.45 billion, 2.8% up y-o-y, the non-life segment being the growth driver, especially due to the double digit increase witnessed on the MTPL insurance line. More
(20.10.2016)

HUNGARY: MKB to sell its operations to CIG Pannonia

Hungarian insurer CIG Pannoinia announced that signed an agreement with Versicherungskammer Bayern, through which CIG Pannoinia Life Insurance and CIG Pannonia First Hungarian General Insurance would acquire majority stakes MKB Life Insurance and MKB General Insurance. More
(13.10.2016)

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