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

FY2016Insurance companies rankings (MABISZ)xlsx
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


FY2016 Insurance companies rankings (MABISZ)

FY2016 Market portfolio (MNB)

HUNGARY: NN opens first innovation lab in the field of insurance

NN Group recently opened its first international innovation lab - Sparklab Hungary. Sparklab welcomes startups and freelancers in Hungary who aim to explore and expand ideas supporting the improvement of quality of life. It follows the example of several successful innovation labs in the Netherlands and will be NN's first international initiative. It is the first innovation lab in  Hungary in the field of insurance. Sparklab will use lean start-up techniques and support selected ideas with coaching, mentoring, location and other resources.

HUNGARY: Extraordinary announcement on the agreement between the subsidiary of CIG Pannonia Life Insurance and Aegon Hungary

CIG Pannonia Life Insurance notifies its Esteemed Shareholders and other capital market participants that the general meeting of Pannonia General Insurance decided to transfer the home insurance, condominium insurance and compulsory vehicle liability insurance portfolio to Aegon Hungary General Insurance with the effect from the date of the supervisory authorization.

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.

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.