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
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

1H2017 Market portfolio (MNB)

1Q2017 Market portfolio (MNB)

HUNGARY: Insurers pay HUF 6 bln compensation for summer storm damage

2017-09-19

Insurance companies have paid out almost HUF 6 billion in compensation for damage caused to residential properties in Hungary by storms this summer, the Association of Hungarian Insurance Companies (Mabisz) told state news wire MTI Monday.

STATISTICS: HUNGARY, 1H2017: Insurers' GWP up by 6.16% while the market technical result decreased by 13.73%

Editor: Vlad BOLDIJAR
2017-09-14

Hungarian insurers first half GWP was up by 6.16% y-o-y to HUF 485.81 billion (EUR 1.57 billion), according to the most recent market figures published by the National Bank of Hungary (MNB).

STATISTICS: HUNGARY, 1Q2017: incurred claims went up by 12.2%, while GWP increased by only 8.5% y-o-y

Editor: Vlad BOLDIJAR
2017-07-06

The Hungarian insurance market totaled HUF 254.7 billion (EUR 825 million) at the end of March 2017, 8.5% more y-o-y, according to the statistics published by the Central Bank.

HUNGARY: Extraordinary announcement on the merger by acquisition of Pannonia Insurance Companies

2017-07-05

CIG Pannonia Life Insurance Plc. hereby notifies its shareholders and other capital market participants that the Company Registry Court of Budapest - Capital Regional Court registered the merger by acquisition of Pannonia Life Insurance cPlc. into the Company and the merger by acquisition of Pannonia General Insurance cPlc. into CIG Pannonia First Hungarian General Insurance Company Ltd.

HUNGARY: CIG Pannonia parts with general insurance businesses

2017-06-27

CIG Pannonia Life Insurance said Friday the National Bank of Hungary (MNB) has approved the transfer of its home and mandatory vehicle insurance policies to Aegon Magyarorszag, Hungarian news agency MTI reported.

HUNGARY: VIG to merge ERSTE, UNION and VIENNA Life into one company

Editor: Vlad BOLDIJAR
2017-04-27

Austrian insurer VIENNA Insurance Group (VIG) announced it will merge its three Hungarian subsidiaries - ERSTE Biztosito, UNION Biztosito and VIENNA Life Biztosito - into one company.

HUNGARY: CIG Pannonia to merge MKB insurers into its units

Editor: Vlad BOLDIJAR
2017-04-20

Hungarian insurer CIG Pannonia announced it will merge into its units (CIG Pannonia Life Insurance and CIG Pannonia First Hungarian General Insurance) the two MKB insurers recently acquired: MKB Life Insurance and MKB General Insurance.

HUNGARY: MKB General Insurance receives HUF 3 mln fine

2017-04-19

MKB General Insurance has been fined HUF 3 million by the National Bank of Hungary (MNB) on charges of engaging in "misleading advertising practices," according to a report by state wire service MTI.

STATISTICS: Hungarian market leaders in 2016

Editor: Vlad BOLDIJAR
2017-04-13

The thirty active members of MABISZ (the Hungarian insurance association) posted aggregate FY2016 GWP of HUF 920.6 billion (~ EUR 2.9 billion), up by 5.1% y-o-y, according to the association's website.

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

2017-04-10

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.