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

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).

Life insurance GWP increased by 3.8% to HUF 337.9 billion, while non-life GWP increased by 8.3% to HUF 373.3 billion.

In terms of claims, by the end of September, the value of incurred claims amounted to HUF 270.3 billion for life insurance contracts (+4.7% y-o-y) and HUF 166.6 billion for non-life policies (+11.5% y-o-y).

Access www.xprimm.com and download the 3Q2017 Hungarian insurance market statistics.

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