STATISTICS: HUNGARY insurance market grows 2.6% in 3Q
Overall, the value of paid claims totaled HUF 398 billion (EUR 1.3 billion) - up by 5.3% y-o-y, split as follow: HUF 265 billion - life insurance indemnities (up by 5.1% y-o-y), and HUF 132 billion (up by 5.7% y-o-y) - non-life claims.
At the same time, data published by MABISZ (Association of Hungarian Insurance Companies) reveals that the top three companies own 39% of the market. In 3Q2015, the market leader based on the value of GWP was ALLIANZ (14.1% market share), while GENERALI ranked second (13.9%) followed by GROUPAMA (10.8%).
Access www.xprimm.com and download the 3Q2015 Hungarian insurance market statistics.
Market portfolio (in EUR and HUF) according to the National Bank of Hungary (NBH):
- Gross written premiums
- Paid claims
- Growth rates
- Overall market ranking
- Overall life insurance ranking
- Non-life insurance ranking
- Compulsory MTPL