MABISZ expects that the sector can count on claim settlements of record amounts, even exceeding HUF 4.5 billion (~EUR 11.76 million).
MABISZ has been collecting damage claim payments for the May-August storm season since 2010. Last year, this totaled HUF 7.5 billion in four months, while in 2018, the entire storm season “cost" was less than HUF 3.2 billion.
Currently, 73-74% of residential properties in Hungary have home insurance, but a significant part of the existing contracts was concluded several years ago and have not been updated since then in accordance with the actual property situation, or possible expansion or modernization of the property, the source added.
*EUR 1 = HUF 382.69 (as of 13.08.2023)