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Hungary: extreme weather during the first half of June resulted in insured losses of over EUR 6 million
Extreme weather conditions have significantly affected Hungary during
the first half of June, resulting in about 18,500 claims files worth a
combined HUF 2 billion (~EUR 6.1 million) in losses, the local
association of insurers said.
28 June 2018STATISTICS: HUNGARY, 1Q 2018: The insurers' quarterly net profit climbed by 41% y-o-y
Hungarian 25 insurers reported 1Q 2018 aggregate GWP up by 8.2% y-o-y to HUF 275.6 billion (EUR 881.9 million), according to the market data published by the National Bank of Hungary (MNB).
14 June 2018Young Hungarians expect sunny years after retirement
4 June 2018STATISTICS: Hungary FY2017: Of 25 active insurers, only one reported losses, Central Bank said
Hungarian 25 insurers reported FY2017 aggregate GWP up by 7% y-o-y to HUF 948.1 billion (EUR 3 billion), according to the market data published by the National Bank of Hungary (MNB).
26 April 2018VIENNA Insurance Group completes mergers in Hungary and Slovakia
VIENNA Insurance Group announced Hungary's central bank approved the merger of the three VIG Group companies. Thus, starting 1 April 2018, VIG will be represented in Hungary solely by the insurance company UNION Biztosito, while in Slovakia, bancassurer Poistovna Slovenskej sporitelne (PSLSP) will merge with Kooperativa Poistovna.
4 April 2018HUNGARIAN Post Life Insurance Company constantly adapts to ensure success
While the Hungarian financial services market is forced to navigate new legislation, the insurance sector continues to thrive by using digitalisation to meet clients' demands.
28 March 2018HUNGARY: CIG Pannonia expands to Baltic states
Hungarian insurer CIG Pannonia is making inroads into markets in two of
the Baltic states through its general insurance unit Elso Magyar
Altalanos Biztosito (EMABIT), the company told national news agency MTI.
20 March 2018Sparklab Hungary turns one
8 March 2018HUNGARY: Green light from the Central Bank for the three VIG units' merger
The National Bank of Hungary (MNB) announced on its website it
approved the merger of the three local subsidiaries of the Austrian
VIENNA Insurance Group into one company. Gabor LEHEL, CEO of UNION
Biztosito, will be Chairman of the Board of the resulted entity after
the merger.
25 January 2018HUNGARY: MCI Group buys Hungarian online insurance broker Netrisk
MCI Group has acquired Netrisk, a Hungarian online insurance broker. The value of the deal is 56.6 million euros (about USD 67.8 million). Mezzanine Management and Bank Gospodarstwa Krajowego are co-investors in the transaction.
8 January 2018STATISTICS: 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).
14 December 2017Hungary: only 1,8% of the registered vehicles have no MTPL insurance policy
The number of cars not covered by MTPL insurance in Hungary has decreased substantially during the last five years, from 5.8% to 1.8%, as in September 2017, MABISZ - the Hungarian insurers' association said.
7 December 2017HUNGARY: CIG Pannonia premium revenues, profits up
Q1-Q3 revenues from premiums of Hungarian insurer CIG Pannonia Group rose 41% year-on-year to HUF 18.6 billion, the company said in an unaudited, consolidated IFRS earnings report released early Tuesday, as reported by state news agency MTI.
5 December 2017HUNGARY: Telenor introduces insurance for new handsets
Telenor Hungary has introduced three insurance schemes for recently purchased handsets, both for postpaid residential and business customers.
30 October 2017HUNGARY: Insurers pay HUF 6 bln compensation for summer storm damage
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.
19 September 2017STATISTICS: HUNGARY, 1H2017: Insurers' GWP up by 6.16% while the market technical result decreased by 13.73%
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).
14 September 2017STATISTICS: HUNGARY, 1Q2017: incurred claims went up by 12.2%, while GWP increased by only 8.5% y-o-y
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.
6 July 2017HUNGARY: Extraordinary announcement on the merger by acquisition of Pannonia Insurance Companies
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.
5 July 2017HUNGARY: CIG Pannonia parts with general insurance businesses
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.
27 June 2017HUNGARY: VIG to merge ERSTE, UNION and VIENNA Life into one company
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.
27 April 2017
