The annual increase in claims costs continued (4%), but stagnated on a quarterly basis, which means that the growth rate of claims costs has been lower than that of premiums for five quarters already, and it is expected that this will moderate the increase in premiums in the coming quarters.
The MNB's corrected KGFB-index for passenger cars (which is used to measure the justification of price changes and shows the net change in premiums adjusted for insurance tax and the effect of claims payments and reserves) stands at 133%, showing a smaller increase in the second quarter. The index was at its peak in 1Q2021, and is currently at the pre-pandemic level.
*EUR 1 = HUF 394.62 (as of June 30)
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