Hungary

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Europe;
- Neighbours: Serbia, Croatia, Slovenia, Austria, Slovakia, Ukraine, Romania.

Climate:
- temperate climate;
- cold, cloudy, humid winters;
- warm summers.

Macro indicators
* 2018 estimates
Surface:93,030km2
Population*:9.8million
Pop. density*:105.1people/km2
GDP*:130.9EUR billion
GDP/capita*:13,383.1EUR

European Union:
EU member, since 2004

Currency: Forint
Code: HUF
Since: 1946


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:46.6%
TOTAL NON-LIFE*:53.4%
Overall Property*:18.4%
Overall Motor*:25.8%
MTPL*:17.0%


Sources:
Starting October 1, 2013, the National Bank of Hungary took over all activities of financial market regulator PSZAF






 


Statistics

Hungary FY2018 Market Portfolio

Hungary timeline 2008 - 2017


See all statistics

Latest news

HUNGARY: 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.






HUNGARY: 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.





HUNGARY: 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.



HUNGARY: CIG Pannonia to merge MKB insurers into its units

Hungarian insurer CIG Pannonia announced it will merge into its units (CIG Pannonia Life Insurance and CIG Pannonia First Hungarian General Insurance) the two MKB insurers recently acquired: MKB Life Insurance and MKB General Insurance.


STATISTICS: Hungarian market leaders in 2016

The thirty active members of MABISZ (the Hungarian insurance association) posted aggregate FY2016 GWP of HUF 920.6 billion (~ EUR 2.9 billion), up by 5.1% y-o-y, according to the association's website.

HUNGARY: NN opens first innovation lab in the field of insurance

NN Group recently opened its first international innovation lab - Sparklab Hungary. Sparklab welcomes startups and freelancers in Hungary who aim to explore and expand ideas supporting the improvement of quality of life. It follows the example of several successful innovation labs in the Netherlands and will be NN's first international initiative. It is the first innovation lab in  Hungary in the field of insurance. Sparklab will use lean start-up techniques and support selected ideas with coaching, mentoring, location and other resources.

HUNGARY: Extraordinary announcement on the agreement between the subsidiary of CIG Pannonia Life Insurance and Aegon Hungary

CIG Pannonia Life Insurance notifies its Esteemed Shareholders and other capital market participants that the general meeting of Pannonia General Insurance decided to transfer the home insurance, condominium insurance and compulsory vehicle liability insurance portfolio to Aegon Hungary General Insurance with the effect from the date of the supervisory authorization.