Hungary

Location:
Central Europe, northwest of Romania

Climate:
temperate; cold, cloudy, humid winters; warm summers

Natural hazards:
-



Currency: Forint (HUF)

1 EUR = 314.89 Forints - HUF (December 31st, 2014)
1 EUR = 296.91 Forints - HUF (December 31st, 2013)
1 EUR = 291.29 Forints - HUF (December 31st, 2012)
1 EUR = 311.13 Forints - HUF (December 31st, 2011)
1 EUR = 278.75 Forints - HUF (December 31st, 2010)

Sources:

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

Association of Hungarian Insurance Companies (MABISZ)
National Bank of Hungary
Hungarian Financial Supervision Authority (PSZAF)

Insurance statistics

1H2017Market portfolio (MNB)xlsx
1Q2017Market portfolio (MNB)xlsx
FY2016Insurance companies rankings (MABISZ)xlsx
FY2016Market portfolio (MNB)xlsx
3Q2016Market Portfolio (MNB)xlsx
1H2016Market portfolio (MNB)xlsx
1Q2016Market Portfolio (MNB)xlsx
FY2015Market portfolio (MNB)xlsx
FY2015Insurance Companies Rankingsxlsx
3Q2015Market portfolio (NBH)xlsx
3Q2015Insurance companies rankingsxlsx
1H2015Market portfolio (MNB)xlsx
1H2015Insurance companies rankingsxlsx
1Q2015Market Portfolio (PSZAF)xlsx
1Q2015Insurance Companies Rankingsxlsx
FY2014Market portfolio (PSZAF)xlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014Market portfolio (NBH)xlsx
3Q2014Insurance companies rankingsxlsx
1H2014Insurance market overview pdf
1H2014Market portfolio (NBH)xlsx
1H2014Insurance companies rankingsxlsx
1Q2014Market portfolio (NBH)xlsx
1Q2014Insurance companies rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolio (NBH)xlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolio (PSZAF)xlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013
Insurance Companies Rankingsxlsx
1H2013Market Portfolioxlsx
1Q2013Insurance companies rankingsxlsx
1Q2013Market portfolio (PSZAF)xlsx
FY2012Insurance market overview pdf
FY2012Market portfolio (PSZAF)xlsx
FY2012Insurance companies rankings (MABISZ)xlsx
3Q2012Insurance Companies Rankingsxlsx
3Q2012Market Portfolio (PSZAF)xlsx
1H2012Insurance market overview pdf
1H2012Market portfolio (PSZAF)xlsx
1H2012Market portfolio (MABISZ)xlsx
1H2012Insurance companies rankingsxlsx
1Q2012Insurance companies rankingsxlsx
1Q2012Market portfolio (PSZAF)xlsx
1Q2012Market portfolio (MABISZ)xlsx
FY2011Insurance market overview pdf
FY2011Market portfolio (PSZAF)xlsx
FY2011Market portfolio (MABISZ)xlsx
FY2011Insurance companies rankingsxlsx
3Q2011Market portfolio (PSZAF)xlsx
3Q2011Market portfolio (MABISZ)
xlsx
3Q2011Insurance companies rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Hungarian insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Hungarian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Hungarian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls


1H2017 Market portfolio (MNB)

1Q2017 Market portfolio (MNB)

Service initiatives pay-off for Aegon Hungary

Aegon Hungary recently took home the 2015 Client-Friendly Insurer of the Year Award, based on feedback from more than 52,000 clients. A significant achievement in a country with a total population of just 10 million. The campaign was run by NETRISK.hu, an online insurance broker. Not only did clients rank insurance companies on a general level, but they were asked to assess companies based on their administration, client information, client retention, and claims handling capabilities.

HUNGARY: VIG premiums revenue reaches HUF 63-65 bln

Austriaʼs Vienna Insurance Group (VIG) had annual revenue of HUF 63-65 bln from premiums in Hungary, the management of the groupʼs local businesses told journalists on Friday, but the management did not disclose other figures for last year, according to reports.

HUNGARY: AXA to sell its banking unit to OTP Bank

AXA announced that it has entered into an agreement to sell its Hungarian banking operations to OTP Bank. The French Group expects that the sale will result in an EUR 80 million loss in net income. In this regard, "a provision was booked in the Group consolidated financial statements as of December 31, 2015", AXA officials pointed out in a statement.

Imre SZTANO to replace Cornelia COMAN as CEO of NN Hungary

Starting March 1st, 2016, Imre SZTANO, currently Chief Sales Officer (CSO) of NN Hungary, will be appointed CEO of the company, this change waiting for regulatory approval. He will succeed Cornelia COMAN, who was CEO of NN Hungary since 2012: "She will be moving on to a new role within NN Group", the company announced in a statement.

HUNGARY's Magyar Posta reports record for 2015

The stock of savings reached a record at Magyar Posta (Hungarian Post) in 2015, the company announced on Monday. By the end of last year, the number of Posta Bank Accounts exceeded 50,000.

HUNGARIANS tend to buy travel insurance at last minute

On average Hungarians spent HUF 540 forints a day on travel insurance last year when traveling out of country, on par with data available for 2014, online daily napi.hu reported today according to data compiled by online brokerage firm Netrisk.hu.

HUNGARY's OTP in talks to buy AXA Bank's local mortgages

Central Europe's largest independent lender, Hungary's OTP Bank, is in talks to acquire the local retail mortgage portfolio of AXA Bank Europe SA, which has posted steep losses, financial sector sources told Reuters.

HUNGARY's HUF 17 bn loss on MKB "national economic interest", CEO says

When asked what the point of the government losing HUF 17 bn on buying into MKB Bank, the CEO of the bank cited interests of the national economy. The bank cut its operating costs heavily in 2015, and got to show what it was like when a state-owned bank extended loans. In recent days, MKB got rid of its non-performing project loan portfolio and was transferred to the Hungarian Consolidation Asset Manager Zrt, where it will remain until a buyer is found by the middle of next year. Portfolio interviewed CEO Adam Balog.

HUNGARY: CIG Pannonia books HUF 197 mln after-tax profi

Hungarian life insurance company CIG Pannonia booked an after-tax profit of HUF 197 million in the third quarter of this year, improving from a HUF 256 mln loss in the base period, an earnings report published today reveals, according to Hungarian news agency MTI.