STATISTICS:

Hungary

Location:
Central Europe, northwest of Romania

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

Natural hazards:
-



Currency: Forint (HUF)

1 EUR = 311.02 Forints - HUF (December 31st, 2016)
1 EUR = 313.12 Forints - HUF (December 31st, 2015)
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)

See all statistics

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.

STATISTICS: HUNGARY insurance market grows 2.6% in 3Q

Hungarian insurers' GWP rose 2.6% y-o-y to HUF 647 billion (EUR 2 billion) in the first nine months of the year, according to the figures published by the National Bank. Life insurance GWP was down by 1.5% to HUF 333 billion, while revenue from premiums on general insurance policies increased by 7.3% to HUF 314 billion.

HUNGARY: MNB suspends KOBE mandatory car insurance sales

The National Bank of Hungary (MNB) on Friday said it had suspended the sale of mandatory car insurance policies by KOBE and placed restrictions on management of the insurerʼs assets. The MNB also instructed the insurer to prepare a financial plan, correcting deficiencies. The MNB said KOBEʼs insufficiently sound fee policy, risks related to its investment activities and the insurerʼs unfavorable reserves position justified the measure. The sales suspension does not apply to KOBEʼs other insurance contracts, the market watchdog said.

HUNGARY: Transparency, products comparability and tax benefits for pension insurance expected to boost life insurance

Hungarian life insurance saw difficult times throughout the years following to the 2008 crisis. Still, the 2011 nationalization of the private pensions' Pillar II segment seems to have resulted in a renewed interest shown by customers to the pensions insurance products. In addition, the TKM (Total Cost Indicator) introduction added a well appreciated degree of transparency and comparability to the life insurance products, easing the customer's choice.

HUNGARIAN Post Life Insurance caters to neglected customers

The life insurance market in Hungary has been uncertain since the economic crisis left many to struggle financially, but the Hungarian Post Life Insurance Company is setting its sights on attracting previously neglected customers

HUNGARY, ALLIANZ: insurers must innovate to compete

With a nearly 21-percent share of Hungary's non-life insurance market, Allianz Hungary has an important role to play in a country that has hit the headlines recently because of its geographic position as a frontier for waves of migrants seeking a better life in the EU. Hit hard by the financial crisis but improving, Hungary was recently characterised by the IMF as 'growing at a strong pace, helped by accommodative policies and improved market sentiment'.

HUNGARY, MNB: Insurers must validate contracts with former Astra policy holders

Insurers must recognize the mandatory vehicle liability insurance contracts as valid from October 1 for former policy holders of Romanian insurer Astra who terminated their contract by mutual agreement from September 30 even if Astra has not yet reported the termination of the contract in the Centralized Claim History Registration System (KKNYR), the National Bank of Hungary (MNB) said yesterday.

HUNGARY's MNB fines Uniqa Insurance HUF76m for violations

The National Bank of Hungary (MNB) fined insurance company Uniqa Biztosito HUF 76 million on a number of violations related to shortfalls in its registration, auditing and contract management systems, the central bank said today in a press release.