STATISTICS: HUNGARY, 1Q2017: incurred claims went up by 12.2%, while GWP increased by only 8.5% y-o-y
Life insurance accounted for 43.6% of total GWP portfolio - of which 21.2% unit-linked / index-linked policies and 9.2% - endowment insurance.
As compared with last year, the share of non-life classes in total market increased to 56.4% GWP or HUF 143.7 billion. In case of general insurance, the largest shares were accounted by property policies (20.9% of total GWP), MTPL (19.3%) and MoD (8%).
In terms of losses, the aggregate volume of incurred claims by insurers increased by 12.2% y-o-y to HUF 141.4 billion (EUR 458 million).
Access www.xprimm.com and download the 1Q2017 Hungarian insurance market statistics.