Hungary's insurance market up by 3.2% y/y in Jan-Sep.

By bne IntelliNews November 15, 2010
The premium income of the insurance sector increased by 3.2% y/y to HUF 622bn for the January-September period, data from the Hungarian Insurance Companies Association (MABISZ) showed. The growth mainly resulted from the 15% y/y growth of the life insurance segment to HUF 308bn, representing approximately half of the total premium income for the period. At the same time, the non-life insurance segment dropped by more than 4% y/y to HUF 314bn in the first nine months, as the mandatory vehicle insurance revenues slipped by 8.5% y/y. Allianz continued to be the market leader with a 22% market share in terms of revenues, followed by Generali (15.4%) and Groupama Garancia (10.5%).

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss