The life insurance segment stagnated, but the property and liability and health insurance sectors in Hungary showed strong growth last year, according to Allianz's latest global insurance report, a summary of which was sent to MTI on Friday. According to the statement, the Hungarian insurance market grew by EUR 0.2 billion, or 7.4%, in 2022, […]
K&H Bank's profit after tax decreased by 10% to HUF 67.6 billion in 2022, Attila Gombás, head of K&H Bank's financial division, said at an online press conference on Monday. He pointed out the decline was mainly due to the fact that their operating costs increased more than revenues, and the impact of special taxes […]
Two thirds of Hungarians have some form of insurance; the majority have property insurance, mostly for property and motor vehicles, according to a survey by UNIQA Insurance. The summary shows that half of the 18–50-year-olds surveyed online also have life insurance. The majority of graduates have at least three policies, and the proportion of people […]
The proportion of Hungarian adults who consider self-providence important has increased significantly, while the number of those who think they are unable to save for their retirement has also risen, according to a quarterly representative survey by K&H's Secure Future Index, the results of which were presented at a press conference in Budapest on Monday. […]
The amount of claims paid out due to Covid exceeded HUF 700 million in Aegon Insurance's life and accident insurance portfolio. As a result of the coronavirus, the terms and conditions of the insurance policies have been significantly modified in some areas for the benefit of the customers. A press release by the company says […]
The Dutch multinational life insurance, pensions and asset management company Aegon has agreed to sell its business in Hungary, Poland, Romania and Turkey to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). "This transaction will simplify Aegon's footprint and strengthen our balance sheet", said Lard Friese, CEO of Aegon. "We are sharpening our strategic focus […]
CIG Pannonia Life Insurance Plc. has issued a statement informing its investors and other participants at the Budapest Stock Exchange that it has taken and implemented fast and effective measures to compensate for the effects of the emergency situation caused by the COVID-19 epidemic. At the beginning of the epidemic in Hungary, the management prepared […]
Staying ahead of the game in the digital age requires constant innovation and a flexible mindset when it comes to business opportunities, says Imre Sztanó, Chief Executive Officer of NN Insurance Co. Ltd. in Hungary. The country’s largest life insurance provider relies on cutting-edge technologies and innovative organizational changes to hold on to its leading […]
As the risk environment for companies is changing, the insurance firm Allianz Hungária, in close cooperation with AON Hungary in the field of risk analysis, and the IT systems firm Duna Elektronika, jointly provide expert help in case of an unexpected disaster.
Groupama Garancia was one of the companies supporting the publication of the recent France country focus of Diplomacy & Trade. The CEO of the company, Yann Ménétrier talked about the company’s presence on the Hungarian insurance market.
The Hungarian government plans to impose a new tax on vehicle owners. The new 'accident tax’, 30% of the current compulsory vehicle liability insurance would be paid by the car owners but collected by the insurer. 'Chips tax' is to be raised.
The insurance company Groupama Garancia confirmed its market position in Hungary in 2010, following its well-defined strategy. CEO Yann Menetrier gave an overview of the company’s situation, the business environment, and its plans.
