Travel insurance premiums up 8% in Q1
Travel insurance premiums saw a year-on-year rise in revenue of 8% in the first quarter of this year, reaching HU 2.4 bln, Hungarian economic daily Világgazdaság said today, citing data from the Hungarian Insurers Association (MABISZ).
Demand also saw a rise for supplemental coverage, such as cancellation of travel plans, the paper noted, based on data by MABISZ. Overall revenue from premiums climbed 2% to HUF 248 bln in the first quarter, MABISZ said earlier.
According to the paper, regarding the recent tragedy in Tunisia, insurers would continue to offer coverage for those traveling to the country, so long as it is not included on the list of places which the Hungary’s Ministry of Foreign Affairs and Trade does not recommend visiting.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
