On the other hand, the excellent performance of the non-life insurance business saved the entire market from a downturn, where total premium income increased by 6.6% to HUF 421.7 bln in one year.
According to the MNB's data, life insurance risk schemes are primarily to blame for the decline since the statistics show a fee income of only HUF 10.2 billion, compared to more than HUF 28 bln a year earlier.
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