Hungary home insurance market sees first post-crisis expansion
Hungary's home insurance market experienced an expansion last year for the first time since the beginning of the economic crisis, the Hungarian Association of Insurers (MABISZ) told Hungarian news agency MTI.
Approximately 2,999,000 of the 4,200,000 homes in Hungary were insured last year, a number which grew from the preceding year’s 2,985,000, however, was still under the pre-crisis level of 3,078,000.
MABISZ said that revenue from premiums on home policies edged up to HUF 91.3 bln last year from just under HUF 91 bln in 2013. Policy holders filed 704,000 claims last year. Almost one-fifth were related to summer storm damage, MABISZ added.
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