1 in 10 car owners switch insurers

Automotive

More than 1.1 million vehicles are still involved in the November compulsory motor third-party liability insurance (kgfb) campaign, and every tenth owner changes insurers based on the trends of recent years, the Association of Hungarian Insurers (MABISZ) said, according to origo.hu.

According to the organization, insurers will again publish their kgfb premiums for yearend anniversary contracts by November 2 at the latest. Customers must receive this notice 50 days prior to the insurance anniversary from their insurer.

Reinsurers must terminate their current contract 30 days before the insurance anniversary, no later than December 1, then must conclude a new contract with the new insurer by December 31 at the latest.

ADVERTISEMENT

Wizz Air issues EUR 500 mln bond Transport

Wizz Air issues EUR 500 mln bond

1,438 new COVID-19 cases registered in Hungary Figures

1,438 new COVID-19 cases registered in Hungary

Gov't to roll out PIT exemption for Hungarians under 25 Government

Gov't to roll out PIT exemption for Hungarians under 25

Tourism nights down 85% y.o.y. in November 2020 Tourism

Tourism nights down 85% y.o.y. in November 2020

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.