Insurersʼ revenue from premiums edge up 2% in 2015

Weather

blue diamond gallery

Hungarian insurersʼ revenue from premiums edged up 2.2% to HUF 869 billion last year, the head of the Hungarian Insurers Association (MABISZ) said at a conference yesterday, Hungarian news agency MTI reported.

Premiums revenue from life insurance fell 2.6% to HUF 443 bln, due to a 12% drop in single-premium policy premiums revenue, while premiums revenue from general insurance rose 7.7% to HUF 409 bln, Anett Pandurics said at the insurance conference organized by portfolio.hu. 

Revenue from premiums on pension insurance policies rose overall premiums revenue, she added.

The liability and health insurance segments also show promising growth, she said.

Market concentration was little changed last year, with the top five of Hungaryʼs 25 insurers operating in the country as companies limited by shares and taking 57.8% of market share. The market share of the top ten edged down to 82.3% from 84.2%.

Pandurics said a recent survey by MABISZ reveals that industry insiders think over-regulation is the biggest obstacle to market growth, though the low-yield environment is also a threat.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C... Government

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C...

Wizz Air Using VR for Pilot Training Innovation

Wizz Air Using VR for Pilot Training

2024 Edition of Budapest Ritmo Approaching In Budapest

2024 Edition of Budapest Ritmo Approaching

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.