MABISZ: Insurers’ premiums revenue up 2%
Hungarian insurers revenues from premiums saw a year-on-year rise of 2%, reaching HUF 657 billion, in the first three quarters, the Hungarian Insurers Association (MABISZ) said today in an announcement.
Data from MABISZ shows that revenue from life insurance premiums dropped by 1.9% to HUF 329.4 bln while premiums on general insurance policies were up 6.3% to HUF 327.8 bln.
Although there is currently a trend of falling revenue in the life insurance sector, the number of long term and continuous investment contracts has increased in the past year.
The increase in all fields other than life insurance was primarily due to an increase in the number of registered vehicles in the country – through both new and used car sales.
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.