ADVERTISEMENT

Report: Insurers' revenue from premiums climb 4%

Telco

The combined revenue from premiums of Hungarian insurers saw a rise of 4.2% to HUF 844.1 bln last year, with revenue from premiums on life insurance policies rising 4.4% to HUF 451.8 bln and general insurance policies climbing 3.9% to HUF 392.3 bln, the Hungarian Insurers Association (MABISZ) said today.

The number of mandatory vehicle insurance policies increased by 4.8% (229,000), while the number of comprehensive vehicle insurance policies rose by 1.4% (812,000).

Market leader Allianz's revenue from premiums saw a drop of 4.7% to HUF 123 bln, while runner-up Generali saw a rise of 4.3% to HUF 114 bln. Wáberer Hungária showed the most growth, with a revenue jump of 83% to HUF 9.1 bln. CIG Pannónia saw the biggest drop at 22% or HUF 16.7 bln.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.