Travel insurance premiums up 8% in Q1
Travel insurance premiums saw a year-on-year rise in revenue of 8% in the first quarter of this year, reaching HU 2.4 bln, Hungarian economic daily Világgazdaság said today, citing data from the Hungarian Insurers Association (MABISZ).
Demand also saw a rise for supplemental coverage, such as cancellation of travel plans, the paper noted, based on data by MABISZ. Overall revenue from premiums climbed 2% to HUF 248 bln in the first quarter, MABISZ said earlier.
According to the paper, regarding the recent tragedy in Tunisia, insurers would continue to offer coverage for those traveling to the country, so long as it is not included on the list of places which the Hungary’s Ministry of Foreign Affairs and Trade does not recommend visiting.
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