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Uniqa Insurance grows pre-tax profit

Uniqa Insurance had pre-tax profit of HUF 820 million last year, up from HUF 225 mln a year earlier, CEO Krisztián Kurtisz said on Wednesday, as reported by state news wire MTI.

Uniqa projects pre-tax profit of HUF 1.4 billion in 2018, the CEO added.

Uniqaʼs gross written premium rose 10% to more than HUF 64 bln last year, and sales increased by a similar pace in the first quarter of this year. The company launched a restructuring project in 2016, reducing the number of products it offers from 200 to 43.

Kurtisz said the Viennese parent company of Uniqa Insurance has launched an innovation workshop and a venture capital firm to support InsurTech companies.

"In Hungary we plan to make a move in this area in the autumn based on our own ideas," the CEO said.