Hungarians homes are well insured
According to a recent international survey by direct insurer Genertel, the online insurance group of Generali, Hungary is in the midpack of European countries in terms of home insurance penetration.
71% of households have a home insurance, data of Hungarian Insurance Association (MABISZ) shows. Home insurance penetration is the highest in Germany and the Chezc Republic (more than 80%), followed by Poland (50%), Italy (25%) and Romania (barely 10%).
“Tariffs in Hungary, Italy and Spain are lower than the EU average, which can be explained with the expansion of direct insurance models,” said László Sebestyén, sales director of Genertel.
When choosing insurance, price remains the main criterion for clients. However, an increasing number of people add supplementary services to the basic insurance for extra costs. The most popular services are insurance against cash theft, robbery and burglary and a fairly new one, legal assistance for the family. “Although most of these services are currently available for a surcharge, there is a tendency for them to be built in the base tariff,” Sebestyén added.
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.