Hungary insurance brokers have HUF 14.3 bln revenue from commissions last year

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Members of the Hungarian Association of Insurance Brokers had 14.3 billion in revenue from commissions in 2011, association secretary general Anna Pálos Turczi told a conference in Siófok (C Hungary) on Sunday.

Insurance companies paid brokers HUF 1.46 billion in commissions on life insurance policies last year. Of this total, 29% came from the insurance company AXA, 23% came from CIG and 13% came from Generali, Turczi said.

Insurance brokers received HUF 12.8 billion in commission in the non-life segment in 2011. One-quarter of the total came from Allianz, 23% from Generali, and 11% from Uniqa.

The conference was held to celebrate the 20th anniversary of the association.

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