Over 8 mln Hungarians lack accident insurance

Weather

While some countries in Western Europe have accident insurance coverage among their populations of more than 80%, Hungarian coverage is paltry, at only 10-20%, according to a press release sent to the Budapest Business Journal by Union Insurance. 

The number of registered individual accident insurance policies in Hungary is 617,000. In some cases, car and home insurance packages provide additional insurance for accidents, somewhat expanding the overall coverage, notes the press release.

Insurance statistics show that most accidents happen at home. According to the Central Statistical Office (KSH), while 625 deaths occurred as a result of traffic accidents in 2017, household accidents claimed more than 1,700 lives during the same period.

Union said that the highest amount of payouts it made on accident insurance claims was for household cases. Most injuries at home are related to falls, burns and cuts, the insurer added. 

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.