Home Insurance Premiums Avg HUF 56,000 in Hungary

Figures

The average home insurance premium in Hungary stood at an annual HUF 56,400 in the fourth quarter, state news wire MTI reports, citing data published by the National Bank of Hungary (MNB) on Wednesday.

The data, compiled for the first time, show the average premium climbed 18% in a year.

MNB noted that the average premium for policies it has certified "consumer friendly" was 9.5pc under the market average during the period.

The central bank and financial market regulator will publish the home insurance premium data on a quarterly basis.

OTP Makes Offer for Bank in EU - CEO Banking

OTP Makes Offer for Bank in EU - CEO

Chinese President to Visit Budapest in May Visits

Chinese President to Visit Budapest in May

Conditions for New Home Renovation Grant Softened Residential

Conditions for New Home Renovation Grant Softened

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

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.