Mabisz Premium Revenues Rose 7.6% Last Year

Figures

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Revenue from premiums of members of the Association of Hungarian Insurance Companies (Mabisz) rose 7.6% to HUF 1.467 trillion last year, Mabisz chairman Mihály Erdős said, according to novekedes.hu.

Erdős noted that Mabiszmembers account for 95% of the market. Revenue from premiums on life insurance policies increased by 1.9% to HUF 646 billion.

Revenue from premiums on general insurance policies rose 12.7% to HUF 821 bln. Erdős said insurers paid more than HUF 169 bln on a sectoral and a windfall profit tax last year. He put the sector's profit between HUF 10 bln and HUF 20 bln, down from HUF 82 bln in 2021.

Mabisz members' number of policies edged down 0.2% last year, as the number of life insurance policies dropped 3.7% and the number of general insurance policies inched up 0.4%.

Last year, almost 12,000 road accident statements were filled in using Mabisz's smartphone application, the head of Mabisz's IT department said. The app has been downloaded over 480,000 times, László Mászáros said.

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