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Union wins National Pension Insurance tender

Union Vienna Insurance Group Biztosító has won a tender to provide asset and liability coverage to the Central Administration of National Pension Insurance with a bid of HUF 35.7 million, well under the HUF 80 million estimated cost of the policy, the latest issue of the Public Procurement Gazette reveals.

The policy involves coverage for 58 properties with a combined value of HUF 41 billion. The liability policy pays up to HUF 50 million per event and no more than HUF 100 million a year.

The contract was signed on June 22. (MTI-ECONEWS)