50,000 Switch Home Policy Providers During Campaign
So far, 50,000 Hungarian homeowners have switched their home insurance policy providers during a month-long campaign, National Economy Minister Márton Nagy said on Tuesday.
During the month of March, home policy holders may switch their insurers without penalty in a campaign initiated by the government to encourage homeowners to take advantage of increased competition on the market.
Nagy said as many as 200,000 policy holders could switch providers by the end of the month.
Hungarians have about 3.3m home insurance policies, the latest data from the National Bank of Hungary (MNB) show. The central bank noted earlier that just three-fourths of Hungarian homes are insured.
Moody's Completes Periodic Review of Hungary Ratings
Polish Unemployment Falls in April
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.
