Hungary Insurance Report - Q4 2014

Business Monitor International
August 20, 2014
78 Pages - SKU: BMI5315659
Countries covered: Hungary

Hungary Insurance Report - Q4 2014

BMI View: The latest figures published by market leaders support our view that the current challengingconditions will persist over the next few quarters, in both segments. In the life sector, some multi-nationalshave registered growth in premiums of around 10% in recent months due to effective marketing campaigns.

This growth has meant a significant growth in premiums but has been at the expense of other insurers. Thenon-life sector has also faces some substantial challenges recently, the continued slide in motor insurancepremiums being the most prominent issue for many companies. Despite this however the overall outlook forthe insurance industry looks set to improve in the coming quarters with a strong chance of steady, albeittepid, growth in premiums.

Despite the fact that a number of companies have witnessed a strong growth in premiums in the non-lifesegment, these gains have been principally focused in small niche markets. The main drag on growth innon-life sector over our forecast period will be poor performance of motor insurance premiums, with thesector set to see its non-life market share contract considerably.



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