Non-Life Insurance in Hungary industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Hungary non-life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2013 annual average exchange rates.
The Hungarian non-life insurance market is forecast to generate total gross written premiums of $1.6bn in 2014, representing a compound annual rate of change (CARC) of -1.7% between 2010 and 2014.
The property segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $0.7bn, equivalent to 41.4% of the market's overall value.
The performance of the market is forecast to decline further but at a slower pace, with an anticipated CARC of -0.6% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $1.6bn by the end of 2019.
Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Hungary
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Hungary
Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Hungary non-life insurance market with five year forecasts
Macroeconomic indicators provide insight into general trends within the Hungary economy
Key Questions Answered
What was the size of the Hungary non-life insurance market by value in 2014?
What will be the size of the Hungary non-life insurance market in 2019?
What factors are affecting the strength of competition in the Hungary non-life insurance market?
How has the market performed over the last five years?