Hungary Insurance Report Q1 2018
BMI View: Hungary's insurance industry will develop at a brisk pace over the next few years as a robust macroeconomic backdrop and strong levels of consumer and business sentiment drive demand across the majority of lines. In particular, rapid wage growth and rising household incomes will support expansion in the life insurance sector, as well as the emerging health segment. We expect to see mature markets, such as the motor vehicle segment to experience a more modest growth trend due to slowing vehicle sales and competitive pricing pressures. While a tightening monetary environment presents a further element of downside risk to our growth outlook, we believe the market will present a number of opportunities to international investors, not least in the form of mergers and acquisitions.
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