Hungary Insurance Q3 2018
Hungary will be one of the more dynamic insurance markets in the Central and Eastern Europe (CEE) region over thenext few years, and will be a key focus from major multinational insurers operating in the region. The development of the insurancesector will be driven by a combination of positive economic and demographic trends. In particular, we note the impact of risingincome levels that will drive the affordability and appeal of consumer products. In tandem, the country's expanding elderlypopulation will lead to higher rates of morbidity and increased need for savings and investment solutions, thus boosting demandfor life, health and personal accident insurance covers. The one weak spot in our outlook is the motor vehicle segment, where amixture of price competition, rising interest rates and a shrinking driving-age population are dragging on premiums growth.
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