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Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Hungarian personal accident and health insurance segment, and a comparison of the Hungarian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income during the review period (2011–2015) and forecast period (2015–2020).

The report also gives a comprehensive overview of the Hungarian economy and demographics and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Hungarian personal accident and health insurance segment, including:

  • An overview of the Hungarian personal accident and health insurance segment
  • The Hungarian personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Hungarian economy and demographics
  • A comparison of the Hungarian personal accident and health insurance segment with its regional counterparts
  • Details of the competitive landscape in the Hungarian personal accident and health insurance segment
  • Details of regulatory policy applicable to the Hungarian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Hungary:
  • It provides historical values for the Hungarian personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Hungarian personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Hungarian personal accident and health insurance segment with its regional counterparts
  • It profiles the top personal accident and health insurance companies in Hungary, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Hungarian personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Hungarian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Hungarian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Hungarian personal accident and health insurance segment accounted for 3.9% of the industry’s gross written premium in 2015.
  • The Insurance Companies and Insurance Activities Act was introduced in December 2014, and came into force on January 1, 2016.
  • Personal accident insurance accounted for 66.7% of the segment’s gross written premium in 2015.
  • Health insurance was the second-largest category, accounting for 27.5% of the segment’s gross written premium in 2015.
  • Factors such as a rise in road accidents, awareness of health insurance benefits and expansion of the tourism industry are expected to lead the segment’s growth over the forecast period.


  • Key Facts and Highlights
    • Table Hungarian Personal Accident and Health Insurance - Key Facts, 2015
    • Table Hungarian Personal Accident and Health Insurance - Leading Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Hungarian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Hungarian Personal Accident and Health Insurance - Gross Written Premium (HUF Billion and US$ Million), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Gross Written Premium (HUF Billion and US$ Million), 2015-2020
        • Table Hungarian Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Hungarian Personal Accident and Health Insurance - Premium per Capita (HUF and US$), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Premium per Capita (HUF and US$), 2015-2020
      • Policies sold
        • Table Hungarian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Hungarian Personal Accident and Health Insurance - Paid Claims (HUF Billion and US$ Million), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Paid Claims (HUF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Hungarian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Hungarian Personal Accident and Health Insurance - Total Assets (HUF Billion and US$ Million), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Total Assets (HUF Billion and US$ Million), 2015-2020
        • Table Hungarian Personal Accident and Health Insurance - Total Investment Income (HUF Billion and US$ Million), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Total Investment Income (HUF Billion and US$ Million), 2015-2020
        • Table Hungarian Personal Accident and Health Insurance - Investment Portfolio (HUF Billion), 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Investment Portfolio (HUF Billion), 2015-2020
  • Outlook by Category
    • Table Hungarian Personal Accident and Health Insurance - Gross Written Premium by Category (HUF Billion), 2011-2015
    • Table Hungarian Personal Accident and Health Insurance - Gross Written Premium by Category (HUF Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Hungarian Personal Accident Insurance - Gross Written Premium (HUF Billion and US$ Million), 2011-2015
        • Table Hungarian Personal Accident Insurance - Gross Written Premium (HUF Billion and US$ Million), 2015-2020
      • Policies
        • Table Hungarian Personal Accident Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Hungarian Personal Accident Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Hungarian Personal Accident Insurance - Paid Claims (HUF Billion and US$ Million), 2011-2015
        • Table Hungarian Personal Accident Insurance - Paid Claims (HUF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Hungarian Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Hungarian Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Hungarian Health Insurance - Gross Written Premium by Sub-Category (HUF Billion and US$ Million), 2011-2015
        • Table Hungarian Health Insurance - Direct Written Premium by Sub-Category (HUF Billion and US$ Million), 2015-2020
      • Policies
        • Table Hungarian Health Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Hungarian Health Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Hungarian Health Insurance - Paid Claims (HUF Billion and US$ Million), 2011-2015
        • Table Hungarian Health Insurance - Paid Claims (HUF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Hungarian Health Insurance - Loss Ratio (%), 2011-2015
        • Table Hungarian Health Insurance - Loss Ratio (%), 2015-2020
    • Travel Insurance
      • Premium
        • Table Hungarian Travel Insurance - Gross Written Premium (HUF Billion), 2011-2015
        • Table Hungarian Travel Insurance - Gross Written Premium (HUF Billion), 2015-2020
      • Policies
        • Table Hungarian Travel Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Hungarian Travel Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Hungarian Travel Insurance - Paid Claims (HUF Million and US$ Million), 2011-2015
        • Table Hungarian Travel Insurance - Paid Claims (HUF Million and US$ Million), 2015-2020
      • Profitability
        • Table Hungarian Travel Insurance - Loss Ratio (%), 2011-2015
        • Table Hungarian Travel Insurance - Loss Ratio (%), 2015-2020
  • Competitive Landscape
    • Table Hungarian Personal Accident and Health Insurance - Leading Insurers, 2015
    • Company Profiles
      • Allianz Hungária Biztosító Zrt - company overview
        • Table Allianz Hungária Biztosító Zrt - Key Facts
      • Generali-Providencia Biztosító Zrt - company overview
        • Table Generali Providencia Biztositó Zrt - Key Facts
      • Magyar Posta Életbiztosító Zrt - company overview
        • Table Magyar Posta Életbiztosító Zrt - Key Facts
      • Groupama Garancia Biztosító Zrt - company overview
        • Table Groupama Garancia Biztosító Zrt - Key Facts
      • Aegon Magyarország Általános Biztosító Zrt - company overview
        • Table Aegon Magyarország Általános Biztosító Zrt - Key Facts
  • Governance, Risk and Compliance
    • Table Hungary - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Hungary - Life Insurance Regulatory Framework
      • Property insurance
        • Table Hungary - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Hungary - Motor Insurance Regulatory Framework
        • Table Hungary - Bonus-Malus System for Passenger Cars and Motorcycles
        • Table Hungary - Bonus-Malus System for Trucks, Buses, Tractors and Other Commercial Vehicles
      • Liability insurance
        • Table Hungary - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Air carriers and aircraft operators' liability insurance
        • Table Hungary - Minimum Coverage for Aircraft Third-Party Liability per Accident and Aircraft
      • Workers' compensation insurance
      • Marine liability insurance
      • Professional indemnity insurance for alternative investment fund managers
      • Professional indemnity insurance for insurance brokers
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Magyar Nemzeti Bank
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Hungary - Insurance Premium Taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Hungary - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Hungarian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Hungarian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Hungarian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Hungarian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
      • Personal accident insurance
        • Table Hungarian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
      • Health insurance
        • Table Hungarian Personal Accident and Health Insurance - Health Insurance, 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Health Insurance, 2015-2020
      • Health insurance by product
        • Table Hungarian Personal Accident and Health Insurance - Health by Product, 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Health by Product, 2015-2020
      • Travel insurance
        • Table Hungarian Personal Accident and Health Insurance - Travel Insurance, 2011-2015
        • Table Hungarian Personal Accident and Health Insurance - Travel Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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