Insurance market in Hungary 2024
Hungarian insurance market moderately developed. With approximately 10 million inhabitants, country’s premium income in 2023 was 2,4 billion euros in non-life branch, and 1,5 billion in life. Market is dominated by multinational companies. Based on premium received in last year largest groups are Vienna (19%), Generali (16%) and Allianz (15%). There are also three material independent players on the market: CIG (3%) is traded on Budapest stock exchange; its major ultimate shareholder is a Hungarian…
Read more