Hungary Insurance Report Q2 2016

Date: February 3, 2016
Pages: 56
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: The outlook for Hungary's insurance market is highly positive. Rising levels of household income and solid demographic trends are boosting demand for various life products, leading to gains in penetration and density rates over the five year forecast period. Strong demand for some of the smaller nonlife lines, such as health and personal accident insurance, will also support growth in the non-life sector.

Key Updates And Forecasts
  • Life insurance is expected to prove the main source of growth in Hungary's insurance market over the forecast period. Life premiums are currently forecast to grow by 11.7% annually between 2016 and 2020, meaning that life premiums will account for over 60% of all premiums written.
  • While growth will be slower in the smaller non-life sector, premiums are also expected to rise by a healthy rate of 8.1% annually over the forecast period. While density (premiums per capita) will rise, the rate of penetration (premiums against GDP) is expected to slip slightly as the non-life market is outpaced by wider economic growth.
BMI Industry View
  Table: Headline Insurance Forecasts (Hungary 2013-2020)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Hungary 2013-2020)
  Table: Life Insurance Claims (Hungary 2007-2014)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Hungary 2013-2020)
  Table: Non-Life Insurance Claims (Hungary 2008-2014)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums by Product Line (Hungary 2013-2020)
Industry Risk Reward Ratings
Emerging Europe Risk/Reward Index
  Table: Emerging Europe Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
Competitive Landscape
  Table: Life Insurance Premiums (USDmn), 2008-2014
Non-Life Market Overview
The Product Offering
Competitive Landscape
  Table: Non-Life Insurance Premiums (USDmn), 2008-2014
Company Profile
Vienna Insurance Group (VIG)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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