Non-Life Insurance in Hungary, Key Trends and Opportunities to 2020
Region:Europe
Product Code:IS1383MR
January 2017
140
About the Report
Timetric's 'Non-Life Insurance in Hungary, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Hungarian non-life insurance segment, and a comparison of the Hungarian insurance industry with its regional counterparts.
It provides values for 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 analyzes distribution channels operating in the segment, gives a comprehensive overview of the Hungarian economy and demographics, explains the various types of natural hazards and their impact on the Hungarian insurance industry, 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 'Non-Life Insurance in Hungary, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Hungarian non-life insurance segment, including:
The Hungarian non-life segment's detailed outlook by product category
A comprehensive overview of the Hungarian economy and demographics
A comparison of the Hungarian non-life insurance segment with its regional counterparts
The various distribution channels in the Hungarian non-life insurance segment
Detailed analysis of natural hazards and their impact on the Hungarian insurance industry
Details of the competitive landscape in the Hungarian non-life insurance segment
Details of regulatory policy applicable to the Hungarian insurance industry
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Hungary:
It provides historical values for the Hungarian non-life 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 non-life insurance segment, and market forecasts to 2020.
It provides a comparison of the Hungarian non-life insurance segment with its regional counterparts
It analyzes the various distribution channels for non-life insurance products in Hungary.
It analyzes various natural hazards and their impact on the Hungarian insurance industry
It profiles the top non-life 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 non-life insurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Hungarian non-life insurance segment.
Assess the competitive dynamics in the non-life 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 non-life segment accounted for 44.1% of the insurance industry's overall gross written premium in 2015.
The Hungarian non-life insurance segment expanded during the review period at a review-period CAGR of 2.1%.
The Insurance Companies and Insurance Activities Act was introduced in December 2014, and came into force on January 1, 2016.
Property insurance was the largest category, accounting for 46.9% of the segment's gross written premium.
Agencies are a highly preferred channel as a result of their detailed understanding of risks and products related to their field and region.
The Hungarian non-life insurance segment is highly concentrated, with the 10 leading companies accounting for 91.8% of its gross written premium in 2015.
Scope of the Report
Products
Companies
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Policies sold
5.1.4 Claims
5.1.5 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Policies sold
5.2.4 Claims
5.2.5 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Policies sold
5.3.4 Claims
5.3.5 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Policies sold
5.4.4 Claims
5.4.5 Profitability
6 Distribution Channel Outlook
7 Natural and Man-Made Hazards
7.1 Flooding
7.2 Drought
7.3 Earthquakes
7.4 Exposure
8 Competitive Landscape
8.1 Company Profiles
8.1.1 Allianz Hungaria Biztosito Zrt-company overview
8.1.2 Generali Providencia Biztosito Zrt-company overview
8.1.3 Aegon Magyarorszag Altalanos Biztosito Zrt-company overview
8.1.4 Groupama Garancia Biztosito Zrt-company overview
8.1.5 Uniqa Biztosito Zrt-company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Motor third-party liability insurance
9.4.2 Air carriers and aircraft operators' liability insurance
9.4.3 Workers' compensation insurance
9.4.4 Marine liability insurance
9.4.5 Professional indemnity insurance for alternative investment fund managers
9.4.6 Professional indemnity insurance for insurance brokers
9.4.7 Liability for ships with respect to oil pollution
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 European Insurance and Occupational Pensions Authority
9.5.3 Magyar Nemzeti Bank
9.6 Non-Admitted Insurance Regulation
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and Penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution (ADR)
10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Property Insurance
10.5 Property Insurance by Product
10.6 Motor Insurance
10.7 Motor Insurance by Product
10.8 Liability Insurance
10.9 Marine, Aviation and Transit Insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric's Services
12.4 Disclaimer
Research Methodology
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