Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2020
Region:Europe
Product Code:IS1384MR
January 2017
113
About the Report
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.
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 Personal Accident Insurance
5.1.1 Premium
5.1.2 Policies
5.1.3 Claims
5.1.4 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.2.4 Profitability
5.3 Travel Insurance
5.3.1 Premium
5.3.2 Policies
5.3.3 Claims
5.3.4 Profitability
6 Competitive Landscape
6.1 Company Profiles
6.1.1 Allianz Hungaria Biztosito Zrt-company overview
6.1.2 Generali-Providencia Biztosito Zrt-company overview
6.1.3 Magyar Posta Eletbiztosito Zrt-company overview
6.1.4 Groupama Garancia Biztosito Zrt-company overview
6.1.5 Aegon Magyarorszag altalanos Biztosito Zrt-company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulation
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Air carriers and aircraft operators' liability insurance
7.4.3 Workers' compensation insurance
7.4.4 Marine liability insurance
7.4.5 Professional indemnity insurance for alternative investment fund managers
7.4.6 Professional indemnity insurance for insurance brokers
7.4.7 Liability for ships with respect to oil pollution
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors
7.5.2 European Insurance and Occupational Pensions Authority
7.5.3 Magyar Nemzeti Bank
7.6 Non-Admitted Insurance Regulation
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and Penalties
7.7 Company Registration and Operations
7.7.1 Type of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margin
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)
8 Databook
8.1 Policies and Premium
8.1.1 Claims and expenses
8.1.2 Assets and investments
8.1.3 Personal accident insurance
8.1.4 Health insurance
8.1.5 Health insurance by product
8.1.6 Travel insurance
9 Definitions and Methodology
9.1 Definitions
9.2 Methodology
10 About Timetric
10.1 Contact Timetric
10.2 About Timetric
10.3 Timetric's Services
10.4 Disclaimer
Research Methodology
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