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Insurance in Hungary
There are 33 insurance companies in Hungary in 2016 compares to 35 in 2015, employing 17,557 people(compares to 17,673 in 2015).

In 2016, the total gross written premiums for insurance in Hungary is €2.906bn, an increase of €0.148bn or 5.37% compares to €2.758bn in 2015.
The total benefits and claims paid for insurance in Hungary in 2016 is €1.727bn, an increase of €0.054bn or 3.23% compares to €1.673bn in 2015.
On a per capita basis, an average of €290 was spent on insurance in Hungary in 2016, €17 more compares to €273 in 2015.

Insurance penetration in Hungary increased on average from 2.46% in 2015 to 2.54% in 2016.
Hungary insurers total investment portfolio has increase from €7.063bn in 2015 to €7.427bn in 2016, an increase of €0.364bn or 5.15%.

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Life Insurance in Hungary

In 2016, the total gross written premiums for life insurance in Hungary is €1.411bn, an increase of €0.010bn or 0.71% compares to €1.401bn in 2015.

The total benefits paid for life insurance in Hungary in 2016 is €1.096bn, an increase of €0.006bn or 0.55% compares to €1.090bn in 2015.

On a per capita basis, an average of €144 was spent on life insurance in Hungary in 2016, €2 more compares to €142 in 2015.

Life insurance penetration in Hungary decreased on average from 1.28% in 2015 to 1.26% in 2016.


Non-Life Insurance in Hungary

In 2016, the total gross written premiums for non-life insurance in Hungary is €1.443bn, an increase of €0.149bn or 11.51% compares to €1.294bn in 2015.

On a per capita basis, an average of €147 was spent on non-life insurance in Hungary in 2016, €16 more compares to €131 in 2015.

Non-Life insurance penetration in Hungary increased on average from 1.24% in 2015 to 1.28% in 2016.

Motor Insurance in Hungary
In 2016, the total gross written premiums for motor insurance in Hungary is €656mn, an increase of €133mn or 25.43% compares to €523mn in 2015.

On a per capita basis, an average of €67 was spent on motor insurance in Hungary in 2016, €14 more compares to €53 in 2015.

Motor insurance penetration in Hungary increased on average from 0.48% in 2015 to 0.58% in 2016.

Health Insurance in Hungary
In 2016, the total gross written premiums for health insurance in Hungary is €6mn, a decrease of €22mn or 78.57% compares to €28mn in 2015.

The total benefits paid for health insurance in Hungary in 2016 is €3mn, a decrease of €6mn or 66.67% compares to €9mn in 2015.

On a per capita basis, an average of €1 was spent on health insurance in Hungary in 2016, €2 less compares to €3 in 2015.

Health insurance penetration in Hungary increased on average from from 0.03% in 2015 to 0.01% in 2016..

Property Insurance in Hungary
In 2016, the total gross written premiums for property insurance in Hungary is €545mn, an increase of €37mn or 7.28% compares to €508mn in 2015.

On a per capita basis, an average of €55 was spent on property insurance in Hungary in 2016, €3 more compares to €52 in 2015.

Property insurance penetration in Hungary increased on average from 0.46% in 2015 to 0.48% in 2016.

Insurance in Hungary 2014-2015

There are 35 insurance companies in Hungary in 2015 compares to 24 in 2014, employing 17,673 people(compares to 19,975 in 2014).

In 2015, the total gross written premiums for insurance in Hungary is €2.758bn, an increase of €0.056bn or 2.07% compares to €2.702bn in 2014.
The total benefits and claims paid for insurance in Hungary in 2015 is €1.673bn, a decrease of €0.076bn or 4.35% compares to €1.749bn in 2014.
On a per capita basis, an average of €273 was spent on insurance in Hungary in 2015, similar to amount spend in 2014.

Insurance penetration in Hungary decreased on average from 2.57% in 2014 to 2.46% in 2015.
Hungary insurers total investment portfolio has increase from €6.923bn in 2014 to €7.063bn in 2015, an increase of €0.140bn or 2.02%.

Life Insurance
In 2015, the total gross written premiums for life insurance in Hungary is €1.401bn, a decrease of €0.035bn or 2.44% compares to €1.436bn in 2014.

The total benefits paid for life insurance in Hungary in 2015 is €1.090bn, a decrease of €0.029bn or 2.59% compares to €1.119bn in 2014.

On a per capita basis, an average of €142 was spent on life insurance in Hungary in 2015, €3 less compares to €145 in 2014.

Life insurance penetration in Hungary decreased on average from 1.37% in 2014 to 1.28% in 2015.

Non-Life Insurance
In 2015, the total gross written premiums for non-life insurance in Hungary is €1.294bn, an increase of €0.036bn or 2.86% compares to €1.258bn in 2014.

The total claims paid for non-life insurance in Hungary in 2015 is €594mn, a decrease of €19mn or 3.10% compares to €613mn in 2014.

On a per capita basis, an average of €131 was spent on non-life insurance in Hungary in 2015, €4 more compares to €127 in 2014.

Non-Life insurance penetration in Hungary increased on average from 1.20% in 2014 to 1.24% in 2015.

Motor Insurance
In 2015, the total gross written premiums for motor insurance in Hungary is €523mn, an increase of €35mn or 7.17% compares to €488mn in 2014.

The total claims paid for motor insurance in Hungary in 2015 is €344mn, an increase of €16mn or 4.88% compares to €328mn in 2014.

On a per capita basis, an average of €53 was spent on motor insurance in Hungary in 2015, €4 less compares to €49 in 2014.

Motor insurance penetration in Hungary increased on average from 0.46% in 2014 to 0.48% in 2015.

Health Insurance
In 2015, the total gross written premiums for health insurance in Hungary is €28mn, a decrease of €3mn or 9.68% compares to €31mn in 2014.

The total benefits paid for health insurance in Hungary in 2015 is €9mn, a decrease of €4mn or 30.77% compares to €13mn in 2014.

On a per capita basis, an average of €3.0 was spent on health insurance in Hungary in 2015, similar to spending in 2014.

Health insurance penetration in Hungary increased on average from 0.03% in 2015, similar to penetration in 2014.

Property Insurance
In 2015, the total gross written premiums for property insurance in Hungary is €508mn, a decrease of €8mn or 1.55% compares to €516mn in 2014.

The total claims paid for property insurance in Hungary in 2015 is €198mn, a decrease of €18mn or 8.33% compares to €216mn in 2014.

On a per capita basis, an average of €52 was spent on property insurance in Hungary in 2015, similar to penetration in 2014.

Property insurance penetration in Hungary increased on average from 0.49% in 2014 to 0.46% in 2015.

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