Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2019

Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2019

Regular price $1,450.00 Sale

Published on Oct 23, 2015 - 127 pages

Timetric's 'Personal Accident and Health Insurance in the Hungary, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Hungarian personal accident and health insurance segment, including:
  • The Hungarian personal accident and health insurance segment's growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of Hungary's economy and demographics
  • Details of the competitive landscape in the personal accident and health insurance segment in Hungary
  • Details of regulatory policy applicable to the Hungarian insurance industry
Report Highlights
  • The personal accident and health insurance segment is divided into three categories: personal accident, travel and health
  • The personal accident category accounted for 63.3% of the segment's gross written premium in 2014.
  • Rising healthcare expenditure, long waits for public healthcare, and the absence of dental and aesthetic treatment cover in public health insurance are supporting the growth of private healthcare.
  • The travel insurance category grew at a review-period CAGR of 9.9%
  • The implementation of Solvency II will increase transparency and provide protection to policyholders.
  • Rising healthcare expenditure and government support through tax exemptions are expected to drive the personal accident and health segment.
Report 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 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
  • It offers a detailed analysis of the key categories in the Hungarian personal accident and health insurance segment, and market forecasts to 2019.
  • It profiles the top personal accident and health insurance companies in Hungary, and outlines the key regulations affecting them.
Reasons to Get this Report
  • 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.


Table of Contents

1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Travel insurance
5.4.3 Health insurance
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Hungarian Life Insurance Segment
6.2.1 Allianz Hungaria Biztosito Zrt - company overview
6.2.2 Generali Providencia Biztosito Zrt - company overview
6.2.3 Magyar Posta Eletbiztosito Zrt - company overview
6.2.4 Groupama Garancia Biztosito Zrt - company overview
6.2.5 Aegon Magyarorszag Altalanos Biztosito Zrt - company overview
6.2.6 Uniqa Biztosito Zrt - company overview
6.2.7 Union Vienna Insurance Group Biztosito Zrt - company overview
6.2.8 K&H Biztosito Zrt - company overview
6.2.9 MetLife Biztosito Zrt - company overview
6.2.10 CIG Pannonia Eletbiztosito Nyrt - company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
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 insurance
7.4.3 Workers' compensation insurance
7.4.4 Marine liability insurance
7.4.5 Professional indemnity insurance for alternative investment fund managers
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 European Insurance and Occupational Pension Authority (EIOPA)
7.5.3 Magyar Nemzeti Bank (MNB)
7.6 Non-Admitted Insurance Regulations
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 Types 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 margins
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 tax on insurance 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 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables

Table 1: Hungarian Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Hungarian Government Credit Ratings
Table 4: Hungarian Personal Accident and Health Insurance - Gross Written Premium by Category (HUF Billion), 2010-2014
Table 5: Hungarian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 6: Hungarian Personal Accident and Health Insurance - Gross Written Premium by Category (HUF Billion), 2014-2019
Table 7: Hungarian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 8: Hungarian Personal Accident and Health Insurance - Direct Written Premium (HUF Billion), 2010-2014


Companies Mentioned:

Allianz Hungaria Biztosito Zrt
Generali-Providencia Biztosito Zrt
Magyar Posta Eletbiztosito Zrt
Groupama Garancia Biztosito Zrt
Aegon Magyarorszag altalanos Biztosito Zrt
Uniqa Biztosito Zrt
Union Vienna Insurance Group Biztosito Zrt
K&H Biztosito Zrt
MetLife Biztosito Zrt
CIG Pannonia Eletbiztosito Nyrt