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Non-Life Insurance in Hungary, Key Trends and Opportunities to 2018 - Product Image

Non-Life Insurance in Hungary, Key Trends and Opportunities to 2018

  • ID: 2880547
  • June 2014
  • Region: Hungary
  • 293 pages
  • Timetric

The report provides in depth market analysis, information and insights into the Hungarian non-life insurance segment, including:
- The Hungarian non-life insurance segment’s growth prospects by non-life insurance categories
- Key trends and drivers for the non-life insurance segment
- The various distribution channels in the Hungarian non-life insurance segment
- The detailed competitive landscape in the non-life insurance segment in Hungary
- Detailed regulatory policies of the Hungarian insurance industry
- A description of the non-life reinsurance segment in Hungary
- Porter's Five Forces analysis of the non-life insurance segment

Summary
In terms of gross written premium, the Hungarian insurance industry is the third-largest in the Central and Eastern European (CEE) region after Poland and the Czech Republic. The country’s insurance industry registered a compound annual growth rate (CAGR) of -0.7% during the review period (2009-2013), and was adversely affected by subdued economic conditions. The decline was mainly led by the non-life insurance segment, which registered a CAGR of -3.6% . This contraction was primarily due to a decline READ MORE >

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1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Hungarian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009–2018
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Recent Market Developments
4 Non-Life Insurance Outlook
4.1 Consumer Segmentation and Buying Behaviour
4.2 Product and Marketing Strategies
4.3 Non-Life Insurance Growth Prospects by Category
4.4 Property Insurance
4.4.1 Fire and allied perils insurance
4.4.2 Engineering insurance
4.4.3 Agriculture insurance
4.4.4 Other property insurance
4.5 Motor Insurance
4.5.1 Motor hull Insurance
4.5.2 Motor third-party insurance
4.6 Liability Insurance
4.6.1 Other liability
4.7 General Third-Party Insurance
4.8 Marine, Aviation and Transit Insurance
4.8.1 Marine insurance
4.8.2 Marine hull insurance
4.8.3 Marine third-party insurance
4.8.4 Aviation insurance
4.8.5 Aviation hull insurance
4.8.6 Aviation liability insurance
4.8.7 Aviation insurance
4.8.8 Transit insurance
5 Analysis by Distribution Channels
5.1 Direct Marketing
5.2 Bancassurance
5.3 Agencies
5.4 E-Commerce
5.5 Brokers
5.6 Other Channels
6 Porter’s Five Forces Analysis – Hungarian Non-Life Insurance Market
6.1 Bargaining Power of Suppliers: Medium to High
6.2 Bargaining Power of Buyers: Medium
6.3 Barriers to Entry: Medium
6.4 Intensity of Rivalry: High
6.5 Threat of Substitutes: Low
7 Reinsurance Growth Dynamics and Challenges
7.1 Reinsurance segment size, 2009–2018
7.2 Reinsurance segment size by type of insurance, 2009–2018
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Regulations by Type of Insurance
8.2.1 Life insurance regulations
8.2.2 Property insurance regulations
8.2.3 Motor insurance regulations
8.2.4 Marine, aviation and transit insurance regulations
8.2.5 Personal accident and health insurance regulations
8.3 Compulsory Insurance
8.3.1 Motor third-party liability insurance
8.3.2 Air carriers and aircraft operators insurance
8.3.3 Workers’ compensation insurance
8.3.4 Marine liability insurance
8.4 Supervision and Control
8.4.1 International Association of Insurance Supervisors (IAIS)
8.4.2 European Insurance and Occupational Pension Authority (EIOPA)
8.4.3 Hungarian Financial Supervisory Authority (HFSA)
8.5 Non-Admitted Insurance Regulations
8.5.1 Overview
8.5.2 Intermediaries
8.5.3 Market practices
8.5.4 Fines and penalties
8.6 Company Registration and Operations
8.6.1 Types of insurance organization
8.6.2 Establishing a local company
8.6.3 Foreign ownership
8.6.4 Types of license
8.6.5 Capital requirements
8.6.6 Solvency margins
8.6.7 Reserve requirements
8.6.8 Investment regulations
8.6.9 Statutory return requirements
8.6.10 Fee structure
8.7 Taxation
8.7.1 Insurance premium or policy taxation
8.7.2 Withholding tax on insurance premium paid overseas
8.7.3 Corporate tax
8.7.4 VAT
8.7.5 Captives
8.8 Legal System
8.8.1 Introduction
8.8.2 Access to court
8.8.3 Alternative dispute resolution (ADR)
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Hungarian Non-Life Insurance Segment
9.3 Comparison of the Five Leading Insurers
9.3.1 Gross written premium
9.3.2 Net earned premium
9.3.3 Incurred loss
9.3.4 Total assets
9.4 Allianz Hungária Biztosító Zrt. – Company Overview
9.4.1 Allianz Hungária Biztosító Zrt. – key facts
9.4.2 Allianz Hungária Biztosító Zrt. – key financials
9.5 Generali-Providencia Biztosító Zrt. – Company Overview
9.5.1 Generali-Providencia Biztosító Zrt. – key facts
9.5.2 Generali-Providencia Biztosító Zrt. – Key financials
9.6 Groupama Garancia Biztosító Zrt. – Company Overview
9.6.1 Groupama Garancia Biztosító Zrt. – key facts
9.6.2 Groupama Garancia Biztosító Zrt. – key financials
9.7 Aegon Magyarország Általános Biztosító Zrt. – Company Overview
9.7.1 Aegon Magyarország Általános Biztosító Zrt. – key facts
9.7.2 Aegon Magyarország Általános Biztosító Zrt. – key financials
9.8 Uniqa Biztosító Zrt – Company Overview
9.8.1 Uniqa Biztosító Zrt – key facts
9.8.2 Uniqa Biztosító Zrt. – key financials
9.9 Union Vienna Insurance Group Biztosító Zrt. – Company Overview
9.9.1 Union Vienna Insurance Group Biztosító Zrt. – key facts
9.9.2 Union Vienna Insurance Group Biztosító Zrt. – key financials
9.1 K&H Biztosító Zrt. – Company Overview
9.10.1 K&H Biztosító Zrt. – key facts
9.10.2 K&H Biztosító Zrt. – key financials
9.11 Magyar Posta Biztosító Zrt. – Company Overview
9.11.1 Magyar Posta Biztosító Zrt. – key facts
9.11.2 Magyar Posta Biztosító Zrt. – key financials
9.12 Köbe Közép Európai Kölcsönös Biztosító Egyesület – Company Overview
9.12.1 Köbe Közép Európai Kölcsönös Biztosító Egyesület – key facts
9.12.2 Köbe Közép Európai Kölcsönös Biztosító Egyesület – Key financials
9.13 Signal Biztosító Zrt. – Company Overview
9.13.1 Signal Biztosító Zrt – key facts
9.13.2 Signal Biztosító Zrt – key financials
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend – Budapest Stock Exchange, Hungary
10.2 Economic Performance
10.2.1 GDP at constant prices (US$)
10.2.2 GDP per capita at constant prices (US$)
10.2.3 GDP at current prices (US$)
10.2.4 GDP per capita at current prices (US$)
10.2.5 GDP by key segments
10.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
10.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
10.2.8 Manufacturing net output at current prices (US$)
10.2.9 Manufacturing net output at current prices as a percentage of GDP
10.2.10 Mining, manufacturing and utilities at current prices (US$)
10.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.12 Construction net output at current prices, (US$)
10.2.13 Construction net output at current prices as a percentage of GDP
10.2.14 Inflation rate
10.2.15 Exports as a percentage of GDP
10.2.16 Imports as a percentage of GDP
10.2.17 Merchandise exports growth
10.2.18 Merchandise imports growth
10.2.19 Annual average exchange rate HUF–US$
10.3 Infrastructure
10.3.1 Commercial vehicles exports – total value
10.3.2 Commercial vehicles imports – total value
10.3.3 Automotive exports – total value
10.3.4 Automotive imports – total value
10.3.5 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Gross national disposable income (US$)
10.5.2 Household consumption expenditure (US$)
10.5.3 Total population
10.5.4 Urban and rural populations
10.5.5 Age distribution of the total population
11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric’s Services
11.5 Disclaimer

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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