After the first three quarters of 2013, the Hungarian insurance market recorded a cvasi stable status, with a 1% decrease in GWP, to EUR 2.04 billion. In fact, the 3Q2913 figures denominated in local currency (HUF) show a 4% growth continuing the positive trend in underwriting established in the precedent quarters of the year.

Life insurance segment's share in the total market turnover grew to 53.5%, from 51.2% in September 2012, following the 8.8% growth rate of the GWP (local currency). The assurance on death line placed the best growth rate, of almost 25%, but the most significant increase in absolute terms came from the unit-linked life insurance line for which GWP grew by EUR 34.5 million.

Still, on the non-life insurance lines the market didn't recovered yet, as motor insurance lines continued to follow a negative trend. In local currency, GWP for motor insurance decreased by 6.3% y-o-y, while denominated in euro, the figures show an almost 11% fall in GWP, to EUR 361.95 million. The strongest negative trend was recorded on the Motor Hull line which lost about EUR 30 million from the GWP volume as compared with 3Q2012, to EUR 157 million.

Access www.xprimm.com and download the 3Q2013 Hungarian insurance market statistics.

Market portfolio (in EUR and HUF) according to Hungarian Financial Supervision Authority (PSZAF):

• Gross written premiums
• Paid claims
• Growth rates
  

Market rankings (GWP/ Market shares/Growth rates - in EUR and HUF) according to Association of Hungarian Insurance Companies (MABISZ):

• Overall market ranking
• Overall life insurance ranking
• Non-life insurance ranking
• Compulsory MTPL