Hungarian-founded insurtech Ominimo plans to relaunch its operations in Hungary in the first quarter of 2027, replacing its current insurance partner, Signal Iduna, with a new international insurer. According to information reported by Dealroom.co and Portfolio.hu, the move is part of Ominimo's strategy to expand its presence in the Hungarian motor insurance market.

The existing insurance portfolio will remain with Signal Iduna, while the relaunch with a new partner is subject to regulatory approval. Although the replacement insurer has not yet been announced, Zurich Insurance Group, an early investor in Ominimo and its partner in several European markets, is considered a potential candidate.

Founded in 2024, Ominimo operates under a managing general agent (MGA) model, managing pricing, distribution, claims and customer relationships, while insurance partners provide underwriting capacity. The company reports approximately one million customers across European markets.

In Hungary, Ominimo aims to expand its compulsory motor third-party liability (MTPL) business to cover all customer segments, while also developing comprehensive motor, home, liability and accident insurance products.

The expansion comes amid increasing pressure on Hungarian motor insurers' profitability, as MTPL premiums declined year-on-year in 2026 while claims costs continued to rise.

In July 2026, Ominimo completed a Series B funding round led by the European Bank for Reconstruction and Development (EBRD), reaching an estimated valuation of USD 1.6 billion and becoming Hungary's first officially recognised unicorn.

Sources: Dealroom.co, Portfolio.hu

[s|hungary]