Insurers will provide Hungarians with incentives to make long-term savings if the government creates a supportive regulatory environment for the sector, Hungarian Insurers Association (MABISZ) chairman Peter Kisbenedek said on Wednesday.

Hungarian insurer CIG Pannonia Els? Magyar Altalanos Biztosito (EMABIT) said financial market regulator PSzAF licensed it to provide manatory third-party car insurance policies.

CIG Pannonia Life Insurance strategic partner Pannonia Private Pension Fund has integrated peers Evgyuruk (Growth Rings) Private Pension Fund and the Postas (Postal) Private Pension Fund, CIG Pannonia Life Insurance reported on Monday evening.

Hungarian insurer CIG Pannonia Life Insurance has raised the capital of its non-life-insurance unit, CIG Pannonia Els? Magyar Altalanos Biztosito by HUF 550m in order to facilitate the start of the company's active operations, CIG Pannonia Life Insurance announced on Monday.

The Hungarian Passive House Association (MAPASZ) and insurer Uniqa Biztosito have established a cooperation to raise the number of homes with energy performance certificates, the companies announced.

Hungary's CIG Pannonia Life Insurance (CIG Pannonia Eletbiztosito) said it will continue its Romanian operations as a cross-border service rather than as a branch as at present under a decision taken by the board of directors.

The total underwritings volume correspondent to the Hungarian insurance market stood, after the first six months of this year, at the value of EUR 1.61 billion, 4.4% more than in 1H/2010 - show data published by the Financial Markets Supervisory Authority in Budapest. Calculated in local currency, the insurance market experienced a recoil of 3.2% (underwritings of HUF 429.5 billion), due to large differences in EUR/HUF exchange rate. Also, for the analyzed period, the total claims approved and paid by Hungarian insurers were about EUR 1.1 billion.

CIG Pannonia Life Insurance sustained after-tax losses of HUF 1.58 billion in the first half of 2011, the company's consolidated H1 IFRS report published on Thursday morning showed.

Allianz Hungaria's revenue from premiums fell to HUF 85.2 billion in the first half from the same period a year earlier.

Hungarian insurers' revenue from premiums fell to HUF 419.4 billion in the first half of this year from the same period ain 2010, the Hungarian Insurers Association (MABISZ) said on Friday.

According to a recent international survey by direct insurer Genertel, the online insurance group of Generali, Hungary is in the midpack of European countries in terms of home insurance penetration.

Hungarian insurer CIG Pannonia on Thursday said it registered an investment services provider and a pension fund unit.

Hungarian insurers' revenue from premiums fell to HUF 419.4 billion in the first half of this year from the same period ain 2010, the Hungarian Insurers Association (MABISZ) said.

Gabor Lehel has been named chairman-CEO of Union Biztosito, Vienna Insurance Group's biggest unit in Hungary, effective of July 16, the insurer said in a press release.

Publically-traded Hungarian life insurer CIG Pannonia Eletbiztosito (CIG) and its non-life-insurance unit CIG Pannonia Elso Magyar Altalanos Biztosito have signed a strategic cooperation agreement with Hungary's Granit Bank, CIG Pannonia said late on Tuesday.

Research and Markets, the world's largest market research resource, has added Hungary Insurance Report Q3 2011 to their offerings, according to a press release on Businesswire. The aim of the report is to provide industry professionals and interested parties with independent forecasts and competitive intelligence on Hungary's insurance industry.

KBC Banking & Insurance, a Belgian financial group with operations in retail and private banking, insurance, providing services for both SMEs and major companies, has just opened two new data centers in Hungary, built in partnership with data center supplier Minkels and system integrator Simac, according to a press release.

Generali-Providencia has won a tender to provide state-owned air traffic control company HungaroControl with a two-year liability policy with a bid of HUF 4.5 million.

Hungarian insurers paid out HUF 25 billion in claims for storm and flood damage last summer, daily Nepszabads?g reported on Tuesday, citing data compiled by the Hungarian Insurers Association (MABISz).

Hungary's financial sector remains stable and profitable despite a difficult macroeconomic and market environment but profitability and stability are threatened by a number of risks, mainly ones "inherited" from acute phase of the global economic crisis, financial market regulator PSz?F said in a biannual risk report published on Wednesday.