Hungary
Growth
Amounts are always in euros: this changes how growth is measured, nothing else.
How growth is measured →Latest news5 Nov 2026: Draft omnibus law brings revised Solvency II rules and lighter duties for small insurers All news (14) →
The gross combined ratio of 96% includes Union VIG's property claims of €542m on €54m of earned premium, €6.7m after reinsurance; without that line it would be 77%, and after reinsurance the market's ratio is 87%. Details on the insurer page.
Coverage The insurers shown write 96.5% of the market; branches MNB does not name wrote about €211m more. Share of MNB's market total including branches. MNB publishes the branches' premium (HUF 153.6bn) only as one figure, on an earned basis; only MetLife and Agrár are named. Source.
Market share by insurer
Latest quarter: H1 2026
Premium written H1 2026, year to date: €3.03bn, +2.6% against H1 2025 in local currency. Share change in percentage points against the same period a year earlier.
Largest insurers, H1 2026
Premium year to date and growth; the bar is the share, its change in points under it.
Gains and losses in share
Change in share against H1 2025, in percentage points; an insurer with no premium now has lost its whole share.
- CIG Pannónia · 15 Jul 2026: CIG Pannónia signs deal to buy YouPlus's Czech and Slovak insurance business
- CIG EMABIT · October 2026: CIG Pannónia's non-life insurer EMABIT was renamed CIG Általános Biztosító Zrt.
- Alfa VIG · 30 Jun 2026: Voluntary freeze on home insurance premiums ends; Alfa applies 7% indexation
All figures
| Insurer | H1 2026 €m | Share | Δ pp | H1 2025 €m | Growth |
|---|---|---|---|---|---|
| Generali | 439.9 | 14.5% | +1.0 | 367.1 | +10.2% |
| Allianz | 427.2 | 14.1% | +0.1 | 381.1 | +3.1% |
| Groupama | 396.4 | 13.1% | −0.1 | 357.0 | +2.1% |
| Alfa VIG | 338.9 | 11.2% | +0.3 | 296.6 | +5.1% |
| Union VIG | 221.8 | 7.3% | +0.6 | 183.3 | +11.4% |
| UNIQA | 187.3 | 6.2% | −0.2 | 174.6 | −1.3% |
| NN | 185.2 | 6.1% | +0.2 | 160.2 | +6.3% |
| K&H | 179.1 | 5.9% | +0.1 | 157.1 | +4.9% |
| Signal Iduna | 113.3 | 3.7% | +0.0 | 100.2 | +4.0% |
| Posta Élet | 100.2 | 3.3% | −2.4 | 153.8 | −40.1% |
| MetLife (branch) | 81.2 | 2.7% | +0.1 | 71.0 | +5.2% |
| Gránit | 71.2 | 2.4% | +0.4 | 52.7 | +24.3% |
| CIG Pannónia | 52.5 | 1.7% | −0.5 | 60.2 | −19.8% |
| Agrár (Hagel) (branch) | 39.3 | 1.3% | +0.0 | 34.3 | +5.5% |
| Medicare | 34.2 | 1.1% | +0.1 | 26.7 | +17.8% |
| Genertel | 33.4 | 1.1% | +0.1 | 27.4 | +12.3% |
| CIG EMABIT | 32.2 | 1.1% | +0.3 | 21.7 | +36.5% |
| KÖBE | 28.1 | 0.9% | −0.1 | 29.2 | −11.2% |
| Posta Biztosító | 21.1 | 0.7% | −0.1 | 21.9 | −11.4% |
| GRAWE | 14.1 | 0.5% | +0.0 | 11.5 | +13.3% |
| Cardif | 12.8 | 0.4% | +0.0 | 10.7 | +10.4% |
| EUB | 8.7 | 0.3% | +0.0 | 7.5 | +6.3% |
| LegitiMo | 5.1 | 0.2% | −0.0 | 4.6 | +1.8% |
| Cardif Élet | 4.4 | 0.1% | +0.0 | 3.7 | +8.6% |
| MÜBSE | 3.0 | 0.1% | +0.0 | 2.7 | +3.7% |
| Market | 3,030.8 | 100% | 2,716.9 | +2.6% |
Each insurer's figures: All insurers, growth and latest quarter → · Full-year outlook →
What's happening in Hungary
The latest news on the market's insurers and their supervisor, newest first: facts in Polisa's own words, each with its source.
- LawDraft omnibus law brings revised Solvency II rules and lighter duties for small insurers
A draft financial omnibus law out for consultation transposes the revised Solvency II rules. Small, non-complex insurers get lighter duties after notifying the MNB; foreign insurers above EUR 15m local premium count as significant.
Source: Portfolio.hu - LawInsurers ask the Finance Ministry to end the March home-insurance switching campaign
MABISZ asked the Finance Ministry in early October to stop the yearly March cancellation window after three rounds; the MNB wants to keep it. MNB data show 9.3% of contracts moved in 2026, against 15.2% in 2024.
Source: Portfolio.hu - CompanyCIG Pannónia's non-life insurer EMABIT was renamed CIG Általános Biztosító Zrt.CIG EMABITSource: CIG Pannónia stock exchange announcement (19 Oct 2026)
- PricesMNB kgfb index: car motor TPL premiums 2.7% lower than a year earlier in Q2 2026
The average annual kgfb premium for private cars was HUF 55,521 at end-June, down 2.7% on the year and flat on the quarter, while insurers' claims costs rose 10.8%. The MNB sees a possible turning point for premiums.
Source: Bank360 (MNB kgfb index)
10 earlier
- DealWith France's ACPR approving the last of four transfers on 1 September 2026, CIG Pannónia's life and non-life insurers had all approvals to take over group insurance…Source: CIG Pannónia stock exchange announcement (2 Sep 2026); Telex (27 Nov 2025)
- ResultsCIG Pannónia's H1 2026 profit up 10% although premium income fell 5%
Adjusted after-tax profit rose to HUF 2.335bn as higher-margin products gained share. Premiums fell 5%, which Portfolio links to weaker bank sales of single-premium unit-linked cover; non-life arm CIG EMABIT grew 37%.
CIG PannóniaCIG EMABITSource: Portfolio.hu - DealCIG Pannónia signs deal to buy YouPlus's Czech and Slovak insurance business
CIG Pannónia agreed to buy the Czech and Slovak business of Liechtenstein-based YouPlus Assurance, subject to regulatory approval. The group also plans branches in both countries together with its non-life insurer; no price was given.
CIG PannóniaCIG EMABITSource: Világgazdaság - SupervisorMNB: about 311,000 home insurance contracts changed in the 2026 March campaign
The third switching campaign reached 78% of last year's activity; 146,000 policies were new or moved to another insurer. Average annual premiums fell 0.3% to HUF 64,200, and eight smaller insurers gained 3 points of market share.
Source: Telex (MNB analysis) - PricesVoluntary freeze on home insurance premiums ends; Alfa applies 7% indexation
Insurers' pledge, made at the government's request, to hold private home premiums at end-2024 levels ran from July 2025 to 30 June 2026. Alfa then set a uniform 7% index rise; K&H said it won't recoup the increase waived in the freeze.
Alfa VIGK&HSource: Bank360 - PricesMNB kgfb index: Q1 2026 car premiums down 4.7% while claims costs rise 11.8%
Private-car owners paid an average HUF 55,407 a year for compulsory motor cover at end-March, 4.7% less than a year earlier, while insurers' claims costs rose 11.8%. The MNB's corrected index reached 111%, the highest since 2019.
Source: Economx (MNB kgfb index) - PricesMABISZ president warns that home insurance price rises are imminent
Bence Holló, president of insurers' association MABISZ, told a Portfolio conference that without higher home insurance premiums the improved price-value ratio may not last, and called for the sector's special taxes to be phased out.
Source: Portfolio.hu - DealGránit Biztosító bought Magyar Posta's remaining minority stake (about 33%) in the non-life insurer Magyar Posta Biztosító and now owns 100%.Posta BiztosítóSource: Waberer's investor release
- SupervisorMNB: ethical life insurance rules cut weak unit-linked funds; full rules apply in 2026
The MNB said its 'Etikus 2.0' rules reduced low-performing unit-linked funds and cut low-value product-fund combinations by 31 points. From 1 January 2026 insurers must meet all requirements, including an individual cost (TKM) figure.
Source: Portfolio.hu (MNB press release) - ResultsLife insurers draw HUF 219bn of net household inflows in the first nine months of 2025
Net inflows into life insurance reached HUF 219bn in January to September 2025, the most new money in almost two decades. Portfolio links this to a favourable change in insurers' extra-profit tax and record state-bond interest payouts.
Source: Portfolio.hu
Five-year trend
Premium
Market share of the five largest
Lines in Hungary
All figures
Motor TPL, FY 2025: average premium €143 per policy, 2.1 claims per 100 policies, average claim €1,499. Prices in every market on the Motor TPL page →
Claims incurred in Hungary
Insurers' claims incurred came to €2.82bn in FY 2025, +34.0% on FY 2024 in HUF: €62 for every €100 of premium. Non-life claims were €1.68bn; life insurance benefits €1.14bn.
Premium and claims incurred, FY 2021–2025
PremiumClaims incurred% claims incurred per €100 of premium
Claims incurred by line, FY 2025
Claims incurred by the insurers the MNB supervises (claims paid plus the change in claims provisions), before reinsurance, against their earned premium; branches of foreign insurers are not counted. Source: MNB insurance sector time series. Claims across all markets →
Reinsurance in Hungary
Share of non-life premium ceded, by line
Largest cedents
All figures
Capital cover across the market
Groups present
Each group's share of this market, its companies here, and where else it operates.
Profit and capital
Net profit by year
All figures
Each insurer's profit, return on equity and ratios: All insurers, solvency and profit →
Staff and premium per employee
FY 2025 premium over the insurers' reported employees. Agents, banks and group service companies are not employees, so an insurer that sells through others looks more productive: compare insurers of the same type.
Premium per employee, FY 2025
non-lifecomposite
Size and productivity, FY 2025
Each dot an insurer: employees across (log scale), premium per employee up; the larger the dot, the larger the premium.
By typeMedian per employee
All figures
| Insurer | Type | Employees | Premium €m | Premium per employee |
|---|---|---|---|---|
| Gránit | non-life | 87 | 108.6 | €1.25m |
| Allianz | composite | 774 | 716.0 | €925k |
| K&H | composite | 336 | 290.3 | €864k |
| Signal Iduna | composite | 302 | 198.5 | €657k |
| Alfa VIG | composite | 962 | 578.7 | €602k |
| Generali | composite | 1,235 | 708.0 | €573k |
| EUB | non-life | 32 | 17.1 | €535k |
| Genertel | non-life | 125 | 51.5 | €412k |
| MÜBSE | non-life | 14 | 4.0 | €284k |
| LegitiMo | non-life | 76 | 9.4 | €124k |
Staff: employees as each insurer reports them, in the notes to its annual accounts (average headcount) or in its SFCR (average headcount, or staff in full-time equivalents or full-time employees at 31 December), so the basis differs between insurers; Magyar Posta's two insurers share most of their staff and are not counted. Type: life where life insurance is 90% or more of the premium, non-life where it is 10% or less, composite in between. Productivity across all markets →
Questions about Hungary
Short answers from the figures on this page.
How big is the Hungary insurance market?
Insurers in Hungary wrote €5.13bn of premium in FY 2025, +14.9% on FY 2024 in HUF. That is 2.3% of GDP and €538 per person.
Who is the largest insurer in Hungary?
Allianz is the largest insurer in Hungary with 14.0% of premium (€716m) in FY 2025, ahead of Generali (13.8%) and Groupama (13.3%); the three largest write 41% of the market.
How many insurance companies are there in Hungary?
25 insurers wrote premium in Hungary in FY 2025: 11 non-life, 6 life and 8 composite.
Which insurance groups are present in Hungary?
Polisa records 14 insurance groups in Hungary in FY 2025; the largest by premium are VIG 18.1%, Generali 15.1%, Allianz 14.0%, Groupama 13.3%. Insurers with no group (independent or not in a group) write 2.4% of the premium.
What is the largest line of business in Hungary?
Life insurance is the largest line in Hungary with 39.4% of premium (€2.02bn) in FY 2025, then property with 17.9%.
How well capitalised are the insurers in Hungary?
The median SCR ratio of the insurers in Hungary was 201% at 31 December 2025: the typical insurer held 2.0 times the capital Solvency II requires. 23 of the 25 insurers publish it.
RegulationRule changes6 rule changes that reach insurers in Hungary, with their dates
- Solvency II review · Applies from 30 January 2027
- Motor liability: prices move in different directions · Romania's price cap ended 1 July 2025
- AI Act: pricing rules for life and health delayed · High-risk rules from 2 December 2027
- Retail Investment Strategy: value for money · European Parliament vote scheduled for 12 November 2026; the rules apply 30 months after publication
- Recovery and resolution of insurers · Applies from 30 January 2027
- DORA: digital operational resilience · In application since 17 January 2025
Spotted a wrong figure? Tell us and include the source.
All insurers
ExcelDownload CSVLicence| Insurer | Premium | Share |
|---|---|---|
| Allianz | 716.0 | 14.0% |
| Generali | 708.0 | 13.8% |
| Groupama | 681.2 | 13.3% |
| Alfa VIG | 578.7 | 11.3% |
| Union VIG | 347.5 | 6.8% |
| UNIQA | 332.4 | 6.5% |
| NN | 319.7 | 6.2% |
| K&H | 290.3 | 5.7% |
| Posta Élet | 226.8 | 4.4% |
| Signal Iduna | 198.5 | 3.9% |
| MetLife (branch) | 138.4 | 2.7% |
| Gránit | 108.6 | 2.1% |
| CIG Pannónia | 106.7 | 2.1% |
| Medicover (Medicare) | 58.7 | 1.1% |
| KÖBE | 52.9 | 1.0% |
| Genertel | 51.5 | 1.0% |
| CIG EMABIT | 44.7 | 0.9% |
| Posta Biztosító | 40.8 | 0.8% |
| Agrár (Hagel) (branch) | 36.9 | 0.7% |
| GRAWE | 30.0 | 0.6% |
| Cardif | 22.4 | 0.4% |
| EUB | 17.1 | 0.3% |
| LegitiMo | 9.4 | 0.2% |
| Cardif Élet | 7.9 | 0.2% |
| MÜBSE | 4.0 | 0.1% |
CiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse
Polisa compiles the figures; the original sources are named on this page and on the method page.
Polisa. (2026). Hungary insurance market: market shares, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/markets/hu
BibTeXShow entry
@misc{polisa_markets_hu_2026,
author = {{Polisa}},
title = {Hungary insurance market: market shares, lines, solvency and claims},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/markets/hu}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data: MABISZ (written consent only, no commercial use), MNB (free with credit, unchanged), e-beszámoló (public filings, single figures), insurers' SFCRs (public disclosures, linked).