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Insurance volume in Hungary up 4.2% in 2014

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The Association of Hungarian Insurance Companies has said that insurance revenues in the country increased 4.2% year on year in 2014, Budapest Business Journal reported.

Revenue from nonlife insurance segment increased 3.9% for the period.

The top three insurers, namely, German insurer Allianz S.E., Italian insurer Assicurazioni Generali S.p.A. and French insurer Groupama S.A., continue to control 40% of the Hungarian market.

Allianz is the largest insurer in the country by revenue.

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