Hungary: Central bank finds insurers at lower risk in complying with Solvency II

The National Bank of Hungary has found in a study that insurers in the country are at lower risk in complying with the Solvency II directive, the Budapest Business Journal reports.

The central bank said it found a "significantly lower degree of risk compared to pan-European exposure," among Hungarian insurers.

While 13% of insurers would require supervision to conform to the new regulations, these insurers represent only 1% of the overall insurance sector's assets, the study said.

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