Life insurance offers a personalised, on-demand way to provide for your family in the event of an unexpected tragedy or to save for your goals in a planned way. Together with accident and health insurance, which can be purchased as an add-on, this insurance provides a wide range of cover for individuals and families.
Depending on your individual circumstances and goals, you can choose from a range of life insurance policies or buy additional cover to extend your protection.
Term life insurance provides financial help in unexpected situations, to replace income when it is needed most.
Classic mixed insurance is a safe form of savings combined with risk insurance, where the insurer guarantees a fixed return for decades in advance at maturity.
Unit linked is a life insurance combined with savings that allows the client to actively manage his investments and, in return for higher risk, to benefit from the longer-term returns typically available in the capital markets.
Pension insurance helps to provide financial security in old age. These products are available in both classic mixed and unit-linked versions. Savings for retirement are also supported by the state through tax credits.
Annuity insurance aims to make retirement more predictable by providing a regular monthly income from retirement to the end of life.
Fire, storm, burglary: your home and your belongings are exposed to a myriad of risks. A carefully chosen home insurance policy can help to mitigate damage to your home and cover unexpected costs.
The Housing Insurance Committee of the Association of Hungarian Insurance Companies has compiled the Housing Insurance Guide, which aims to provide information on the most important concepts and information related to housing insurance. Housing insurance is of paramount importance for every household. MABISZ is committed to providing correct information, which is also essential for consumer protection. The information in this Guide will help everyone to manage their home insurance.
Preserving our values is our common goal. MABISZ carries out inspections of doors, windows, locks, padlocks, safes and alarms at the request of companies that manufacture or distribute security equipment and issues Product Conformity Recommendations. The list and classification of products with a recommendation is public and available to anyone.
Burglary prevention is important all year round, but it is particularly important to raise awareness during the summer holidays. No one should think that they are not at risk of burglary. The brochure deals in general terms with property, security and burglary protection in the context of home insurance.
From 1 January 2025, the green card issued in electronic form will no longer have to be printed out by the vehicle owner. This was decided by the General Assembly of the Central Organisation of the International Green Card Scheme (COB) in the summer of 2024. From now on, the holder can choose to present the green card to the authorities in paper or electronic PDF format, regardless of the software, hardware or operating system on which it is presented. The organisation has decided that from 1 January 2025, authorities in all EU Member States will have to accept green cards in PDF format on a portable electronic device (e.g. smartphone, tablet) from foreign motorists visiting their country. This does not require any special technical device or application (e.g. QR code reader) to be used by the authorities. The only practical change is that instead of a printed green card, the same document will be checked on the basis of its electronic image. The only practical change is that instead of a printed green card, the same document will be checked against an electronically displayed image. The use of traditional paper green cards will remain unchanged and will be presented and checked in the same way as before. In all cases, where the electronic version is not available or is not to be used by the holder, the green card must be printed on white paper in black ink on A/4 format. The technical implementation of the green card in the form of an electronic-only certificate is still pending, but is being negotiated. The Association of Hungarian Insurance Companies, as the National Bureau, is of the opinion that the introduction of the new electronic green card does not require any changes to the existing Hungarian legislation and the Hungarian authorities have stated that they are ready to implement the new practice from 1 January 2025. We remind our customers that insurance companies will send a separate customer information leaflet on the change to all drivers with compulsory third party liability insurance.
Association of Hungarian Insurance CompaniesAs per the definition determined by Act LXII of 2009 on Insurance Against Civil Liability in Respect of the Use of Motor Vehicles, the National Bureau is an organisation of Hungarian motor insurers providing compulsory motor liability insurance cover. This organisation is taking care of tasks related to co-ordination, the claims handling and settlements in the framework of the international Green Card System.
Compulsory motor liability insurance was established in Europe between the First and Second World Wars in order to ensure the necessary indemnity for the traffic victims.
In June 1952 the resolution of the Inland Transport Committee established the Green Card System with the participation of eight countries with effect from 1st January 1953. The eight countries were: Austria, Belgium, France, Netherlands, Great Britain, Sweden, Switzerland and the Federal Republic of Germany. Within a half-year, another four countries (Denmark, Norway, Finland, Ireland) joined this system. In the next few years, most European countries followed them. Hungary has been participating in the Green Card system since 1961.
With a permanent location in London (and co-operating with the Economic Commission for Europe of the United Nations), the Council of Bureaux (CoB) is the main governing and representative body of the Green Card System. (established in November 1951.)
The Green Card Agreement is based on two principles:
Due to the increase of the international motor vehicle traffic the idea to facilitate the operation of the system changed in spite of the satisfactory functioning of the Green Card system. The members of the Green Card system raised the idea of concluding supplementary agreements which are aimed at the elimination of producing and controlling the Green Card as a documentary evidence of the insurance cover.
During the parallel operation of the Uniform Agreement and its further development, the Multilateral Guarantee Agreement the idea of unification of the two agreements was first raised in 1999. The differences in the texts and as a consequence of this the different interpretations underlined the necessity of the unification.
According to Directive 2009/103/EC (Motor Insurance Directive), every vehicle normally based in the territory of a third country must, before entering the territory of Hungary, be provided either with a valid Green Card or with a certificate of frontier insurance establishing that the vehicle is insured in accordance with the Directive.
In all the different cases where our office in his capacity, shall be obliged to indemnify for the losses caused by using a motor vehicle, the loss may be reported to any of the insurance companies providing motor insurance. In case it has already been established on the spot of the accident, that the user of the motor vehicle causing the accident was uninsured, it would be advisable for the claimant to report the loss to his/her own liability insurer.
Should the loss caused by a motor vehicle under foreign registration, it would be advisable to obtain the name of the liability insurer as well as the insurance policy number of the said vehicle. Should this information be made available, the time required for the settlement of the loss would be much shorter. Furthermore, it is recommended to make an inquiry either at our office or at any of the insurance companies prior to the notification of the loss, whether or not the foreign liability insurer involved, would have a so-called correspondent insurance company appointed to handling and settling claims arising from losses caused in Hungary. If so, then the loss should be reported to this insurance company or to an organization appointed by the said company to handle insurance claims. In such cases, this organization will be acting on behalf of the foreign liability insurer, during the whole process of claim settlement.
In case the foreign insurer does not have a correspondent, then as soon as the loss has been surveyed, the amount of the loss has been established and the necessary documents have been collected, the whole set of documentation would be forwarded onto our office for further handling of the claim.
It is imperative that all relevant information be obtained and all circumstances carefully established on the spot of the accident. The essential information necessary to start the claim settlement process are all included in the so-called (European) Accident Report Form.This is to be completed in full and with reasonable accuracy. One has to bear in mind, that a driver involved in an accident is legally obliged to advise all other people involved in the same accident of the details of the motor vehicle driven by him/her as well as the particulars of the respective liability insurance.
A common problem of claim settlement is, that in most cases of accidents involving a truck & trailer, only the registration number of the trailer is recorded, although the registration number of the truck would be necessary to identify the liable owner. It would be very helpful to record the name of the country where the truck is registered .The reason is that more and more countries are adopting identical or very similar registration numbering systems, especially those states established in the past few years.
The Association of Hungarian Insurance Companies (MABISZ) launched its proprietary digital claim form – accident help service – application in 2019, which is unique on an international level, replacing the traditional “blue-yellow” paper claim form, its virtual version. The MABISZ E-kárbejelentő (E-Claim ReporterApp) was awarded “Website of the Year” in 2019 and “Technology Solution of the Year” in 2021.
The E-kárbejelentő offers a number of extra features over the traditional paper-based report. In the application, it is possible to fill in with pre-filled data, and thanks to the quick identification function, all required data on vehicle and insurance policy details are loaded from a central database by entering two data (registration number and date of birth in the case of an individual; registration number and tax number in the case of a legal entity). The background database is operated by an organization affiliated to the state. The title of data management is regulated by law. The loss report can also be supplemented with images and voice messages, which make it easier to settle the damage and, in some cases, make it unnecessary to inspect the vehicle for damage.
Download the Hungarian-English bilingual E-kárbejelentő quickly and easily from the AppStore or from the Google Pay store, and follow carefully the instructions!
Hungarian Insurance Association
All operators of motor vehicles with a permanent park in Hungary are obliged to take out an insurance policy to cover damage caused during the operation of the vehicle. Compulsory motor insurance (KGFB) is designed to provide increased protection for injured parties and to adequately cover justified claims for damages against the insured as a result of damage caused by the use of a motor vehicle.
Motor insurance is one of the most important forms of insurance we have today. compulsory motor liability insurance (KGFB) can relieve the operator from paying large claims for damage caused to others, while CASCO (Casualty and Collission), for example, provides assistance in the event of damage caused by self-inflicted injuries or theft.
Representation and protection of the interests of the Hungarian insurance profession. In addition, our association considers among its tasks the coordination and management of activities within our members’ common interest such as prevention of damage, education, protection against insurance fraud.
Since the end of the insurance monopoly in Hungary (1986), several insurance companies have been established in the country. The role of state-owned insurance companies was taken over by the newly formed public limited companies and insurance associations. At the same time, there was a radical change in the legal field of insurance, which required companies to concentrate their interests in a professional association.
On November 14. 1990. eight insurance companies founded the Association of Hungarian Insurance Companies (MABISZ).
Until now, the Hungarian insurance companies, insurance associations and the majority of hungarian branches of EU member states’ insurers joined MABISZ.
MABISZ’s activities are divided into two main areas: the professional advocacy activities of the association and the tasks related to third-party insurance.
Advocacy
In the framework of the association’s advocacy activity, the aim of our association is to represent the Hungarian insurance profession and to protect its interests. In addition, our association considers among its tasks the coordination and management of activities within our members’ common interest (eg prevention of damage, education, protection against insurance fraud). The MABISZ’s divisions provide a forum where experts working in common areas can exchange their knowledge. In order to support the research and the work on damage prevention, we are working on a single damage statistics system and several common damage databases.
Being part of the European Union, the Hungarian insurance market is in close contact with EU bodies and other Member States. In order to maintain these relationships, MABISZ is a member of Insurance Europe, a European umbrella organization for insurance associations and keeps in touch with a number of other international organizations.
In the context of MABISZ’s social commitment, it places great emphasis on consumer protection, professional information on insurance and the education of the general public. In this spirit, our website also contains a number of information materials. MABISZ publishes several publications annually to the general public and its members, including the MABISZ Yearbook, as well as a press review (Insurance Review) and a professional journal (Insurance and Risk). The report of MABISZ can be seen here.
Tasks concerning third-party insurances
The MABISZ’s Separated Organization Unit (ESZE) has a statutory mandate for dealing with tasks concerning third-party insurances. Among other things, it handles the Compensation Account which provides compensation to victims who were harmed by vehicles lacking third-party insurance, or in other cases, when the one causing damage is unknown. Also MABISZ ESZE manages the Compensation Fund which role is to compensate people, who had their third-party insurance at insurers becoming insolvent. MABISZ ESZE also operates the Information Center for international claims settlement and the Hungarian Green Card Office. An also known activity is the operation of Central Damage History Registry for registering damages and Bonus-Malus degrees.
Members:
Alexandre Jeanjean
Bacsó Gergely
Daniel Kempchen
Erdős Mihály
Dr.Fedák István
Holló Bence
Dr.Kiss Márk István
Zatykó Péter Iván
Holló Bence
President
Zatykó Péter Iván
Vice-President
Controlling Committee
Colleagues:
Dr. Molnos Dániel Secretary general
Dr. Kerékgyártó Csaba Head of Non-Life Insurance Division
and Head of General Secretariat
Jeney Attila Head of communication
Dr. Farkas Ramón Head of life Insurance Division
Kéri Zsuzsanna Head of Financial Accounting
and Controlling Department
Dr. Svecz Mária Head of Committee
Lencsés Katalin Head of Committee
Dr. Juhász Istvánné Head of Committee
Hortobágyi Katalin Head of IT division
Szilágyi József Head of IT department
Czirók Zsófia Head of Secretariat
Members:
Csata Dénes
Kiss Mariann
Kadocsa Balázs
Varga Krisztián
Lilli Róbert
President
Staff of the Bureau
Szabó Mihály, Head of Motor Claims Division
Dr. Rumi Tamás, Head of International Motor Claims Division
Kéri Zsuzsanna, Finance and Accounting
Tatár Zsolt
Head of Technical and IT Department
Dr. Horváth Zoltán, Chief Legal Officer
Bauer Zoltán, Head of Department
Turi István András, Head of Group
Dr. Varga Kristóf, Head of Group
Domak Gabriella Head of Actuary Group
Babocsai István Head of Internal Audit
Szabó Ágnes Head of Group
Keresztes Róbert Accounting Group Leader
Managing Committee
Dr. Molnos Dániel Secretary general
Szabó Mihály, Head of Motor Claims Division
Dr. Rumi Tamás, Head of International Motor Claims Division
Dr. Láng Géza
Ribényi Ákos
Sándor Pál
Tallárom Tamás
Standing Committees and Commissions:
Sections:
CEO Club
Reelection at the Association of the Hungarian Insurance Companies (2025.03.12.)
On 12 March 2025, the Association of Hungarian Insurance Companies (MABISZ) elected a new eight-member Executive Committee following the expiry of the mandate of the previous Executive Committee.
Mihály Erdős, the current president of the Association, had previously announced that he would not stand for reelection. The members of the Executive Committee elected Bence Holló, the current Deputy Chairman and CEO of NN Biztosító Zrt. as President, and Peter Zatykó, the current CEO of Alfa Vienna Insurance Group Zrt. as the new Deputy Chairman.
“I would like to thank Mihály Erdős for his work at the head of the Association over the past decade and a half as Vice-Chairman and then President, a period of outstanding activity and success in the history of the Hungarian insurance sector. I thank the membership for their trust and support, and my goal is to focus on the challenges ahead in the coming years as President of the Association of Hungarian Insurance Companies,” said Bence Holló, Chairman and CEO of NN Biztosító Zrt. after the election.
Association of the Hungarian Insurance Companies