Business

Contractor’s property and liability insurance

Contractor’s property and liability insurance covers a wide range of risks, whether it is transport or construction. On our website, we provide insurance expertise to help you choose the right insurance for your business, identify the assets that can be insured and the perils and risks covered. Carefully chosen insurance – security for your business.

Transport insurance

Protecting the cargo is in the interest of the owner of the goods, the freight forwarder and the carrier. Insurance cover is a means of compensating for damage caused during transport and of assuming the liability of the person responsible for the damage caused.

Liability insurance for asset protection companies

The existence of a liability insurance contract is a legal requirement for the activity of asset protection companies. Our guide provides the most important information on liability insurance for this activity in Hungarian language.

What is liability insurance for?

The purpose of liability insurance is to compensate you or your company for damage caused to others, if you are legally obliged to do so. You can find out more about the types of liability insurance, the risks involved and useful advice on how to take out a policy on our website in Hungarian language.

Information leaflet on property and technical insurance

The technical information in the leaflet will help businesses before and during the insurance period, and insurance intermediaries to find the most appropriate insurance for their customers’ needs and to tailor the insurance conditions. Currently the leaflet is available in Hungarian language.

Information on underinsurance

Underinsurance is when the value of the insured property exceeds the sum insured. In such a case, following a claim, the insurance does not cover the value of the property according to the chosen valuation method. In case of underinsurance, the insurer is obliged to compensate the loss in proportion to the value of the insured property. This is the pro rata compensation.

Other residential

Other residential insurance policies

It is important not to be financially vulnerable in unexpected situations. Personal insurance provides financial assistance or other services in the event of an accident or illness. These personal insurance policies are available as a stand-alone product or as supplementary cover to life insurance policies.

Health insurance

In the event of an unexpected illness or operation, health insurance provides financial assistance or organises professional care, according to the client’s choice.

Accident insurance

The consequences of an unexpected accident can be very serious and prolonged. Accident insurance provides financial assistance in such cases.

General insurance for children and accidents

All Hungarian citizens aged between 3 and 18 who are permanently resident in Hungary are covered by state-funded accident insurance. However, this is only limited cover and is not a substitute for wider insurance cover.

Life and Pension

Life and Pension

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.


Types of life insurances

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

Term life insurance provides financial help in unexpected situations, to replace income when it is needed most.


Classic mixed

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

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

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

Annuity insurance aims to make retirement more predictable by providing a regular monthly income from retirement to the end of life.

Home

Home insurance

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.


Housing Insurance Guide

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.


Security

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 information

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.

Motor insurance

Motor insurance

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.

Reports


Reports

Yearbooks


Yearbooks

Connections and Members


Connections and Members

Member companies
Partner members
Reference System

The Hungarian Dependent and Independent Insurance Brokers’ Reference System is a recurring letter system for maintaining the operation of high-quality insurance brokers and for helping their survival on the market.

The system operates with the voluntary participation of insurance companies and independent insurance brokers.

International Relations

Insurance Europe (CEA)

Insurance Europe (formerly CEA *) is the “top association” which collects national insurance associations. It was founded in 1953 in Paris. MABISZ has been an associate member since 1992, and since 1998 it is a regular member of the organization. The goals of Insurance Europe include:

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Council of Bureaux (CoB)

In Europe, in the advanced motorized countries, they made compulsory the insurances covering damages caused by motor vehicles between the two world wars. After the war, one of the first aims of the ruined continent was to make sure, that the victim of a road accident is not disadvantaged, if the accident was caused by a foreign car.

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Presse Internationale des Assurances (PIA)

Our association – as the publisher of the Insurance Review – is a member of the international organization of insurance journals. The organization was founded in 1954 in Paris. The PIA currently has 18 permanent and 8 correspondent members, the scope of the organization is limited to Europe.

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Association International de Droit des Assurances (AIDA)

The international organization brings together insurance lawyers.

At the end of November 2006, the IX. AIDA Budapest Insurance Seminar was held in Budapest. The theme of the international conference, which is held in every two year, was “New trends in the legal regulation of insurance contract law”.

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International Committee of Life Insurance Medicine (ICLAM)

The insurance doctor is not only a healing specialist, but it plays an important role in insurances and on the market. Its activity connects to the establishment and operation of the insurance system in 3 main points.

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Frontier Insurance


Frontier Insurance

According to Directive 2009/103/EC (Motor Insurance Directive) and Act LXII of 2009  on Insurance Against Civil Liability in Respect of the Use of Motor Vehicles, every vehicle normally based in the territory of a third (non-EEA) 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 relevant laws.

The territorial scope of the frontier insurance policy extends beyond the territory of Hungary to the whole territory of the European Economic Area and Switzerland.

Currently it is possible to purchase frontier insurance policies at the designated branches of Allianz Hungária Zrt. The policy is valid for a period of 30 days, which can be extended if necessary. Claims settlement is performed by the National Bureau operated by MABISZ. 

The current premiums for frontier insurance are available on this page.

To conclude the contract and obtain a Green Card, please contact one of the Allianz offices below:

 

1102 Budapest, Kőrösi Csoma Sándor út 40. Telefon: + 36 30 407 0492
1133 Budapest, Kárpát u. 40. , Telefon: +36 20 926 4349
2837 Vértesszőlős, Határ út 1-3.
3200 Gyöngyös, Petőfi S. út 5.
4400 Nyíregyháza, Vay Ádám krt. 12.
4600 Kisvárda, Szent László u. 32.
4800 Vásárosnamény, Szabadság tér 6.
4900 Fehérgyarmat, Petőfi u. 2-4.
6721 Szeged, Csongrádi sugárút 12.
7200 Dombóvár, Pannónia utca 41. fsz.1.
7632 Pécs, Testvérvárosok tere 2/1
8800 Nagykanizsa, Király utca 29.

IMPORTANT INFORMATION FOR MOTORISTS ENTERING HUNGARY FROM UKRAINE

As a provisional and extraordinary measure to facilitate the entry of refugees to Hungary, the Managing Board of MABISZ has decided to put a significant discount on the frontier insurance premium of personal cars normally based in Ukraine. The discounted premium was in applicable between 03/03/2022 and 31/07/2022.   

The most convenient way for entering the territory of Hungary with Ukrainian registered vehicles is to take out insurance with one of the Ukrainian insurance companies that issue a Green Card. This is possible also online.

Lacking a Ukrainian Green Card, it is still possible to purchase Hungarian frontier insurance according to the general rules described above. 

In case a motorist intends to operate a Ukrainian registered vehicle in Hungary for a longer period of time, it is recommended to register the vehicle in Hungary with a Hungarian license plate and insure it with Hungarian insurance companies.

ВАЖЛИВА ІНФОРМАЦІЯ ДЛЯ АВТОМОБІЛІСТІВ, ЩО В’ЇЗДЯТЬ В УГОРЩИНУ З УКРАЇНИ

Як тимчасовий і надзвичайний захід для полегшення в’їзду біженців до Угорщини, Правління MABISZ вирішило зробити значну знижку на страхову премію прикордонного страхування особистих автомобілів, які зазвичай перебувають в Україні. Знижена премія діяла з 03.03.2022 по 31.07.2022.

Найзручнішим способом в’їзду на територію Угорщини на автомобілях з українською реєстрацією є оформлення страховки в одній з українських страхових компаній, які видають Зелену карту. Це можливо також онлайн.

Без української зеленої карти все ще можна придбати страховку на кордоні Угорщини за загальними правилами, описаними вище.

У випадку, якщо автомобіліст має намір експлуатувати транспортний засіб з українською реєстрацією в Угорщині протягом тривалого часу, рекомендується зареєструвати транспортний засіб в Угорщині на угорських номерах і застрахувати його в угорських страхових компаніях.

 

E-mail for general information (English/Hungarian):

ugyfelszolgalat@allianz.hu

info@mabisz.hu

 

Publications


Publications

Yearbooks

The Hungarian Insurance Companies’ Yearbooks are prepared based on our members’ annual financial data. The goal of these Yearbooks is to provide information about the insurance companies’ annual results and to allow the reader to compare the industry’s trends and indicators historically.

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Reports

Since Q3 2000 on a quarterly and since 2017 on an annual basis, the Association of Hungarian Insurance Companies collects key data of the Hungarian insurance market and displays them on its website. Such key data are premium income by insurance type / major product categories and by company, and total premiums by insurance type, annual claim expenditure, closing portfolio and portfolio premiums.

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Annual reports

The Association of Hungarian Insurance Companies – in accordance with the law – publishes its annual reports (available only in Hungarian).

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