The main objective of our association
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
Szabóné Zeke 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:
- Health, Accident and Underwriting Committee
- Medical Underwriting Commission
- Travel Insurance Commission
- Life Insurance Committee
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Motor Insurance Committee
- Motor Claim Settlement Commission
- Communications Committee
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Poperty Insurance Committee
- Liability Insurance Commission
- Industrial and Technical Insurance Commission
- Homeowners’ and SMEs’ Insurance Commission
- Agricultural Insurance Commission
- Cargo Insurance Commission
- Property Safety and Lost Prevention Commission
- Business Committee
Sections:
- Actuarial Section
- Internal Audit Section
- CFO Szekció
- HR Section
- IT Section
- Legal Section
- Financial Section
- Oktatási Szekció
CEO Club
Insurance news
Insurance Review (Biztosítási Szemle)
“Insurance Review” (biztositasiszemle.hu) online magazine is published by the Association of Hungarian Insurance Companies.
“Biztositasiszemle.hu” online newspaper is published by the Association of Hungarian Insurance Companies (MABISZ). All rights reserved to copy and distribute any part of the newspaper. The news and notices of “Biztositasiszemle.hu” may be used exclusively with reference to “Biztositasiszemle.hu”, where the reference is in the form “Biztositasiszemle.hu online insurance journal.” The editorial staff of “Biztositasiszemle.hu” obtains all data, information and news posted on the portal from reliable and verifiable sources. The publisher makes every effort to verify the data and information before publication, but MABISZ excludes any liability for damages resulting from any untruth or inaccuracy of the information published on the site.
It can be accessed here:
Events
Events
The Association also seeks to demonstrate the individual and social benefits of insurance through large-scale events.
The MABISZ Conference is one of the most important events of the insurance companies in Hungary. One of MABISZ’s initiatives is the ‘Safety week’ for drawing attention to the safety of children and every other passenger. The ‘Secure yourself’ is a competition to sensitize the population, especially young people on the subject of insurances.
The annual international conference of the Association of Hungarian Insurer Companies is one of the most prominent event of the Hungarian insurance industry. The focus of the conference is always the customer service, the latest trends and the presentation of challenges. In addition, the event is also a special meeting for the sector’s decision-makers.
In 2017, at the initiative of MABISZ, a road safety and insurance themed week, called Safety Week was launched.
MABISZ co-organize the week with the National Accident Prevention Committee of the National Police Headquarters (ORFK-OBB). MABISZ cooperates with a number of organizations in connection with the themed week.
The competition targets the young generation, it aims to sensitize their interest in the insurance industry and to strengthen the relationship between the university students and the sector.
The event is organized by Case Solvers, which is itself a youthful company. They want to train the youngsters in a many-sided, problem-oriented way.
The presentations at this conference are about procuring insurance services and the requirements related to procuring building insurances.
Prevention, risk management
Prevention, risk management
Thunderstorms, lightning, fires: every day, businesses and homes are exposed to a variety of threats. Our recommendations, which you can find out more about on our subpages, highlight the importance of damage prevention and how to reduce the risks.
How to reduce the risk of fire and accidents on construction sites using mobile wireless fire detection, signalling and alarm equipment
It is the mutual interest of the stakeholders of construction works (principally clients, investors, builders, general contractors, health & safety and fire safety engineers and experts) and insurers to minimize the potential damages caused by fire, hazards and accidents and to protect human life on construction sites. This objective encourages those involved in construction and renovation works to adhere to reasonable preventative measures. Through this guideline, the Association of Hungarian Insurance Companies seeks to reduce the risk of fire and the risk of emergencies requiring evacuation for other reasons, by introducing appropriate systems in accordance with the guidelines of the European Union and Hungarian regulations.
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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.
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.
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.
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.
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.
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.
In the event of an unexpected illness or operation, health insurance provides financial assistance or organises professional care, according to the client’s choice.
The consequences of an unexpected accident can be very serious and prolonged. Accident insurance provides financial assistance in such cases.
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.
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. |
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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.
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E-mail for general information (English/Hungarian):
Publications
Publications
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.
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.
The Association of Hungarian Insurance Companies – in accordance with the law – publishes its annual reports (available only in Hungarian).