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.

Conference

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.

Safety Week

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.

Secure Yourself! Competition

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.

Public Procurement Conference

The presentations at this conference are about procuring insurance services and the requirements related to procuring building insurances.

Press releases


Press releases

 

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

Increasing savings, new challenges in the field of digitalisation(2025.03.03.)

Efficient and effective professional cooperation has been established this year between the Association of Hungarian Insurance Companies and Hungarian insurers, which can be built upon in the future – this was said at the executive’s roundtable discussion of the XIV. International Insurance Conference of MABISZ (Assosication of Hungarian Insurance Companies). This year, the largest annual event of the Hungarian insurance sector was dedicated to the role of digitalisation and artificial intelligence in insurance.

As highlighted in its information, in 2024 the total premium income of MABISZ members will reach HUF 1 777 billion. This amount is 12.4 percent higher than the previous year, but in real terms it is roughly the same as in 2018. The number of policies managed by domestic insurers is close to 14 million, an indicator almost 400,000 more than in 2023. The drivers of growth were compulsory motor liability, pension and liability insurance. Unfortunately, the number of CASCO insurance contracts continues to decline, a fact linked to tax regulations and the ageing car population in the country, as the average age of the car population in 2024 was 16.1 years,” the MABISZ President pointed out.

Life insurance market

Last year, non-life premium income increased by 11.2% to HUF 1,077 billion, he continued. As he said, premium income in the life segment grew by 14.4% to HUF 700 billion. In 2024, premium income in the pension insurance segment grew by 15.3%, which means 523,000 insurance contracts, i.e. 30,000 contracts more on a year/year basis. The number of term insurance policies increased by 4.9% and unit-linked by 0.4%, while the number of mixed life insurance policies decreased by 11.6%. Premium income from personal property insurance increased by 14%, and KGFB policies also generated 13.6% more premiums in 2024, Mihály Erdős said.Although the president of MABISZ says that the term “claims expenditure” is unfortunate in the life insurance sector, the accepted professional definition is that the sector as a whole made 9.6% more claims payments than in the previous year. The life area saw an increase of 3.9%, while the non-life area grew by 16.1%, Mihály Erdős summarised.

Housing insurance and the property market

As far as the housing insurance market is concerned, the MABISZ President stressed that during the last campaign, the number of contracts, according to members’ data, remained practically unchanged, and in fact, on a year/year basis, the number decreased by 1152 contracts. However, there was a visible increase in the stock premium and the average premium: if the MFO (Certified Customer-friendly Home Insurance) indicator is taken into account, the increase was 12.6%, while without the MFO(Certified Customer-friendly Home Insurance) indicator, the increase was 13.3%. This increase is in line with the increase in the construction price index, which was 15.9% and is the benchmark for indexation. According to Mihály Erdős, last year’s campaign contributed to the near doubling of the MFO(Certified Customer-friendly Home Insurance) index, which now accounts for 2.7% of the total stock of 3.3 million.As President of MABISZ, he reminded that the Association of Hungarian Insurance Companies considers it of the utmost importance that during the campaign all customers who cancel their home insurance should take out a new policy and not be left without cover. And when choosing an insurer, the Association recommends that customers should review not only the price but also the content of the services. In this year’s housing campaign, the Association is particularly calling on customers to ensure that when installing new technologies or, where appropriate, increasing the floor area, homeowners also provide adequate cover for these new risks. It is also important to take account of the price rises in the property market when updating contracts.

Liability insurance policy

The President of MABISZ drew attention to the issue of contractors’ liability insurance, which currently affects around 108,000 construction contractors. All domestic construction or design companies and sole traders must have compulsory contractors’ liability insurance. According to a survey by MABISZ, based on the volume of insurance policies taken out by its member insurers, they have already achieved almost 100% coverage in this area, thanks to the efforts of, among others, insurance professionals and insurance intermediaries.

Extra profit tax

Last year, the Hungarian insurance sector paid HUF 240 billion to the budget in the form of insurance and extra profit tax, 13.52% of their premium income and HUF 27 billion more than the amount of tax the sector will pay in 2023. According to Mihály Erdős, MABISZ was pleased to note that, by accepting the Association’s proposals, the extra profit tax could be reduced in 2025 in line with the government’s decision to reduce the extra profit tax in a similar but proportionally larger way to the banking sector.In the case of buying government bonds, the extra profit tax can be reduced by 30 percent of the purchase price. This amount can be reduced up to 100% for life insurance and up to 40% for non-life insurance. The Association of Hungarian Insurance Companies’s forecasts that the expected tax burden on the sector from insurance tax and extra profit tax this year will be around HUF 216 billion, or 11% of the sector’s expected premium income, taking advantage of the possibility to buy government securities this year.

Ethical life 2.0 EU Regulation

MABISZ is proactively preparing for the introduction of the Ethical Life 2.0 regulation, which will partially come into force on 1 July, with the aim of increasing consumer confidence in investment products. I am personally convinced that with the transposition of the Ethical Life 2.0 EU regulation, the Hungarian life insurance sector will become one of the most regulated and transparent sectors of the Hungarian economy,” said Mihály Erdős at the annual press conference of the MABISZ President.

Association of the Hungarian Insurance Companies

MABISZ launched its housing insurance campaign – Not only the premium, but also the risks assumed in the contract are important (26.02.2025)

Regarding its social responsibility to raise awareness of the insurance sector, the Association of Hungarian Insurance Companies has launched its housing insurance campaign again this year. In line with its tradition, MABISZ is again using a competitive, neutral campaign to draw the attention of all property owners to the importance of having adequate home insurance for their property and to avoid underinsurance by insurance companies’ customers.

Association of the Hungarian Insurance Companies

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.

Recommendation
How to reduce the risk of fire and accidents on construction sites using mobile wireless fire detection, signalling and alarm equipment
June 4th, 2018

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.

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.

Yearbooks


Yearbooks

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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