Non-Life Insurance in Hungary

Non-Life Insurance in Hungary industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Hungary non-life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2013 annual average exchange rates.

The Hungarian non-life insurance market is forecast to generate total gross written premiums of $1.6bn in 2014, representing a compound annual rate of change (CARC) of -1.7% between 2010 and 2014.

The property segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $0.7bn, equivalent to 41.4% of the market's overall value.

The performance of the market is forecast to decline further but at a slower pace, with an anticipated CARC of -0.6% for the five-year period 2014 – 2019, which is expected to drive the market to a value of $1.6bn by the end of 2019.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Hungary

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Hungary

Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Hungary non-life insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Hungary economy

Reasons to buy

What was the size of the Hungary non-life insurance market by value in 2014?

What will be the size of the Hungary non-life insurance market in 2019?

What factors are affecting the strength of competition in the Hungary non-life insurance market?

How has the market performed over the last five years?

Companies mentioned

AEGON N.V., Allianz Group, Assicurazioni Generali S.p.A. and Groupama S.A.

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 8

Market value 8

Market Segmentation 9

Category segmentation 9

Geography segmentation 10

Market share 11

Market Outlook 12

Market value forecast 12

Five Forces Analysis 13

Summary 13

Buyer power 14

Supplier power 15

New entrants 16

Threat of substitutes 17

Degree of rivalry 18

Leading Companies 19

AEGON N.V. 19

Allianz Group 22

Assicurazioni Generali S.p.A. 25

Groupama S.A. 28

Macroeconomic Indicators 31

Country Data 31

Methodology 33

Industry associations 34

Related MarketLine research 34

Appendix 35

About MarketLine 35

LIST OF TABLES

Table 1: Hungary non-life insurance market value: $ million, 201014(e) 8

Table 2: Hungary nonlife insurance market category segmentation: $ million, 2014(e) 9

Table 3: Hungary nonlife insurance market geography segmentation: $ million, 2014(e) 10

Table 4: Hungary non-life insurance market share: % share, by value, 2014(e) 11

Table 5: Hungary non-life insurance market value forecast: $ million, 201419 12

Table 6: AEGON N.V.: key facts 19

Table 7: AEGON N.V.: key financials ($) 20

Table 8: AEGON N.V.: key financials (€) 20

Table 9: AEGON N.V.: key financial ratios 20

Table 10: Allianz Group: key facts 22

Table 11: Allianz Group: key financials ($) 23

Table 12: Allianz Group: key financials (€) 23

Table 13: Allianz Group: key financial ratios 23

Table 14: Assicurazioni Generali S.p.A.: key facts 25

Table 15: Assicurazioni Generali S.p.A.: key financials ($) 26

Table 16: Assicurazioni Generali S.p.A.: key financials (€) 26

Table 17: Assicurazioni Generali S.p.A.: key financial ratios 26

Table 18: Groupama S.A.: key facts 28

Table 19: Groupama S.A.: key financials ($) 29

Table 20: Groupama S.A.: key financials (€) 29

Table 21: Groupama S.A.: key financial ratios 29

Table 22: Hungary size of population (million), 201014 31

Table 23: Hungary gdp (constant 2005 prices, $ billion), 201014 31

Table 24: Hungary gdp (current prices, $ billion), 201014 31

Table 25: Hungary inflation, 201014 32

Table 26: Hungary consumer price index (absolute), 201014 32

Table 27: Hungary exchange rate, 201014 32

LIST OF FIGURES

Figure 1: Hungary non-life insurance market value: $ million, 201014(e) 8

Figure 2: Hungary nonlife insurance market category segmentation: % share, by value, 2014(e) 9

Figure 3: Hungary nonlife insurance market geography segmentation: % share, by value, 2014(e) 10

Figure 4: Hungary non-life insurance market share: % share, by value, 2014(e) 11

Figure 5: Hungary non-life insurance market value forecast: $ million, 201419 12

Figure 6: Forces driving competition in the non-life insurance market in Hungary, 2014 13

Figure 7: Drivers of buyer power in the non-life insurance market in Hungary, 2014 14

Figure 8: Drivers of supplier power in the non-life insurance market in Hungary, 2014 15

Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Hungary, 2014 16

Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Hungary, 2014 17

Figure 11: Drivers of degree of rivalry in the non-life insurance market in Hungary, 2014 18

Figure 12: AEGON N.V.: revenues & profitability 21

Figure 13: AEGON N.V.: assets & liabilities 21

Figure 14: Allianz Group: revenues & profitability 24

Figure 15: Allianz Group: assets & liabilities 24

Figure 16: Assicurazioni Generali S.p.A.: revenues & profitability 27

Figure 17: Assicurazioni Generali S.p.A.: assets & liabilities 27

Figure 18: Groupama S.A.: revenues & profitability 30

Figure 19: Groupama S.A.: assets & liabilities 30

List of Tables

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List of Figures

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