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Insurance in Hungary

Published: November 2012 · Publisher: MarketLine
Insurance in Hungary industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016).
Report Type Industry Profiles
Language English
Format Electronic (PDF)
Pages35
Frequency Updated Annually
Availability Will be emailed within 1 business day
Reference No. 0109-2281
Price € 259,00
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Introduction

Insurance in Hungary industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.

*The Hungarian insurance market had total gross written premiums of $4 billion in 2011, representing a compound annual rate of change (CARC) of -3.1% between 2007 and 2011.

*The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $2.2 billion, equivalent to 55.3% of the market's overall value.

*The performance of the market is forecast to accelerate, with an anticipated CAGR of 2% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $4.4 billion by the end of 2016.

Features

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

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

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

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

Macroeconomic indicators provide insight into general trends within the Hungary economy

Key Questions Answered

What was the size of the Hungary insurance market by value in 2011?

What will be the size of the Hungary insurance market in 2016?

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

How has the market performed over the last five years?

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TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 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 Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
Allianz Group 18
Assicurazioni Generali S.p.A. 22
Groupama S.A. 25
ING Groep N.V. 28
Macroeconomic Indicators 31
Country Data 31
Appendix 33
Methodology 33
Industry associations 34
Related research 34

LIST OF TABLES
Table 1: Hungary insurance market value: $ billion, 2007–11 8
Table 2: Hungary insurance market category segmentation: $ billion, 2011 9
Table 3: Hungary insurance market geography segmentation: $ billion, 2011 10
Table 4: Hungary insurance market value forecast: $ billion, 2011–16 11
Table 5: Allianz Group: key facts 18
Table 6: Allianz Group: key financials ($) 19
Table 7: Allianz Group: key financials (€) 19
Table 8: Allianz Group: key financial ratios 20
Table 9: Assicurazioni Generali S.p.A.: key facts 22
Table 10: Assicurazioni Generali S.p.A.: key financials ($) 23
Table 11: Assicurazioni Generali S.p.A.: key financials (€) 23
Table 12: Assicurazioni Generali S.p.A.: key financial ratios 23
Table 13: Groupama S.A.: key facts 25
Table 14: Groupama S.A.: key financials ($) 26
Table 15: Groupama S.A.: key financials (€) 26
Table 16: Groupama S.A.: key financial ratios 26
Table 17: ING Groep N.V.: key facts 28
Table 18: ING Groep N.V.: key financials ($) 29
Table 19: ING Groep N.V.: key financials (€) 29
Table 20: ING Groep N.V.: key financial ratios 29
Table 21: Hungary size of population (million), 2007–11 31
Table 22: Hungary gdp (constant 2000 prices, $ billion), 2007–11 31
Table 23: Hungary gdp (current prices, $ billion), 2007–11 31
Table 24: Hungary inflation, 2007–11 32
Table 25: Hungary consumer price index (absolute), 2007–11 32
Table 26: Hungary exchange rate, 2007–11 32

LIST OF FIGURES
Figure 1: Hungary insurance market value: $ billion, 2007–11 8
Figure 2: Hungary insurance market category segmentation: % share, by value, 2011 9
Figure 3: Hungary insurance market geography segmentation: % share, by value, 2011 10
Figure 4: Hungary insurance market value forecast: $ billion, 2011–16 11
Figure 5: Forces driving competition in the insurance market in Hungary, 2011 12
Figure 6: Drivers of buyer power in the insurance market in Hungary, 2011 13
Figure 7: Drivers of supplier power in the insurance market in Hungary, 2011 14
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Hungary, 2011 15
Figure 9: Factors influencing the threat of substitutes in the insurance market in Hungary, 2011 16
Figure 10: Drivers of degree of rivalry in the insurance market in Hungary, 2011 17
Figure 11: Allianz Group: revenues & profitability 20
Figure 12: Allianz Group: assets & liabilities 21
Figure 13: Assicurazioni Generali S.p.A.: revenues & profitability 24
Figure 14: Assicurazioni Generali S.p.A.: assets & liabilities 24
Figure 15: Groupama S.A.: revenues & profitability 27
Figure 16: Groupama S.A.: assets & liabilities 27
Figure 17: ING Groep N.V.: revenues & profitability 30
Figure 18: ING Groep N.V.: assets & liabilities 30
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