Hungary Insurance Market Analysis and Growth Report, 2018
Hungary Insurance Market Analysis and Growth Report, 2018
Description:

Report Summary:

researchFOLKS’ ’‘Hungary Insurance Market Analysis” report offers a retrospective analysis of trends and events occurred in the industry in the recent few years with forward looking statements and also a comprehensive view on the impact of growing customer data volume and technology adoption in the industry. The report also provides accurately validated market statistics of both life and non-life segments along with the future projections till 2022. 

Technology, connectivity and internet usage has revolutionized the industry and offering huge growth opportunities for the insurers, which is encouraging them to pursue innovation with data and technology providers in order to improve their capabilities and product offerings. However, this has created evolving risks from cyber threats. In our report, we pinpoint how the insurers are responding to changing technology landscape and addressing cyber related issues in greater detail.

Our report also touches on various innovative distribution channels adopted by insurers, market growth drivers, emerging technologies in the market and industry benchmarking with other peer countries and their relative market positioning for both life and non-life business segments. In addition, the report also touches on regulatory framework, and broader implications of regulatory policy changes on insurance market.

Insurance Market in Hungary - Highlights of the report:

Contrast to the life insurance market of Europe, the unit-linked category accounted for the high portion of Hungarian life insurance segment. Unit-linked products contributed almost more than half of Hungary's total insurance premium income in 2016. The non-life insurance segment was commandeered by property and vehicle insurance with a market share of 83%.

The insurance density of Hungary was almost seven times less than the average European insurance density, and the insurance penetration is also way beyond the market average of the continent. The financial crisis had a great impact on the insurance industry, which has started recovering with the modifications in the regulatory framework and improved distribution channels.

The adoption of information technology in the business process, new CRM systems to improve customer and agent interactions, and data analytics to identify the needs of customers and offer tailored products are the emerging trends in the insurance industry of Hungary to improve the performance and cost-efficiency of the operations.

List of Companies mentioned in the report:

    • NN Biztosito
    • Groupama Biztosito
    • Allianz Hungaria
    • Generali Biztosito
    • Aegon Magyarorszag
    • Uniqa
    • AXA Schengen

Scope of the report:

    • The overview of insurance industry market and comprehensive analysis of the market drivers
    • It provides conventional and contemporary information about insurance market and predictions till 2022
    • It details the emerging technologies and various distribution channels adopted by insurers to improve the customer base and their economic, regional and business impact on the overall industry
    • Opportunities presented by Insurtech startups to the insurers, investment in Insurtech companies and key trends to watch in Insurtech market
    • Detailed information about existing market leaders, their strategies and government policies driving insurance market

Key Questions answered by the report:

    • What is the penetration rate of life and non-life insurance business segments; and the futuristic overview?
    • Who are the leading insurers in the market and what strategies they are adopting to maintain leadership positions?
    • What are the growth opportunities provided by the alternative distribution channels to the insurance market?
    • How are the emerging technologies and new product launches affecting the local insurers of the country?

Reasons to purchase this report:

    • Enhance the decision-making with the comprehensive information about trends, conventional statistics, and forecast for next five years
    • Understand the competitive landscape in the insurance industry and their marketing strategies
    • Unfold hidden growth opportunities with the use of data about emerging transitions in the market and customer transactional behaviors
    • Broaden the insight about regulatory policies and frameworks that impact insurance industry market
Table of Contents:

1. Definitions

2. Research Methodology

2.1 Research Process

2.1.1 Market Sizing

2.1.2 Competitor Analysis

2.1.3 Market Forecasting

2.1.4 Quality Control Process

3. Executive Summary

4. Industry Benchmarking with Peer Countries

5. Market Attractiveness

6. Regulatory Framework

7. SWOT Analysis

8. Porter’s Five Forces Analysis

9. InsurTech Landscape

10. Industry Enablers/Growth Drivers

11. Market analysis by business segment

12. Market Analysis by Distribution Channels

13. Key Industry Developments

14. Industry Outlook

15. Key Operators in the Market – Company Profiles

16. Appendix

16.1 Industry Stats

License

This is a single user license,allowing one specific user access to the product.

$1500.0
*Electronic PDF/PPT copy delivered via email.