Life insurers fear saturation as policies in force remain static

While life premiums continued their ascent, the number of policies stayed at 3.3m • Groupama buys OTP insurance subsidiary

The end-year assessment by PSZAF, Hungary’s financial sector supervisor, found the Hungarian insurance market in good form, with capital adequacy put at 266% (of the minimum 100%) for life business and 218% for non-life business. Both sectors of the market increased the proportion of business passed to reinsurers which rose from 20.0% to 20.7% for non-life and for life it was up from 7.0% to 7.8%.