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Life Insurance in Hungary

  • January 2014
  • -
  • MarketLine
  • -
  • 38 pages

Introduction


Life Insurance in Hungary industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2008-12, and forecast to 2017). 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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights


*The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2012 annual average exchange rates. 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 not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

*The Hungarian life insurance market had total gross written premiums of $1.8bn in 2012, representing a CARC of -3.4% between 2008 and 2012.

*The Life insurance segment was the market's most lucrative in 2012, with total gross written premiums of $1.8bn, equivalent to 99% of the market's overall value.

*The performance of the market is forecast to decline further but with a slower pace, with an anticipated CARC of -1.6% for the five-year period 2012 - 2017, which is expected to drive the market to a value of $1.6bn by the end of 2017.

Features


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

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

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

Add weight to presentations and pitches by understanding the future growth prospects of the Hungary life 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 life insurance market by value in 2012?

What will be the size of the Hungary life insurance market in 2017?

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

How has the market performed over the last five years?

Who are the top competitiors in Hungary's life insurance market?

Table Of Contents

Life Insurance in Hungary
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
Allianz Group 19
Assicurazioni Generali S.p.A. 25
Groupama S.A. 28
ING GROEP N.V. 29
Macroeconomic Indicators 34
Country Data 34
Appendix 36
Methodology 36
Industry associations 37
Related MarketLine research 37

LIST OF TABLES

Table 1: Hungary life insurance market value: $ billion, 2008-12 8
Table 2: Hungary life insurance market category segmentation: $ billion, 2012 9
Table 3: Hungary life insurance market geography segmentation: $ billion, 2012 10
Table 4: Hungary life insurance market share: % share, by value, 2012 11
Table 5: Hungary life insurance market value forecast: $ billion, 2012-17 12
Table 6: Allianz Group: key facts 19
Table 7: Allianz Group: key financials ($) 22
Table 8: Allianz Group: key financials (€) 22
Table 9: Allianz Group: key financial ratios 23
Table 10: Assicurazioni Generali S.p.A.: key facts 25
Table 11: Assicurazioni Generali S.p.A.: key financials ($) 26
Table 12: Assicurazioni Generali S.p.A.: key financials (€) 26
Table 13: Assicurazioni Generali S.p.A.: key financial ratios 26
Table 14: Groupama S.A.: key facts 28
Table 15: ING GROEP N.V.: key facts 29
Table 16: ING GROEP N.V.: key financials ($) 31
Table 17: ING GROEP N.V.: key financials (€) 32
Table 18: ING GROEP N.V.: key financial ratios 32
Table 19: Hungary size of population (million), 2008-12 34
Table 20: Hungary gdp (constant 2000 prices, $ billion), 2008-12 34
Table 21: Hungary gdp (current prices, $ billion), 2008-12 34
Table 22: Hungary inflation, 2008-12 35
Table 23: Hungary consumer price index (absolute), 2008-12 35
Table 24: Hungary exchange rate, 2008-12 35

LIST OF FIGURES

Figure 1: Hungary life insurance market value: $ billion, 2008-12 8
Figure 2: Hungary life insurance market category segmentation: % share, by value, 2012 9
Figure 3: Hungary life insurance market geography segmentation: % share, by value, 2012 10
Figure 4: Hungary life insurance market share: % share, by value, 2012 11
Figure 5: Hungary life insurance market value forecast: $ billion, 2012-17 12
Figure 6: Forces driving competition in the life insurance market in Hungary, 2012 13
Figure 7: Drivers of buyer power in the life insurance market in Hungary, 2012 14
Figure 8: Drivers of supplier power in the life insurance market in Hungary, 2012 15
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Hungary, 2012 16
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Hungary, 2012 17
Figure 11: Drivers of degree of rivalry in the life insurance market in Hungary, 2012 18
Figure 12: Allianz Group: revenues and profitability 23
Figure 13: Allianz Group: assets and liabilities 24
Figure 14: Assicurazioni Generali S.p.A.: revenues and profitability 27
Figure 15: Assicurazioni Generali S.p.A.: assets and liabilities 27
Figure 16: ING GROEP N.V.: revenues and profitability 33
Figure 17: ING GROEP N.V.: assets and liabilities 33

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