Key Market Indicators
In 2021, Hungary ranked 38th in the world in terms of insurance spending, with Peru coming in ahead with €844.36 million. The United Kingdom, Japan, and Germany respectively ranked 2nd, 3rd, and 4th in this ranking. Gross Written Premium (GWP) in Hungary is projected to reach $4.02 billion by 2026, up from $3.77 billion in 2021. This amounts to a year-on-year growth rate of 0.8% on average since 1997. Hungary currently sits at 38th in the world ranking, with Peru at 37th with $3.77 billion. The United Kingdom, Japan, and Germany hold the top three spots. Insurance Spending in Hungary is expected to total €935.19 million by 2026, up from €844.36 million in 2021. This works out to an average of 1.4% year-on-year growth since 2000. Hungary currently stands at 38th in the world rankings, with Peru ahead of them at 37th with €844.36 million. The United Kingdom, Japan, and Germany hold the top three spots.
