HUNGARY: 2019 SUMMER STORMS CAUSED EUR 12 MILLION IN HOUSEHOLDS PROPERTY DAMAGE

In terms of summer storms losses, 2019 was an average year for Hungarian insurers. As the latest Association of Hungarian Insurance Companies (MABISZ) analysis shows, local insurers paid around HUF 4.1 billion (~ EUR 12 million) in households claims related to weather events, between May 1st – August 31st.

This summer, Hungarian insurers received nearly 100,000 notifications related to household storm damage, three times more than for the same period of 2018 (excluding property claims from agriculture, businesses, industrial facilities and public institutions).

For the past decade, the summer of 2010 continues to remain the most costly year for insurers, regarding storm damages. For the period of May-August 2010, Hungarian insurers paid a total amount of HUF 30 billion (~ EUR 90 million) for homeowners…

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