HUNGARY: LESS THAN 20% OF HUNGARIANS HAVE AN ACCIDENT INSURANCE POLICY

Only 10 – 20% of Hungarians have accident Insurance over, compared to most European Countries with about 80%. The low penetration leaves about 8 million Hungarians uninsured for accident risk. By the end of 2017, the total number of accident Insurance policies in force was 611,828 according to the official statistical data provided by market authority of the Central Bank.

The number shows that about 1.5% decrease in the total volume of valid contracts in force as at last year as compared with the previous year when there were over 620 thousand active Policies.

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