Market highly profitable despite slowdown in premium growth rates

The main reason for last year's slow-down in premium growth rates was the performance of the agricultural insurance sector where premium income declined due to the elimination of government subsidies for this class of business

Market highly profitable despite slowdown in premium growth rates

Hungary's first year of full membership of the European Union impacted very little on the country's insurance market, as Hungary had been opened to foreign insurance companies for 15 years already.