The Generali Group in Hungary is one of the market’s top two insurance provider with a market share of 16.9%.
€ 522.3 mln
With a market share of 16.9% in 2021 based on total direct GWP from the Hungarian National Bank (MNB) statistics, the Hungarian Generali Group – including Generali Biztosító, Genertel and European Travel Insurer – is one of the biggest player of the Hungarian insurance market. Due to its innovative business attitude and responsible financial management, the company boasts the trust of more than 1,000,000 clients. Generali operates with more than 1,300 employees and around 1,400 tied agents. The Hungarian Generali Group confirmed its stability while achieving growth in Life and in the P&C insurance segments.
The Group recorded 10.6% growth of gross written premiums amounting to €522.3 million in total. In the P&C segment GWP amounted to €366.5 million (+11%) and in Life to €155.9 million with 9.7% growth (+9.2% regular premium, +42.4% single premium).