Multiple Insurance Firms Pledge Premiums Freeze in Hungary

  • 9 May 2025 10:07 AM
Multiple Insurance Firms Pledge Premiums Freeze in Hungary
Several insurance firms have announced that they will be freezing premiums on home insurance policies in response to a request from the National Economy Ministry.

Allianz Hungaria said that for new home insurance contracts signed by private individuals with a risk bearing start date between July 1, 2025 and June 30, 2026, the premium of the contracts will not exceed the premium level in force at Allianz on December 31, 2024, provided that the conditions remain unchanged, until June 30, 2026.

Allianz said that premiums of existing home insurance contracts concluded by private individuals will not be increased for a year from the insurance due dates falling between July 1, 2025 and June 30, 2026, provided that the insurance coverage remains unchanged.

Alfa Insurance also indicated that it would join the voluntary commitment of home insurers, making similar pledges.

UNION Biztosito said that the premium level of the new UNION Home Insurance and UNION Ertem contracts concluded with the start of risk bearing between July 1, 2025 and June 30, 2026 will not exceed the premium levels of December 31, 2024 until June 30, 2026, provided that conditions remain unchanged.

Premiums of existing contracts concluded by private individuals with UNION will not increase for one year from the insurance due date falling between July 1, 2025 and June 30, 2026, provided that insurance coverage remains unchanged, while the insurance amounts will increase according to the value tracking specified in terms and conditions.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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