Abstract
Overview
Introduction
This report is most appropriate for companies looking for an overview of the
life insurance and pensions markets in order to assess the level of market
opportunity (using our market data and forecasts), regulatory barriers and
opportunities, and level of competition in the market. For more detailed
market data please refer to Datamonitor' s European Life and Pensions
Interactive Database 2006.
Scope
- Presents competitor market data for life insurance and pensions companies;
- Assesses regulatory barriers and opportunities;
- 5 years historic data from 2001-5 and 5 year forecast to 2010.
Report Highlights
In 2005, the market for traditional life insurance reflected a decline in
premium income, while the market for unit-linked contracts grew. Heightened
demand for investment products including a life insurance element was
attributed to the solid performance of the Budapest stock exchange and the
bond market.
HFSA Recommendation No. 1 of 2006 (I. 27.) established the principles
applicable in the course of informing clients using investment (asset)
management services. Apart from banks and asset management companies, it also
applies to insurance companies and intermediaries, particularly in instances
of selling unit-linked products.
As at December 2005, branches of insurance undertakings domiciled in Austria,
France, the Netherlands, the UK, Germany and Spain had been established in
Hungary and in excess of 200 member state insurance companies gave
notification to the HFSA of their intention to undertake insurance activities
through cross-border services.
Reasons to Purchase
- Get an overview of the life and pensions market, including past growth and
forecast growth;
- Assess regulatory barriers and opportunities affecting life insurance and
pensions in this country;
- Analyze competition from life insurance companies.
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