New Market Study Published: Hungary Insurance Report Q3 2013
BMI remains of the view that Hungary's insurance sector will continue to face testing times through 2013 and 2014. A difficult economic environment and volatile financial markets will challenge the players in both the non-life and the life segments. Fortunately, most are local subsidiaries of multi-national groups who are able to achieve economies of scale across regional or global businesses. Nevertheless, the relatively small absolute size of the insurance sector, and the fragmentation of the competitive landscape suggest to us...
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