Hungary Insurance Tenders

The Hungarian insurance market is a dynamic and growing sector, with a total gross written premium (GWP) of HUF 1,428 billion (EUR 3.56 billion) in 2022. The market is expected to continue to grow in the coming years, driven by factors such as rising disposable incomes, increasing consumer awareness of insurance, and the government's focus on developing the insurance sector.

The Hungarian government is a major procurer of insurance products and services. In 2022, the government spent HUF 100 billion (EUR 250 million) on insurance, representing 7% of the total GWP in Hungary. The government procures a wide range of insurance products, including motor insurance, property insurance, health insurance, and life insurance.

The main insurance products and services procured by the Hungarian government are:
Motor insurance: The government procures motor insurance for its fleet of vehicles, as well as for its employees' vehicles.
Property insurance: The government procures property insurance for its buildings and other assets.
Health insurance: The government procures health insurance for its employees and their dependents.
Life insurance: The government procures life insurance for its employees.

The top authorities for Hungary insurance procurement are:
The Central Public Procurement Authority (Közbeszerzési Hatóság): The Közbeszerzési Hatóság is responsible for setting the rules and regulations for public procurement in Hungary.
The Ministry of Finance (Pénzügyminisztérium): The Pénzügyminisztérium is responsible for overseeing the government's procurement budget.
The State Treasury (Magyar Államkincstár): The Magyar Államkincstár is responsible for managing the government's procurement funds.

The top winners of Hungary insurance procurement are:
Allianz Hungary Zrt.: Allianz Hungary Zrt. is the largest insurance company in Hungary.
Generali Providencia Biztosító Zrt.: Generali Providencia Biztosító Zrt. is the second largest insurance company in Hungary.
Union Biztosító Zrt.: Union Biztosító Zrt. is the third largest insurance company in Hungary.

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