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Insurance

Hungary

Insurers, reinsurers, and brokers face an increasingly unpredictable world, not least because of tougher capital and risk requirements impacting on your business. So you can be certain to meet these challenges successfully, you need advisors with specialist knowledge of your sector and a detailed understanding of the evolving regulatory framework.

CMS has helped major insurers establish and expand operations in Central and Eastern Europe. We are the market leader in M&A in the sector, offer dedicated regulatory expertise and have extensive experience from distribution of insurance products to defence of class action claims.

With 100 insurance lawyers across 34 countries, we can protect your commercial interests in your home market and across borders. We provide advice based on strong local knowledge delivered on a Europe-wide basis by expert lawyers, many of whom have worked in the sector or for regulatory authorities.

We assist clients on the most complex transactional, advisory and contentious matters. A multi-disciplinary team advises on strategic as well as operational matters, liability and dispute resolution, policy drafting, coverage, regulatory issues, M&A, capital raising and restructurings, HR, tax, real estate and commercial issues.

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High­lights of ex­per­i­ence in In­sur­ance in Hun­gary
Met­Life on the ac­quis­i­tions of Aviva Czech Life, Aviva Hun­gary Life, Aviva Ro­mania Life and Aviva Ro­mania Pen­sions from Aviva. Sub­sequently, ad­vised on the cross-bor­der mer­ger of Met­Life Hun­gary in­to an Ir­ish com­pany and a re­lated re­struc­tur­ing proce

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01 September 2020
CMS in Hun­gary
CMS in Hun­gary have been ad­vising cli­ents across the re­gion for over 30 years, in both good and bad times. Find out more.
14 March 2018
CMS Ex­pert Guide to in­sur­ance law and reg­u­la­tion
Are you look­ing for in­form­a­tion on in­sur­ance law and reg­u­la­tion? This CMS Ex­pert Guide provides you with everything you need to know.
18 September 2020
Hun­gary ad­opts new AI strategy
The Hun­gari­an gov­ern­ment has ad­op­ted a new com­pre­hens­ive ar­ti­fi­cial in­tel­li­gence (AI) strategy that sets am­bi­tious goals and meas­ures for the de­vel­op­ment and use of AI in Hun­gary through to 2030. The...
20 July 2020
COV­ID-19 and the CEE in­sur­ance in­dustry
This CMS guide looks at the ten most fre­quent ques­tions re­ceived from the in­sur­ance in­dustry re­gard­ing the COV­ID-19 pan­dem­ic. Down­load here.
02 July 2020
EU agrees new class ac­tion re­gime for con­sumer dis­putes
After a long gest­a­tion, on 30 June 2020 the Coun­cil of the EU pub­lished the text for the col­lect­ive re­dress dir­ect­ive (the “CR Dir­ect­ive”) (text avail­able here). This le­gis­la­tion is in­ten­ded to bet­ter...
9 October 2017
CMS Bud­apest strengthens its In­sur­ance prac­tice with a seni­or hire
István Poz­s­gay has joined the In­sur­ance prac­tice of CMS as Of Coun­sel, ef­fect­ive from 2nd of Oc­to­ber. István brings over 20 years of ex­per­i­ence work­ing as a com­mer­cial, trans­ac­tion­al and reg­u­lat­ory leg­al pro­fes­sion­al in mul­tina­tion­al cor­por­ate en­vir­on­men
22 June 2020
Hun­gary ends state of emer­gency
On 18 June 2020, Hun­gary lif­ted its state of emer­gency, and de­crees passed to tackle the COV­ID-19 crisis, such as Gov­ern­ment De­cree No. 47/2020. (III. 18.), are no longer in ef­fect. To en­sure a reg­u­lat­ory...
01/09/2014
10 things every in­surer should know about Cent­ral East­ern Europe
15 June 2020
EIOPA to re­view fun­da­ment­al basis of su­per­vi­sion of in­sur­ance value chain
The European and Oc­cu­pa­tion­al Pen­sion Au­thor­ity (“EIOPA”) has launched a pub­lic con­sulta­tion on the (re)in­sur­ance value chain and new busi­ness mod­els arising from di­git­al­isa­tion (the “Dis­cus­sion...
17/07/2014
Risk Mat­ters: In­sur­ance Sec­tor news­let­ter Sum­mer 2014
High­light­ing top­ic­al is­sues for in­sur­ance sec­tor par­ti­cipants
23 April 2020
Hun­gary passes or­din­ance re­cog­nising force ma­jeure in fin­an­cing trans­ac­tions
On 16 April 2020, the Hun­gari­an gov­ern­ment amended the leg­al frame­work of force ma­jeure events, al­low­ing the Hun­gari­an Ex­port Cred­it In­sur­ance Lim­ited Private Com­pany (ME­HIB) to provide cred­it in­sur­ance...
30/06/2010
10 Things Every In­surer Should Know about West­ern Europe