Home / Expertise / Insurance
group of red apples with protective packaging on paper background

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.

Read more Read less
10 July 2019
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...

Feed

Show only
03 May 2021
Hun­gary: HUF 10 m fine levied for data breach re­lated to COV­ID-19 rap­id...
The Hun­gari­an Na­tion­al Au­thor­ity for Data Pro­tec­tion and Free­dom of In­form­a­tion (NAIH) has im­posed a HUF 10 mil­lion fine on the 11th Dis­trict Pub­lic Health De­part­ment of the Gov­ern­ment Of­fice of the Cap­it­al...
12 April 2021
EU Di­git­al Ser­vices Act gives new leg­al frame­work for plat­form eco­nomy
The European Com­mis­sion has is­sued the draft pro­pos­al for the Reg­u­la­tion on a Single Mar­ket for Di­git­al Ser­vices (Di­git­al Ser­vices Act or DSA), which cre­ates a new leg­al frame­work for di­git­al ser­vices...
30 April 2021
W&I In­sur­ance – the ba­sics
CMS will hold a joint we­bin­ar with AIG Europe and HWF Part­ners, dur­ing which we will dis­cuss the ad­vant­ages of tak­ing out war­ranty and in­dem­nity in­sur­ance. You will be able to fa­mil­i­ar­ise your­self with...
06 April 2021
Hun­gary de­clares it law­ful to col­lect in­form­a­tion that a work­er is pro­tec­ted...
The NAIH, Hun­gary’s data pro­tec­tion au­thor­ity, has is­sued a guid­ance on how em­ploy­ers can law­fully de­term­ine wheth­er an em­ploy­ee is pro­tec­ted against COV­ID-19. Em­ploy­ers must ad­apt their in­tern­al policies...
22 January 2021
EDPB is­sues draft guidelines for data breach no­ti­fic­a­tions
Fur­ther to the GDPR re­quire­ment for re­port­ing per­son­al data breaches to the com­pet­ent data pro­tec­tion au­thor­ity and, in cer­tain cases, to af­fected in­di­vidu­als, the European Data Pro­tec­tion Board (EDPB)...
19 January 2021
New GDPR strategy to tackle new tech­no­logy, data se­cur­ity, in­ter­na­tion­al...
The European Data Pro­tec­tion Board (EDPB) pub­lished its GDPR Strategy 2021-2023 on 5 Janu­ary 2021, set­ting out four main pil­lars and key ac­tions, which in­clude: Pil­lar 1: Ad­van­cing har­mon­isa­tion and...
13 January 2021
EU­'s Por­tuguese pres­id­ency re­leases new draft of ePri­vacy Reg­u­la­tion
On 5 Janu­ary 2021, the Coun­cil of the EU – with Por­tugal serving as the Pres­id­ent-in-Of­fice – re­leased a new draft ver­sion of the ePri­vacy Reg­u­la­tion, which is meant to re­place the ePri­vacy Dir­ect­ive...
06 January 2021
Hun­gary changes rules for drone op­er­a­tions
The rules in Hun­gary for un­manned air­crafts, com­monly known as drones, changed on 1 Janu­ary 2021. The changes oc­curred after the 22 Decem­ber 2020 pas­sage of Act CLXXIX of 2020 on amend­ing cer­tain laws...
05 January 2021
PRICL - a game changer in the re­in­sur­ance world?
Al­though the “club at­mo­sphere” around re­in­sur­ance has been dis­turbed in re­cent years due to a surge in re­in­sur­ance dis­putes and the reg­u­lat­or’s en­hanced ini­ti­at­ives to boost con­tract cer­tainty1...
16 December 2020
EU Com­mis­sion pub­lishes pro­posed Data Gov­ernance Reg­u­la­tion
On 25 Novem­ber 2020 the European Com­mis­sion pro­posed new rules on data gov­ernance – a pro­posed Data Gov­ernance Reg­u­la­tion, which is the first of a set of meas­ures an­nounced in the 2020 European strategy...
24 November 2020
Schrems II: Re­sponses to the su­per­vis­ory au­thor­it­ies' as­sess­ment and re­com­mend­a­tions...
"Schrems II": Opin­ions of the su­per­vis­ory au­thor­it­ies on Schrems II and re­com­mend­a­tions on the im­ple­ment­a­tion of the judge­ment in in­ter­na­tion­al data trans­fers On 16 Ju­ly 2020, the Court of Justice of...
16 November 2020
Schrems II re­vis­ited: the European data au­thor­ity pub­lishes draft guid­ance...
On 11 Novem­ber 2020, the European Data Pro­tec­tion Board (EDPB) pub­lished two re­com­mend­a­tions that provide guid­ance to com­pan­ies on how to as­sess data trans­fers after the ECJ’s Schrems II de­cision:...