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Insurance

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.

10/07/2019
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...

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02/08/2022
Leg­al is­sues in the meta­verse / Part 4 - Ex­pec­ted im­pact of the EU Ar­ti­fi­cial...
Part 4 - Ex­pec­ted im­pact of the EU Ar­ti­fi­cial In­tel­li­gence Reg­u­la­tion, the meta­verse as a work­place In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world. The emer­gence...
27/07/2022
Leg­al is­sues in the meta­verse / Part 3 - Data pro­tec­tion chal­lenges, the...
Part 3 - Data pro­tec­tion chal­lenges, the im­port­ance of cy­ber­se­cur­ity, ad­vert­ising reg­u­la­tion in the meta­verse In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world...
25/07/2022
Hun­gary re­shapes KATA small-busi­ness tax mak­ing many in­eligible
After days of street protests, the Hun­gari­an gov­ern­ment an­nounced the new act on the re­shaped KATA tax­a­tion re­gime after an ex­tremely rap­id le­gis­lat­ive pro­cess. The new rules sig­ni­fic­antly nar­row the...
20/07/2022
US ter­min­ates double tax-treaty with Hun­gary
On 8 Ju­ly 2022, the U.S. Treas­ury De­part­ment an­nounced the ter­min­a­tion of the double-tax treaty with Hun­gary. The treaty, which scores of US in­vestors called very be­ne­fi­cial, was con­cluded in 1979 and...
19/07/2022
Leg­al is­sues in the meta­verse / Part 2 - Trade­marks and copy­right, NFTs...
Part 2 - Trade­marks and copy­right, NFTs and civil law prin­ciples in the meta­verse In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world. In the meta­verse, trade in vir­tu­al...
12/07/2022
Leg­al is­sues in the meta­verse / Part 1 - In­tro­duc­tion to the meta­verse
Part 1 - In­tro­duc­tion to the meta­verse In re­cent months, ‘meta­verse’ has be­come a buzzword, fea­tured in nu­mer­ous art­icles and me­dia re­ports, and has even been re­ferred to as web 3.0, without a pre­cise...
06/07/2022
European par­lia­ment ad­opts Di­git­al Ser­vices Act and Di­git­al Mar­kets Act...
On 5 Ju­ly, the European Par­lia­ment ad­op­ted both the Di­git­al Ser­vices Act (DSA) and Di­git­al Mar­kets Act (DMA) in a sweep­ing fi­nal vote. See be­low for an over­view of the not­able changes since the pub­lic­a­tion...
05/07/2022
Hun­gari­an au­thor­ity fines data con­trol­ler EUR 7,500 data breach and rules...
In the latest de­cision of the Na­tion­al Au­thor­ity for Data Pro­tec­tion and Free­dom of In­form­a­tion (NAIH), a data con­trol­ler for a polit­ic­al party, re­spons­ible for a data breach where six Ex­cel files were...
22/06/2022
Hun­gary in­tro­duces ex­tra taxes on bank­ing and in­sur­ance sec­tors
On 4 June 2022, the Hun­gari­an gov­ern­ment ad­op­ted a new gov­ern­ment de­cree in­tro­du­cing sec­tor-spe­cif­ic taxes for com­pan­ies viewed by the gov­ern­ment as gen­er­at­ing "ex­tra profits" in the cur­rent ad­verse eco­nom­ic...
15/06/2022
Hun­gary in­tro­duces 65% ex­tra profit tax on re­new­able pro­jects leav­ing KÁT/METÁR...
On 4 June 2022, the Hun­gari­an gov­ern­ment ad­op­ted a new gov­ern­ment de­cree in­tro­du­cing sec­tor-spe­cif­ic taxes to com­pan­ies viewed by the gov­ern­ment as gen­er­at­ing "ex­tra profits" in the cur­rent ad­verse eco­nom­ic...
14/06/2022
EP's Di­git­al Iden­tity draft re­port high­lights pro­pos­als to up­date eI­DAS...
The main ob­ject­ive of the Reg­u­la­tion is to har­mon­ise di­git­al iden­ti­fic­a­tion and thereby re­duce the costs and risks of the cur­rent frag­ment­a­tion caused by dif­fer­ent na­tion­al solu­tions. This ini­ti­at­ive...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team