Hungary – innovating out of recession

Sharing its location with the headquarters of MAI CEE Insurance Brokers, as well as being the oldest and one of the largest country operations, MAI Hungary tends to be at the leading edge of innovation for the company’s clients and provides a test-bed for many of the company’s new products and services.

We have been very active developing the activities of Managing General Agencies, with the success of Marine Insurance Express, and MAI CASCO in Hungary leading to their imminent roll out to a number of other countries within the region, and as far afield as China.

Hungary – the jewel on the Danube

The Hungarian insurance market remains very competitive, and we are working very closely with both local and international partners to build programmes that benefit from the soft rates and low deductibles available within local markets, yet match the wordings and terms used by the international markets for complex and unusual risks.

MAI Hungary is enjoying notable success working with larger organisations in the real estate, construction and marine sectors, and our local Employee Benefit practice is one of Hungary’s most advanced and successful in creating and administering programmes for employees.

Reducing the risks of credit

One of the more interesting developments in the Hungarian market is the growing need for credit assurance, especially for the purchase of major items such as cars, and for new financial risk products.

MAI is pioneering many innovative approaches to delivering these kinds of products, often bundled at the point of sale, which gives the customer a much more accessible product, while also yielding a valuable revenue stream to the dealer or financial institution.

Hungary [/column]

Country Manager Profile

Akos Pal
Akos Pal

Akos joined MAI Hungary as General Manager in 2000 from AIG Hungary, where he had been the senior property underwriter. Apart from classic Property&Casualty insurance lines, Akos specialises in setting up MGAs and providing capacity and wholesale products to other local insurance brokers.

He also sits on the Broker Board of MAI CEE. Akos is fluent in Hungarian, English and German.

Contact Details

Contact Me


MAI Insurance Brokers Kft.
Perc utca 8. Budapest 1036

Tel: +36 1 413 3470
Fax: +36 1 413 3461
Mobile: +36 70 314 5536