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29 Jan 2019, Natalia Yanakieva, Head of EMIS Insights, EMIS

Hungary c-bank mulls "consumer-friendly" home insurance certification

The National Bank of Hungary (NBH) is considering introducing certification for "consumer-friendly" home insurance products in H2 2019, similar to the central bank's "consumer-friendly" seal of approval for home loans, the monetary institution’s managing director for financial organisations Csaba Kandracs told novekedes.hu. Kandracs motivated the idea with the weak competition on the home insurance market. The idea to establish a guarantee system for the insurance sector, imitating that for savings deposit insurance, is also being discussed.

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