More competition and better-informed consumers mean more people are looking for better deals on the car insurance market – and finding them. Last year 8.5% of compulsory third-party vehicle insurance policy-holders switched companies, three times the number in previous years, said Miklós Zsoldos, CEO of Union Biztosító, one of Hungary’s fastest-growing car insurance providers. Zsoldos said up to 30%–60% of policy-holders could be changing policies within just a few years, a figure closer to that in many Western European countries. Policy-holders have seen the difference in prices offered by insurance companies widen, and it has also become easier for them to sign new policies. (Econews; MH 1, NG 1, Vg 7)
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02.11.2004