Generali Insurance Solutions

When you arrive in a new country, you should first and foremost make sure you’ve got the right protection. We offer you a wide range of life, health and accident insurance solutions to choose from: we can help when tragedy strikes, or depending on the insurance product and plan you purchase, you can receive benefit payment in the event of critical illness, earning incapacity, hospitalization, or even household accidents.

Generali opened its first office in Pest in 1832, only a year after the company was founded in Italy, and soon established a reputation for honesty, integrity and quality in insurance.  More than 150 years ago, Generali Hungary played a pioneering role in promoting the concept and values of insurance and laid the foundations of the Hungarian insurance market. 

Unlike other insurers, Generali has always had a full scale of product offering in addition to traditional marine and land cargo insurance. Interestingly, the company began selling life insurance as early as in 1832. Generali won the cooperation of several public figures to advocate the concept of insurance, including Mór Jókai, the renowned novelist of his age, who was a Board Member of Generali for seven years. The growth of the company’s sales network accelerated in the last decades of the 19th century due to economic prosperity. Following a forced close-down during World War II, Generali was committed to restoring operation in Hungary as soon as possible. After some promising endeavors, however, progress was halted by nationalization which made insurance a state monopoly. Thus Generali, along with other foreign insurers, had to withdraw from the Hungarian market in 1949.

After the change of the political and economic regime, Generali was the first insurance company to return to Hungary. On September 12, 1989 the Hungarian Government approved the incorporation of the first insurance joint venture, ÁB-Generali Biztosító Rt, which was jointly owned by Generali and the State Insurance Company. On October 1, 1991 EA-Generali AG acquired the shares of the State Insurance Company and the company’s name was changed to Generali Budapest Biztosító Rt.
Providencia Osztrák-Magyar Biztosító Rt was founded in 1989 and started operations in the Hungarian insurance market in 1990 as the first insurer with a foreign majority owner. In 1991, the company’s majority stake was purchased by EA-Generali AG.

In May 1999, the two Hungarian subsidiaries of the Generali Group, Providencia Osztrák-Magyar Biztosító Rt and Generali Budapest Biztosító Rt merged to create Generali-Providencia Biztosító Rt, the second largest insurance company of the Hungarian insurance market. The company’s name was changed to Generali-Providencia Biztosító Zrt in 2007, and Generali Biztosító Zrt in 2014.

Headquarters: 1066 Budapest, Teréz krt. 42-44.
Tax number: 10308024-4-44

Company registration number: 01-10-041305
Bank account number: Raiffeisen Bank 12001008-00100594-00100008
Reg. No at the Financial Supervision: 09/1990