Insurer profile

KÖBE Central European Mutual Insurance Association

KÖBE Central European Mutual Insurance Association · Hungary

Founded 1996Budapest, HungaryLast verified Aug 27, 2026

Overview

KÖBE is a non-profit mutual insurance association established in 1996 on the initiative of the Hungarian carriers' association (FUVOSZ), its affiliates, private persons and other organisations, and is described as Hungary's largest 100% Hungarian-owned non-life insurer.

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Company details

Regulator: Magyar Nemzeti Bank (National Bank of Hungary / Financial Supervisory Authority)
Phone: +36 1 433 1180
Email: [email protected]

Official website

Products from KÖBE Central European Mutual Insurance Association

Motor

KÖBE Compulsory Motor Third Party Liability Insurance (KGFB)

Mandatory third-party liability insurance for motor vehicle owners in Hungary.

KÖBE LENDÜLET TOP CASCO Insurance

Comprehensive (casco) vehicle insurance for passenger cars and light commercial vehicles covering own damage, theft and other risks.

Deductible (Own-risk) Insurance

Supplementary insurance covering the deductible payable under a casco claim.

Flat Tyre and Pothole Damage Insurance

Covers costs related to tyre damage and pothole-related vehicle damage.

Parking Insurance

Insurance covering damage occurring to vehicles while parked.

Property

KÖBE Certified Consumer-Friendly Home Insurance

MNB-certified consumer-friendly home insurance covering buildings and household contents against fire, natural disasters, weather events and other risks.

KÖBE EASY I. General Household Insurance

Simplified home insurance package covering household buildings and contents against natural and accidental damage.

Commercial and Industrial Property Insurance

Property insurance for commercial and industrial assets of business clients.

Health

Accident Insurance

Personal accident insurance providing benefits in case of accidental disability or death.

Liability

Liability Insurance for Road Freight Carriers and Bus Passenger Transport Operators

Liability insurance required for road freight carriers and bus passenger transport operators.

Designer and Contractor Liability Insurance

Mandatory professional liability insurance for designers and contractors under Hungarian construction law.

Compulsory Liability Insurance for Electricians and Plumbers

Mandatory liability insurance for electricians and plumbers required under government decrees 119/2017 and 120/2017.

Taxi Operator Liability Insurance

Liability insurance for taxi and personal passenger transport service providers.

Environmental Liability Insurance

Liability insurance covering environmental damage caused by insured business activities.

Travel

Travel Insurance (incl. Last Minute)

Travel insurance covering medical emergencies and other unexpected events abroad, including last-minute policies bookable before departure.

Financial

Unemployment Insurance

Income-replacement insurance paying a monthly benefit for up to six months in case of involuntary unemployment.

Other

University Entrance Exam Insurance

Niche insurance product for special life situations related to university entrance examinations.

Regulatory updates

KÖBE has been subject to several MNB supervisory actions over the years: in November 2015 the MNB suspended KÖBE's sale of new MTPL (kgfb) contracts due to inadequate reserves and pricing policy, lifting the suspension in March 2016 after KÖBE submitted a remediation financial plan, while also imposing a HUF 23 million fine for irregularities found during the review. In July 2020, following a further comprehensive inspection covering August 2016 onward, the MNB fined KÖBE HUF 20 million in supervisory fines and HUF 5 million in consumer-protection fines for deficiencies in MTPL policy administration, bonus-malus data handling, and customer communication/complaint handling, requiring remediation reporting by end of 2020. Earlier, in 2011, the then-supervisor PSZÁF ordered KÖBE to suspend and redesign its 'Lassíts!' speeding-fine insurance product for being contrary to public policy.