Granit Biztosito

What Granit Biztosito does

Gránit Biztosító Zrt. is a Hungarian property and casualty insurance company headquartered in Budapest (1134 Váci út 17), founded in 2008 as Wabard Biztosító Zrt., operated as Wáberer Hungária Biztosító, and rebranded to its current name on February 15, 2024 following a strategic partnership with Gránit Bank. The company is controlled by the Waberer's Csoport (Waberer's Group) and operates under Hungarian Financial Supervisory Authority and Magyar Nemzeti Bank licenses spanning motor, property, liability, health, and device insurance. Its product portfolio centers on mandatory third-party motor liability (KGFB) and voluntary CASCO for individual and fleet customers, complemented by travel insurance (Utasbiztosítás), home insurance (Otthonbiztosítás, including the MFO-qualified Gránit Lakásbiztosítás), the Gránit Esély cancer diagnostics health insurance, CMR/cargo and KÁF/KSZF transport liability coverage, SME property and Trafik (tobacco shop) insurance, and the One Készülékbiztosítás device insurance line distributed through One Magyarország.

The insurer operates a digital-first platform supporting online quotation, policy binding, premium payment, and claims reporting, with TLS-encrypted bank card processing via OTP Mobil and Gránit Bank, supplemented by a call center and contracted claims-handling and loss-adjustment partners. Distribution combines direct digital self-service, telephone sales, broker networks (Netrisk, CLB, Biztosítás.hu), and embedded cross-selling through Gránit Bank's retail and corporate channels, with device insurance additionally sold as a telecom group scheme. Revenue is generated through recurring insurance premiums across motor, personal lines, commercial lines, and a recently acquired device insurance portfolio; the company reports more than 350,000 active customers and targets the Hungarian domestic market, with international coverage limited to travel (worldwide) and CMR cargo (European scope) products.

Name

Granit Biztosito

Legal name

Gránit Biztosító Zrt.

Website

https://granitbiztosito.hu

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Gránit Biztosító is a Hungarian property and casualty insurer offering motor (KGFB, CASCO), home, travel, health, cargo, and device insurance to Hungarian consumers, SMEs, and logistics companies, distributed digitally via its website, brokers, and a strategic partnership with Gránit Bank.

Ownership category

akta.pro rank

Headquarters

HQ city

Csepel

HQ country

Hungary

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance premiums - Motor (KGFB): Compulsory third-party motor liability insurance (Kötelező gépjármű-felelősségbiztosítás) is a core product line. Premiums are collected annually or on other billing cycles with pricing based on vehicle type, driver history, and bonus-malus class.
2. Insurance premiums - CASCO: Full coverage vehicle insurance (CASCO) with Gold and Silver coverage tiers, sold to individual vehicle owners and fleet operators. Revenue generated through annual or multi-year premium payments.
3. Insurance premiums - Travel insurance: Online-distributed travel insurance policies with pricing from HUF 230/day, covering medical assistance, baggage, liability, and repatriation. Sold directly online and through broker partners.
4. Insurance premiums - Health insurance: Gránit Esély cancer diagnostics health insurance with two tiers (Alap/Bővített), providing cancer screening and support services. Premiums collected through annual subscriptions; also available as group insurance for corporate clients.
5. Insurance premiums - Property and casualty: Home insurance (otthonbiztosítás/lakásbiztosítás), business property insurance (vállalkozói vagyonbiztosítás), CMR/cargo insurance, KÁF/KSZF, traffic insurance, and specialty insurance products including Trafik (tobacco shop) insurance.
6. Insurance premiums - Device insurance: One Készülékbiztosítás device insurance for mobile phones, offered as group insurance through One Magyarország. Monthly premiums range from HUF 540 to HUF 4,390 depending on device value and coverage tier.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

Gránit Biztosító is a Hungarian insurance company that sells motor (mandatory KGFB and voluntary CASCO), home, travel, health (Gránit Esély cancer diagnostics), cargo/CMR, road transport liability (KÁF/KSZF), SME property, and device insurance products. It distributes these primarily through a digital-first online platform, supplemented by telephone sales, broker networks, and a strategic partnership with Gránit Bank. The company serves over 350,000 active customers in Hungary.

Product overview

Gránit Biztosító is a Hungarian property and casualty insurance company operating as a multi-product insurance platform. The core portfolio centers on motor insurance (mandatory KGFB and voluntary CASCO), complemented by personal lines (health, travel, home), commercial lines (cargo, fleet, property), and specialized niche products (tobacco shop, device insurance). The product lineup comprises KGFB, CASCO, Utasbiztosítás, Otthonbiztosítás, Esély Egészségbiztosítás, CMR/Szállítmánybiztosítás, KÁF/KSZF, Vállalkozói Vagyonbiztosítás, Trafik-biztosítás, and One Készülékbiztosítás. The company operates primarily through digital channels including online quote, purchase, and claims platforms, with the Gránit Bank partnership enabling integrated financial services distribution.

Differentiator

Problem solved

Functional benefit

Brands

• Gránit Bank strategic partner: Strategic partnership with Gránit Bank allowing use of Gránit brand name for insurance products distributed through the bank's customer base.

Products and services

• Kötelező Gépjármű-felelősségbiztosítás (KGFB) Mandatory third-party motor liability insurance required by Hungarian law for all registered vehicles, covering damages caused to third parties in traffic accidents. Offered to individual vehicle owners and fleet operators with a bonus-malus rating system and an online calculator for premium estimation.
• CASCO Biztosítás Comprehensive vehicle insurance covering damage to the insured vehicle from accidents, theft, vandalism, and glass breakage. Available in Gold (Arany) and Silver (Ezüst) coverage tiers with pricing based on vehicle make, extra equipment value, selected excess, payment frequency, driver age, and residence. Sold to individual vehicle owners and commercial fleet operators.
• Gránit Esély Egészségbiztosítás Health insurance focused on rapid and comprehensive cancer diagnostics, providing PET-CT examinations, molecular diagnostics, patient support services, dietary advice, psychological assistance, and surgical and hospital daily allowances. Offered in Alap (Basic) and Bővített (Extended) packages, available to individuals and as group cover for corporate clients. Service delivered in partnership with ONKOMPLEX Kft.
• KÁF/KSZF Biztosítás Liability insurance for road freight carriers (KÁF) and road passenger transport operators (KSZF), covering legal obligations under Hungarian and international transport regulations. Targeted at logistics and passenger transport companies.
• Utasbiztosítás (Travel Insurance) Travel insurance covering medical emergencies, baggage loss or damage, trip interruption, personal liability, legal assistance, and emergency evacuation. Available in multiple package tiers (Bázis, Prémium, plus Hógolyó and Lavina winter sports tiers), with pricing from HUF 230 per day. Sold directly online and through broker partners including Biztosítás.hu.
• Otthonbiztosítás (Home Insurance) Home insurance providing comprehensive coverage for residential properties against 20 base risks including fire, storm, flood, burglary, glass breakage, and pipe rupture. Marketed under the Gránit Otthon name and available with a price guarantee commitment (no price increase from July 2025 to June 2026).
• CMR / Szállítmánybiztosítás (Cargo Insurance) Cargo insurance covering goods in transit by land, water, or air, including international road transport liability (CMR) and domestic freight liability (BÁF). Coverage options follow ICC (A), (B), and (C) clause systems, with compensation limits of EUR/USD 50,000 to 300,000 and a minimum premium of HUF 15,000 per shipment.
• Vállalkozói Vagyonbiztosítás (SME Property Insurance) Property and liability insurance for small and medium enterprises covering fire, storm, flood, burglary, glass breakage, and 25 additional risk events, with supplementary coverage for workplace accidents and electronic equipment. Targeted at Hungarian SMEs, retail shops, and offices.
• Trafik-biztosítás (Tobacco Shop Insurance) Specialized property and liability insurance for National Tobacco Shop (Nemzeti Dohánybolt) operators, covering business operations, inventory, equipment, fire, natural disasters, robbery, and optional comprehensive liability. Targeted at licensed Hungarian tobacco retailers.
• One Készülékbiztosítás (Device Insurance) Device insurance for mobile phones and devices offered through the One Magyarország partnership, providing accidental damage, liquid damage, theft protection, and warranty extension coverage. Available in Alap+ and Extra+ tiers with monthly premiums from HUF 540 to HUF 4,390 depending on device category (S/M/L/XL) and coverage tier. Distributed as a group scheme through One Magyarország (formerly Vodafone).

Quantifiable outcome

• Over 350,000 active customers as of 2025

Named customers1 record

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Gránit BankcoreStrategic or Co-development Partner · 15 February 2024Strategic partnership between Gránit Biztosító and Gránit Bank. The bank granted use of the Gránit brand to the insurer following the rebranding from Wáberer Hungária Biztosító. The bank's customer base and digital infrastructure (mobile app) are used to distribute insurance products. Gránit Bank's stated goal is to become a full-service financial institution including insurance services.
• Waberer's Csoport / Waberer's International Nyrt.coreStrategic or Co-development Partner · 30 January 2024Waberer's Csoport (parent of the former Wáberer Hungária Biztosító) retains a strategic interest in the insurance business. The group sought brand repositioning to focus on the retail market and digital innovation. The group aims to expand market share in insurance alongside logistics operations.
• One Magyarország Zrt. (formerly Vodafone)minorChannel Partner/ Reseller/ DistributorDistribution partnership for device insurance. One Magyarország sells Gránit Biztosító's device insurance to its mobile subscribers as a group scheme. Policy administration and claims handled jointly. Portfolio transferred from Assurant Europe N.V. to Gránit Biztosító effective November 1, 2025.
• Netrisk (online insurance broker)minorChannel Partner/ Reseller/ DistributorInsurance broker distribution partner. Netrisk offers Gránit Biztosító products through its online comparison platform, with tailored UTKF215 terms and conditions.
• CLB (insurance broker)minorChannel Partner/ Reseller/ DistributorInsurance broker distribution partner. CLB distributes Gránit Biztosító products with specific UTKF215 product terms tailored for CLB channel customers.
• Biztosítás.hu (insurance broker)minorChannel Partner/ Reseller/ DistributorInsurance broker distribution partner offering Gránit travel insurance products under UTKF217 product terms.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CIG Pannónia Életbiztosító: Hungarian insurance company offering life and P&C products with comparable domestic focus and scale to Gránit Biztosító, competing in overlapping segments.
• Netrisk.hu Online Biztosításközvetítő Kft. Hungarian online insurance broker and aggregator that both distributes Gránit products and competes for the same direct-digital consumer. Comparable digital-first insurance distribution motion in the Hungarian market.
• NN Biztosító: Hungarian arm of NN Group offering life, health, and P&C insurance including motor and home products. Comparable multi-line offering and direct/broker distribution model within Hungary.
• K&H Biztosító: Hungarian insurance arm of K&H Bank (KBC Group), offering a comparable multi-line P&C and life portfolio with a bank-insurance distribution model directly analogous to Gránit's Gránit Bank partnership.
• Signal Biztosító: Hungarian mid-sized P&C and life insurer with motor, home, health, and travel lines. Comparable size, multi-channel distribution, and product breadth in the domestic Hungarian market.
• Union Biztosító: Hungarian mid-sized P&C insurer offering motor, home, travel, and SME lines with similar direct-digital and broker-channel distribution. Closely comparable scale and product mix to Gránit Biztosító.
• Köbe Közösségi Biztosító: Hungarian mutual P&C insurer offering motor, home, and SME insurance. Similar mid-sized domestic market position and product breadth as Gránit Biztosító.

Broad incumbents

• Generali Biztosító: Hungarian arm of Generali Group, a major multi-line insurer offering motor, home, life, and commercial products. Established incumbent with substantially larger scale than Gránit.
• Groupama Biztosító: Hungarian subsidiary of Groupama offering motor, home, life, and agricultural insurance. Major incumbent with broader geographic and product reach than Gránit Biztosító.
• Allianz Hungária Biztosító: Hungarian subsidiary of global insurer Allianz, one of the largest P&C and life insurers in Hungary across motor, home, health, and commercial lines. Larger, broader portfolio competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/granitbiztosito
• LinkedInlinkedin.com/company/granit-insurance-company

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Granit Biztosito