At present, CIG Pannonia is engaged in the life insurance business in Hungary, Romania and Slovakia.[when?]
In 2009, CIG held a 3% market share in domestic life insurance and generated over US$40 million in sales.
[5] Between 2011 and 2015 CIG started its 100% non-life subsidiary, which focuses on domestic SMEs, Institutions of the state and local authorities, companies, professional chambers and associations.
On the other hand, 2015 was the year when CIG broke up with Brokernet, setting up an all-time low at 135 HUF.
Its subsidiary operates the property insurance business not only in Hungary but also in many European countries through cross-border services.
[10] Former Minister of Finance and chairman of the central bank Zsigmond Járai was appointed to chair the supervisory board, which represents the owners.
Béla Horváth, former top executive of various Hungarian insurance companies, was appointed as the chairman of the board of directors.
In September 2020, the company liquidated its Hungarian subsidiary, CIG Pannónia Pénzügyi Közvetítő Zrt,[11] in which Hungarikum Alkusz Kft, owned by Erik Keszthelyi and Lőrinc Mészáros, subsequently acquired a 25% stake.
[12] From 1 October 2020, István Fedák took over as CEO, replacing Gabriella Kádár,[13][14] who had previously held the position for 6 years.