Belarus

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Location map
author: OCHA/ ReliefWeb


Location:
- Eastern Europe.
- Neighbors: Poland, Lithuania, Latvia, Russia, Ukraine.

Climate:
- cold winters, cool and moist summers;
- transitional between continental and maritime.

Macro indicators
* 2018 estimates
Surface:207,595km2
Population*:9.5million
Pop. density*:45.6people/km2
GDP*:49.2EUR billion
GDP/capita*:5,197.0EUR

Currency: Ruble
Code: BYN
Since: 2016
- replaced the second Belarusian ruble (BYR)


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:10%
TOTAL NON-LIFE*:90%
Overall Property*:26%

Sources:





 


Statistics

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Belarus 1H2020 Insurance Companies Rankings

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Belarus 1H2020 Market Portfolio


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Latest news

BELARUS: The profit has tripled in the first nine months

During January - September of 2011, the insurance companies in Belarus underwrote premiums worth BYR 1,527.25 (EUR 200 million), about 58% higher than the similar time of 2010. Altogether, the insurance companies paid claims of BYR 879.45 billion (EUR 115 million), 53% higher than in the similar period of 2010, according to the data published by the The Belarusian Association of Insurers.

Online insurance launched in Belarus

DYNAMO Association, BELGOSSTRAKH (the biggest insurance company in Belarus) and BELARUSBANK launched the first service in Belarus where citizens can buy online insurance policies, announced www.tvr.by.


50% increase for the Belarusian insurance market in first half

Insurance companies from Belarus registered a 44.7% increase in underwritings in the first quarter, reporting gross premiums worth RUB 887.2 billion, said, for XPRIMM News, Irina MERZLYAKOVA, President of Belarus Insurers Association, during the International Financial Forum in Yalta. Of these, voluntary insurance owns a share of 49.9% or RUB 443.1 billion.


Insurance market in Belarus rose by 26.1% in 2010

Insurance companies in Belarus recorded in 2010 gross written premiums worth USD 446 million, increasing by 26.1% in comparison with 2009, showed the data provided by the Ministry of Finances.

AXA acquires B&B Insurance in Belarus

AXA announced on the December 29th 2010 its 80% B&B Insurance Belarus share purchase, a company holding the first place on the local profile market and the second place on the local non-life insurance market.



PZU to take over Belorussian BELGOSSTRAKH

Polish-based PZU, the biggest insurance company on the local market, has expressed its interest in Belorussian state-owned insurer BELGOSSTRAKH, according to sources from the local market.
PZU may acquire the majority stake in BELGOSSTRAKH if the state concludes the privatization procedure, said the source. The first steps in this direction have already been made and the privatization is expected to be completed in December 2010.