Location map
author: OCHA/ ReliefWeb

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

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

Macro indicators
* 2018 estimates
Pop. density*:45.6people/km2
GDP*:49.2EUR billion

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

Insurance market portfolio
* 2018 estimates
Overall Property*:26%




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Belarus 1H2020 Insurance Companies Rankings

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Belarus 1H2020 Market Portfolio

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Latest news

STATISTICS: BELARUS, 1H2019: life insurance increased by almost 31% y-o-y

In the first half of 2019, GWP of the Belarusian market amounted to BYN 689.9 million (EUR 296.72 million), which in local currency is 13.63% more y-o-y. At that, paid claims increased by only 9.16%, to BYN 333.56 million (EUR 143.46 million), data published by the Ministry of Finance show.

STATISTICS: BELARUS, FY2018: The market grew by more than 14%

In 2018, total market GWP reached BYN 1,226.04 million (EUR 495.69 million), which is 14.57% more y-o-y, according to figures published by the Ministry of Finance of the Republic. Market growth in Euro looks much more moderate (9.10%).

EUROINS acquires ERGO subsidiaries in Czech Republic, Romania and Belarus

Bulgaria-based Euroins Insurance Group (EIG) has made a purchase agreement with Germany-based ERGO International AG for buying 4 ERGO insurance companies. EIG will take control over ERGO's life and non-life subsidiaries in Romania and Czech Republic, as well as the non-life company in Belarus.

BELARUS: GWP growth rates remain above the 15% threshold

For 8 months this year insurers of Belarus generated GWP in the amount of BYN 804.9 million. At that growth rates remain above the 15% threshold, according to the data, published by the Ministry of Finance.

BELARUS: GWP y-o-y growth for January-July exceeded 15%

For the period of January-July 2018 Belarusian insurers generated BYN 705.2 million* of GWP (direct insurance and co-insurance). Annual growth of premiums (compared to the same period in 2017) amounted to 15.2%, as reported by the Ministry of Finance of the Republic.