STATISTICS: BELARUS, 3Q2016, MoF: Insurance increased almost a quarter y-o-y

24 November 2016 — Vlad BOLDIJAR
Belarusian insurance market totaled BYN 742 million (EUR 343 million) for the first nine months of 2016, 24.2% more y-o-y, according to the MoF market figures. In terms of paid claims, the market authority reported a 14.2% y-o-y increase, the 19 active market players paying almost BYN 394 million (EUR 182 million).

Per segments, voluntary non-life GWP accounted for 47.4% of total, mandatory classes - 43.9%, while the voluntary life insurance segment accounted for the remainder of the market - 8.7%.

As in previous periods, the absolute market leader was the state-owned insurer BELGOSSTRAKH - 47.4% market share.

Access and download the 3Q2016 Belarusian insurance market statistics.