STATISTICS: BELARUSIAN insurers reported a 15% increase in GWP in the first quarter
Analyzing the financial figures in local currency, the GWP volume of the life insurance segment decreased by 23.84% to BYR 124.48 billion, while on the non-life business line the same indicator was up by 19.37% to BYR 1,756 million.
In 1Q2015, 24 players operated in the Belarusian insurance market, four of these being specialized on the life segment, 19 non-life insurers and one exclusive reinsurance company.
On the general insurance segment, the leader remained BELGOSSTRAKH (50.41% market share), followed by PromTransInvest (9.95%) and BELNEFTESTRAKH (8.66%).
On the life insurance segment, the first position was held by STRAVITA (88.76% market share).
Access www.xprimm.com and download the 1Q2015 Belarusian insurance market statistics.
Market portfolio (in EUR and BYR):
- Paid Claims
- Growth rates
- Life insurance ranking
- Non-life insurance ranking