Belarus
BELARUS: Belarus and Russia exchange experiences and current practices in agroinsurance
During a roundtable on June 23 in Minsk, the parties discussed in detail methods for building insurance coverage for the two countries' agricultural complexes with state support and the specifics of settling losses from climate risks, according to the Belarusian Association of Insurers.
29 June 2026BELARUS: BAS: In Motor Hull payout rates increase and average premium decline
1Q2026 results show that trends in Motor Hull continue: both payout rates and average payment are increasing for individuals and legal entities. At the same time, the average insurance premium is declining, according to the Insurance Bulletin of the Belarusian Association of Insurers (BAS).
22 June 2026STATISTICS: BELARUS, 1Q2026: Voluntary insurance generates over 70% of GWP
In the first quarter of 2026, Belarusian insurance sector totaled BYN 772.64 million (EUR 227.80 million), which is 8.75% more y-o-y, according to data published by the Ministry of Finance.
2 June 2026BELARUS: Imkliva Insurance, recognized as insurance company #1, celebrates 32 years of operation
In April, Imkliva Insurance celebrated 32 years in the insurance market, and during its operation, the company has demonstrated steady growth in Belarus.
28 May 2026BELARUS: BAS: The insurance industry posted a historic high in GWP last year
Life and pension insurance should be the main growth drivers for the insurance industry. The state is interested in "long-term money", which various long-term insurance models should and are quite capable of providing, as Deputy Finance Minister Sergei Kachan noted at a meeting of the Belarusian Association of Insurers (BAS) speaking on the 2025 results.
19 May 2026BELARUS: Personal and property insurance top the list of insurance types
Currently, the insurance industry employs 12,500 people. Insurance reserves in 2025 totaled BYN 4.8 billion (~EUR 1.4 billion), while insurance assets reached approximately BYN 8 billion (~EUR 2.34 billion), according to Deputy Finance Minister Sergei Kachan, BELTA reports.
20 April 2026STATISTICS: BELARUS, FY2025: both GWP and paid claims did not reach double-digit growth (in local currency)
At the end of 2025, the Belarusian insurance market totaled BYN 2,870.54 million (EUR 840.08 million), up 9.69% y-o-y, according to data published by the Ministry of Finance of the Republic of Belarus.
6 April 2026BELARUS: Voluntary insurance accounts for 77.6% of total GWP in January
In January 2026, total GWP in the Belarus's insurance sector amounted to BYN 267.75 million (~EUR 78.75 million), which represents a 6.1% increase y-o-y, according to data from the Republic's Ministry of Finance.
19 March 2026BELARUS: New insurer registered on the insurance market
A new insurance company, SBS-Polis, has been registered on the Belarusian insurance market. In February of this year, the Ministry of Finance of the Republic of Belarus approved SBS-Polis’s license to conduct insurance activities, according to the Belarusian Association of Insurers.
19 March 2026BELARUS: 2.4 times more electric vehicles insured under Motor Hull in 2025
In 2025, Belarusian insurers insured 22,050 electric vehicles under Motor Hull, representing a 2.4-fold increase y-o-y. Approximately 53% of these were insured by individuals, according to the Belarusian Association of Insurers.
10 March 2026BELARUS: In 2025, the law "On Insurance Activities" came into force and Union State MTPL policies went on sale
The Law of the Republic of Belarus "On Insurance Activities" entered into force on January 1, 2025, according to a review of key market events in 2025 in the "Insurance in Belarus" magazine of the
26 January 2026BELARUS: In January-November 2025, both voluntary and compulsory insurance recorded growth
For January-November 2025, the insurance sector of Belarus amounted to BYN 2,585.0 million (~EUR 0.76 billion), which is 9.3% more y-o-y, according to the Ministry of Finance of the Republic of Belarus.
12 January 2026BELARUS: Union State MTPL system gains momentum
Belarusian motorists are actively purchasing Union State MTPL policies valid across the two countries (Belarus and Russia), according to Sergei Osenko, Head of the Main Insurance Supervision Department of the Ministry of Finance, according to BELTA.
17 December 2025BELARUS: MTPL and Motor Hull among the most popular types of insurance
The most massive mandatory insurance types in Belarus are building insurance, covering over a million properties, and MTPL, with over 5 million contracts concluded annually, according to Sergei Osenko, , Head of the Main Insurance Supervision Department of the Ministry of Finance, BELTA reports.
17 December 2025BELARUS: In January-October, both GWP and paid claims saw a rise
From January to October 2025, GWP on the Belarusian insurance market amounted to BYN 2,351.7 million (~EUR 680 million), which is 8.6% more y-o-y, according to the Ministry of Finance of the Republic of Belarus.
11 December 2025STATISTICS: BELARUS, 3Q2025: Double-digit growth of paid claims, outpacing premiums
At the end of 3Q2025, the Belarusian insurance market totaled BYN 2,100.47 million (EUR 592.63 million), which in local currency is 8.86% more y-o-y, according to data published by the Ministry of Finance of the Republic of Belarus.
25 November 2025BELARUS: Voluntary and compulsory insurance increased in January-July
From January to July 2025, GWP in the Belarusian insurance sector amounted to BYN 1,665.9 million (~EUR 445.42 million), which represents an 11.7% increase compared to the same period in 2024, according to the Ministry of Finance of the Republic of Belarus.
2 October 2025STATISTICS: BELARUS, 1H2025: About 67% of all payments are for voluntary insurance
In the first half of 2025, the insurance market of Belarus amounted to BYN 1,414.81 million (EUR 407.30 million), which is 11.59% more y-o-y in local currency, as data published by the Ministry of Finance of the Republic of Belarus show.
8 September 2025BELARUS: the market grew by 12% in January-May
In January-May 2025, the insurance market in Belarus amounted to BYN 1,188.72 million (~EUR 351.44 million), which is 12.1% more y-o-y, as reported by the Ministry of Finance of the Republic of Belarus.
17 July 2025STATISTICS: BELARUS, 1Q2025: 66% of all claims paid in voluntary insurance
In 1Q2025, the insurance market in Belarus amounted to BYN 710.46 million (EUR 211.50 million), which in local currency is 12.13% more y-o-y, according to data published by the Ministry of Finance of the Republic of Belarus.
11 June 2025
