Voluntary health insurance continues to grow actively. The number of people who used this type of insurance in 2021 increased by 21.5%. Considering growth of insurance rates, GWP in this segment amounted to BYN 187.9 million (+36%). At the same time, paid claims reached BYN 142.3 million, which is one of the highest levels of paid claims on the market - over 75%.
One of the leading LoB in terms of growth in 2021 was voluntary insurance against accidents and illnesses while traveling abroad. The number of insured people increased by 72.5% at the end of the year. GWP amounted to BYN 38.2 million, and paid claims - BYN 9.9 million.
In the segment of voluntary life insurance and supplementary pension, in 2021 there were 15.8% more contracts than a year ago. The main growth driver was corporate segment, while the segment of individuals decreased by 2.2%. Increased number of customers allowed GWP to rise to BYN 221.6 million (+11.4%), but paid claims also increased, to BYN 159.9 million.
*1 EUR = 2.8826 BYN (December 31st, 2021)