The country's insurance market is represented by 18 insurance companies, 8 of which are state-owned or with a state shareholding, as well as 10 private companies, 6 of which are foreign owned, said Sergei Kachan.
"If we were to compile a rough list of the top insurance types, personal insurance has undoubtedly held the top spot for many years. It accounts for approximately 46% of all insurance premiums. And if we delve deeper into its structure, 38% is compulsory accident and occupational disease insurance, 28% is voluntary health insurance, and 24% is life and health insurance", he explained.
Sergei Kachan emphasized that property insurance traditionally ranks second, accounting for approximately 33%. It is followed by liability insurance, which accounts for 17%, and compulsory MTPL accounts for the majority of this.
Sergei Yakubitsky, General Director of the Belarusian Republican Unitary Insurance Company Belgosstrakh, added that the insurance culture of Belarusians is growing. In 2025, more than 6 million contracts were concluded with Belgosstrakh, almost 3 million of which were voluntary. He believes that voluntary insurance for medical expenses and household assets is currently gaining momentum. A particular surge in household asset insurance occurred in 2024–2025 during the hurricane season.
* 1 EUR = 3.4170 BYN (December 31st, 2025)
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