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.

Voluntary insurance amounted to BYN 809.87 million, which is BYN 90.55 million more y-o-y. While compulsory types generated BYN 378.85 million, which is BYN 37.79 million more than a year ago.

The share of voluntary insurance in the market portfolio reached 68.1% (vs 67.8% in January-May 2024).

Total paid claims for January-May 2025 amounted to BYN 645.7 million (~EUR 190.90 million), which is BYN 66.8 million more y-o-y. The proportion of paid claims to GWP in the reporting period amounted to 54.3% (in January-May 2024 - 54.6%), the Ministry says.

*EUR 1 = BYN 3,3824 (as of May 31, 2025)