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BELARUS: pension agreement between Belarus and Czech Republic entered into force on October 1
The pension agreement d/d March 14, 2018 between Belarus and Czech Republic entered into force on October 1, as BELTA agency informed with reference to the Ministry of Labor and Social protection of Belarus.
8 October 2019BELARUS: innovations in compulsory insurance against industrial accidents and occupational diseases
Based on the decision of the Council of Ministers d/d August 29, 2019, from September 1st, innovations in compulsory insurance against industrial accidents and occupational diseases entered into force, BELTA news agency informs.
19 September 2019BELARUS: decree "On insurance" provides for innovations from September
As of September 1, 2019, the limits of insurance indemnity for accidents, documented without traffic police, have increased from EUR 400 to EUR 800 in Belarus, the BELTA news agency informs.
5 September 2019STATISTICS: BELARUS, 1H2019: life insurance increased by almost 31% y-o-y
In the first half of 2019, GWP of the Belarusian market amounted to BYN 689.9 million (EUR 296.72 million), which in local currency is 13.63% more y-o-y. At that, paid claims increased by only 9.16%, to BYN 333.56 million (EUR 143.46 million), data published by the Ministry of Finance show.
29 August 2019Eximgarant of Belarus, EXIAR sign agreement on unified reinsurance platform
28 August 2019BELARUS: concept bill "On insurance" to expand possibilities in compulsory insurance and change strict a licensing
The Belarussian Ministry of Finance is preparing a concept bill "On insurance", which will establish a uniform approach for insurer activity, as well as expand possibilities for state and non-state insurers in compulsory insurance for placing and investing funds and insurance reserves, BELTA news agency reports.
7 August 2019BELARUS: from January-May the market grew by almost 14% y-o-y
GWP of Belarussian insurers from January to May this year amounted to BYN 578.9 million (~EUR 248.1 million), which is 13.8% more y-o-y, according to the Ministry of Finance of the Republic.
11 July 2019BELARUS: significant changes expected in the insurance sector from September 1
Presidential Decree #175 "On insurance" d/d May 11, 2019 calls for a number of significant changes for the insurance market from September 1, 2019, Minsk-News reports.
27 June 2019STATISTICS: BELARUS, 1Q2019: market GWP went up by more than 12% y-o-y, while paid claims ratio decreased by 4.6%
In 1Q2019, GWP of the Belarusian market amounted to BYN 336.41 million (EUR 140.82 million), 12.30% more y-o-y, data published by the Ministry of Finance, show.
30 May 2019STATISTICS: BELARUS, FY2018: The market grew by more than 14%
In 2018, total market GWP reached BYN 1,226.04 million (EUR 495.69 million), which is 14.57% more y-o-y, according to figures published by the Ministry of Finance of the Republic. Market growth in Euro looks much more moderate (9.10%).
18 April 2019BELARUS: S&P affirmed 'B/B' ratings, outlook stable
On April 5, 2019 S&P Global Ratings affirmed a 'B/B' long and short-term foreign and local currency sovereign ratings for Belarus, the outlook remains stable, the agency reported.
10 April 2019Fitch affirms Eximgarant of Belarus at 'B'
8 April 2019BELARUS: market growth in January 2019 exceeded 16% y-o-y
In January 2019, local market GWP amounted to BYN 123.8 million (+16.4% y-o-y), according to market figures published by the Ministry of Finance of the Republic.
14 March 2019EUROINS acquires ERGO subsidiaries in Czech Republic, Romania and Belarus
Bulgaria-based Euroins Insurance Group (EIG) has made a purchase agreement with Germany-based ERGO International AG for buying 4 ERGO insurance companies. EIG will take control over ERGO's life and non-life subsidiaries in Romania and Czech Republic, as well as the non-life company in Belarus.
7 March 2019BELARUS: IMKLIVA Insurance received a gold medal as the Brand of the Year 2018
Insurance company IMKLIVA was awarded a gold medal and Grand-Prix at the Brand of the Year 2018 competition, as the Belarusian Association of Insurers informed.
14 February 2019BELARUS: FITCH confirmed sovereign credit rating of Belarus at 'B' level, outlook stable
International rating agency FITCH Ratings on January 18, 2019 confirmed tong-term and short-term sovereign credit ratings of Belarus for obligations in foreign and national currency at 'B' level, outlook stable.
23 January 2019BELARUS: GWP growth for Jan-Nov 2018 amounted to almost 17% y-o-y, while paid claims' share in total premiums remained unchanged
For January-November in 2018 GWP of the Belarusian insurers amounted to BYN 1.1 billion, at that y-o-y growth of GWP reached 16.7%, according to the data, published by the Ministry of finance of the Republic.
9 January 2019BELARUS: market share of voluntary insurance for 10 months went up to almost 60% y-o-y
For January-October 2018 GWP of the local insurers amounted to BYN 1.01 billion. Growth rate reached 16.7%, according to the data, published by the Ministry of finance of Belarus.
6 December 2018STATISTICS: BELARUS, 3Q2018: paid claims amounted to almost half of the total market GWP
Insurers of Belarus for 3 quarters in 2018 generated GWP in the amount of BYN 906.62 million (EUR 369.49 million). The market growth in local currency reached 16.1% and in euro the growth was less impressive - by 9.49% only.
29 November 2018BELARUS: GWP growth rates remain above the 15% threshold
For 8 months this year insurers of Belarus generated GWP in the amount of BYN 804.9 million. At that growth rates remain above the 15% threshold, according to the data, published by the Ministry of Finance.
31 October 2018
