Belarus
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Belarus 1H2024 Market Portfolio
Belarus 1Q24 Market Portfolio
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Latest news
Fitch 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 2018BELARUS: Fitch affirms Belgosstrakh's IFS Rating at 'B'
10 October 2018BELARUS: GWP y-o-y growth for January-July exceeded 15%
For the period of January-July 2018 Belarusian insurers generated BYN 705.2 million* of GWP (direct insurance and co-insurance). Annual growth of premiums (compared to the same period in 2017) amounted to 15.2%, as reported by the Ministry of Finance of the Republic.
11 September 2018STATISTICS: BELARUS, 1H 2018 result: life paid claims saw significantly rapid growth y-o-y by 107.17%
In the first half year GWP of Belarusian insurers amounted to BYN 607.18 million (EUR 262.37 million), 15.68% more than a year ago. At that non-life segment, accounting for over 90% of the market, grew by 15.89%, according to the Ministry of Finance.
5 September 2018BELARUS: FITCH Ratings confirmed sovereign credit rating of Belarus at B level with stable forecast
The Rating agency FITCH Ratings on July 20, 2018 confirmed long-term and short-term sovereign credit ratings of Belarus on foreign and local currency obligations at the B level with stable forecast.
9 August 2018BELARUS: 5 months' result demonstrated 16.6% market growth
Belarusian insurance market bottom-lined 5 months' result show this year GWP amounted to BYN 508.8 million* and the growth rate, compared to the same period last year, amounted to 16.6%, informed the Ministry of Finance of the Republic on its official website.
9 July 2018BELARUS: insurance market's growth during 4 months this year totaled 18.9%
Belarusian insurance market during January-April 2018 increased by 18.9% compared to the same period a year ago. During the first four months local insurers generated BYN 402.2 million*, said the Ministry of Finance of Belarus.
2 July 2018BELARUS: Belarusian insurance market is expecting liberalization and changes
The planned changes in the local insurance sector will affect life insurance. Besides, the market is expecting liberalization, correction of working conditions and development of online insurance, said the Head of the insurance supervisory main department at the Ministry of Finance of Belarus - Sergey OSENKO during his interview for BELTA (Belarusian information agency).
14 June 2018Belarus: FITCH expects Belarusian insurance sector to remain under the state-owned companies' dominance
State-owned companies will continue to dominate the insurance market of Belarus in the medium term, the latest FITCH Ratings' report states.
31 May 2018STATISTICS: Belarus 1Q2018: y-o-y GWP growth rate of 18%, voluntary classes are increasing
During Q1 2018 GWP of Belarusian insurers from direct insurance and co-insurance amounted to BYN 299.6 million. GWP growth rate for the first 3 months compared to the same period a year ago was 18%.
24 May 2018BELARUS, 1Q2018: GWP increase by 18% y-o-y
In 1Q2018 Belarusian insurers generated GWP of direct insurance and co-insurance in the amount of BYN 299.6 million (~EUR 125 million), which is 18% more than a year before, - informed the Ministry of Finance of the Republic.
10 May 2018Fitch affirms Eximgarant of Belarus at 'B' 19 April 2018
19 April 2018
