According to the press service of the Parliamentary Assembly of the Union of Belarus and Russia, following the last meeting of the Parliamentary Assembly Commission on Legislation and Regulations, it was decided to develop a model law on compulsory motor insurance, BELTA informed.
In 2021, total GWP of insurers amounted to BYN 1,726.57 million (EUR 598.96 million), which is 14.33% more y-o-y in local currency, according to the data published by the Ministry of Finance of the Republic. It should be noted that due to a significant change in the exchange rate of the Belarusian ruble against euro compared to December 2020, the market result in euro looks more impressive (+25.65%).
BelVEB Strakhovanie insurance company has "switched" from non-life to life insurance on January 3, 2022, which is the first and only such experience on the Belarusian insurance market, the Belarusian Association of Insurers reported.
For the first 9 months of 2021, total GWP of the insurance sector of the Republic amounted to BYN 1 319.7 million (EUR 451.31 million), which is 20.30% more y-o-y in local currency, according to the data published on the website of the Ministry of Finance.
In accordance with the Order of the Ministry of Finance, from November 4, 2021, Gennady TIMOSHEVICH has been appointed new General Director of the Republican Unitary Enterprise "Belarusian National Reinsurance Organization" (Belarus Re), the reinsurer said.
The winners of the republican business competition "Noble Taler. Finance - 2021", the award ceremony took place on October 8 in Minsk. Business unions have awarded "Noble Taler" - the highest award of the business community of Belarus - to 12 financial organizations, according to the website of the
The draft law "On insurance activities" will be submitted to the House of Representatives in April 2022, Lyudmila NIZHEVICH, Chairperson of the Standing Committee on Budget and Finance of the Lower House, told BELTA.
In Belarus, voluntary pension insurance will be launched from October 1, 2022. On September 27, President of Belarus Alexander Lukashenko signed a decree "On voluntary insurance of additional funded pension", BELTA reports citing the press service of the head of state.
In 1H2021 GWP of insurance organizations of the republic amounted to BYN 874.7 million (EUR 290.11 million), which is about 18.6% more y-o-y, according to the data published by the Ministry of Finance.
In 2020, the budget of the public non-budgetary fund for social protection in the Republic of Belarus was executed with a surplus of BYN 213.9 million from professional pension insurance, said Yulia MURINA, Deputy Chairperson of the Standing Committee on Budget and Finance of the House of Representatives, BELTA informed.
In 1Q2021 the Belarusian insurance market grew by 18.15% to BYN 448.86 million (EUR 145.69 million), according to data published by the Ministry of Finance of the Republic. It should be noted that the market also recorded growth in EUR - by 10.42%.
In February 2021, the Belarusian Transport Insurance Bureau celebrated its 22nd anniversary. The magazine Insurance in Belarus notes that for many years the level of coverage with this type of insurance has been about 98% and according to this indicator in the Green Card system, the Republic of Belarus occupies one of the leading positions.
In 2020, total GWP of the Belarusian insurance market amounted to BYN 1,510.2 million (EUR 476.70 million), which is 7.61% more y-o-y in BYN. At the same time, total number of insurance contracts decreased by 16.5%, according to the data published by the Ministry of Finance of the Republic.
In 2020, the insurance sector was no exception among the sectors of the Belarusian economy affected by COVID. According to ASOBA company, the most vulnerable types of insurance were such products as Green Card policies and voluntary insurance against accidents and illnesses for travelling abroad, which are the most profitable, writes the magazine Insurance in Belarus.
In Belarus, to support and stimulate exports, amendments have been made to the rules for insurance of export risks, BELTA informed with reference to the department for interaction with the media and editorial activities of the General Prosecutor's Office.
On January 20, at a meeting of the Commission of the Parliamentary Assembly of the Union of Belarus and Russia on legislation and regulations, it was proposed to extend validity of MTPL policies issued in Belarus and Russia to the entire territory of the Union State, BELTA informs.
In the first eleven months of 2020, GWP of the Belarusian insurance market amounted to approximately BYN 1.36 billion (~EUR 0.44 billion*), which is 8.8% more y-o-y, according to the Ministry of Finance of the Republic.
Macedonian Actuarial Association Association Actuaires du Monde Sessions: 11 May 2022, 14:00 CET until 17:30 CET 2 June 2022, 14:00 CET until 17:30 CET 22 June 2022, 14:00 CET until 17:30 CET More detailshere
Taets Art & Event Park. 29-30 June, 2022 Organizers: Reggy de Feniks and Roger Peverelli Media Partner: XPRIMM Publications For details: https://www.digitalinsuranceagenda.com