In the first quarter of 2026, Belarusian insurance sector totaled BYN 772.64 million (EUR 227.80 million), which is 8.75% more y-o-y, according to data published by the Ministry of Finance.

Insurers collected BYN 550.26 million in voluntary insurance (including imputed and life insurance). Voluntary insurance accounted for 71.2% of the market (vs 72.4% in the first quarter of 2025). In the voluntary insurance portfolio, the largest shares belong to personal insurance - 48.9% and property insurance - 41.1%.

Mandatory insurance in the first quarter amounted to BYN 222.37 million and accounted for 28.8% of the market (vs 27.6% in the first quarter of 2025). In the structure of mandatory insurance, the largest shares are generated by personal insurance (40.2%) and liability insurance (51.0%).

In the first quarter of 2026, total paid claims in the republic reached BYN 417.70 million/+12.08% (EUR 12.22 million), of which voluntary insurance accounted for 65.0% and mandatory insurance - 35.0%. The level of paid claims in total premiums in 1Q2026 was 54.1% (vs 52.5% in the first quarter of 2025).

Access xprimm.com and download the latest Belarusian insurance market statistics for 1Q2026 in EUR and BYN.