Life insurance grew by more than 11% to BYN 221.52 million, although its share in the market portfolio slightly decreased. Growth in non-life insurance almost reached 15% y-o-y, and GWP amounted to BYN 1,505.05 million.
Voluntary insurance classes are growing more dynamically than mandatory ones. The increase in mandatory insurance amounted to only 8.52%.
In January-December 2021, paid claims in the country amounted to BYN 1,065.1 million (EUR 369.49 million), which is 30.73% more y-o-y. Some classes recorded a decrease in paid claims, such as, for example, cargo insurance and Green Card.
Of the 16 insurance companies of the republic, BELGOSSTRAKH is still leaning in terms of GWP (BYN 793.43 million), STRAVITA kept the second position (BYN 141.03 million), PROMTRANSINVEST moved to the fourth one, giving the third to BELNEFTESTRAKH.
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