Belarus

Location:
Eastern Europe, east of Poland

Climate:
cold winters, cool and moist summers; transitional between continental and maritime

Natural hazards:
NA






Currency: Ruble (BYR)
In July 2016, a new ruble was introduced, at a rate of 1 BYN = 10,000 BYR.
Old and new rubles circulated in parallel from July 1 to December 31, 2016.

1 EUR = 2.045 New Ruble - BYN (December 31st, 2016)
1 EUR = 20,300.00 Ruble - BYR (December 31st, 2015)
1 EUR = 14,380.00 Ruble - BYR (December 31st, 2014)
1 EUR = 13,080.00 Ruble - BYR (December 31st, 2013)
1 EUR = 11,340.00 Ruble - BYR (December 31st, 2012)
1 EUR = 10,800.00 Ruble - BYR (December 31st, 2011)
1 EUR = 3,972.60 Ruble - BYR (December 31st, 2010)

Sources:
The Belarusian Association of Insurers
National Bank of the Republic of Belarus


Insurance statistics

1H2017Market portfolioxlsx
1H2017Insurance Companies Rankingsxlsx
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FY2015Insurance Companies Rankingsxlsx
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FY2014Market portfolioxlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014Market portfolioxlsx
3Q2014Insurance Companies Rankingsxlsx
1H2014Insurance market overview pdf
1H2014Market portfolioxlsx
1H2014Insurance companies rankingsxlsx
1Q2014Market portfolioxlsx
1Q2014Insurance Companies Rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market portfolio (Ministry of Finance of the Republic of Belarus)xlsx
FY2013Market portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Market portfolioxlsx
1H2013Insurance companies rankingsxlsx
1Q2013Market portfolioxlsx
1Q2013Insurance companies rankingsxlsx
FY2012Insurance market overview pdf
FY2012Insurance Companies Rankingsxlsx
FY2012Market portfolioxlsx
3Q2012Insurance Companies Rankingsxlsx
3Q2012Market Portfolioxlsx
1H2012Insurance market overview pdf
1H2012Insurance Companies Rankingsxlsx
1H2012Market Portfolioxlsx
1Q2012Insurance Companies Rankingsxlsx
1Q2012Market Portfolioxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
3Q2011Market portfolio and market profitabilityxlsx
3Q2011Insurance companies rankingxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010Insurance market overviewpdf
2010Market portfolio and rankingsxls
2009Insurance market overviewpdf
2009Market portfolio and rankingsxlsx
1H2010Belarussian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankingsxls

1H2017 Market portfolio

1H2017 Insurance Companies Rankings

See all statistics

Belarusian, British insurance associations agree on cooperation

The Belarusian and British insurance associations have agreed on cooperation. The agreement was reached during a visit of representatives of Belarusian insurance organizations to London on 2-7 November, BelTA learnt from the press service of the Foreign Ministry. The heads of the Belarusian Association of Insurers and the Association of British Insurers agreed on cooperation in sharing information and joint organization of training seminars.

Eximgarant of Belarus, French COFACE sign memorandum of understanding

The state insurance company Eximgarant of Belarus and the French credit insurer COFACE signed a memorandum of understanding, BelTA learnt from the Embassy of Belarus in France. The document envisages information sharing, hands-on experience and cooperation between the Eximgarant of Belarus and COFACE in insurance operations and export-import risks in transactions between economic entities of the two countries.

BELARUS, FRANCE set up joint commission for economic cooperation

An international agreement to set up a joint Belarusian-French intergovernmental commission for economic cooperation was signed in Paris in the presence of Belarusian Vice Prime Minister Piotr Prokopovich and French Secretary of State for Foreign Trade Mr Matthias Fekl, BelTA learned from the Belarusian Embassy in France.

BELARUS: Belagroprombank receives EUR 18m loan from Austria's VTB Bank

Belagroprombank and VTB Bank (Austria) AG have signed a loan agreement. In line with the agreement the Austrian bank will provide Belagroprombank with a EUR 18 million loan, BelTA learned from Belagroprombank. Registered in 1991 Belagroprombank is one of Belarus' biggest commercial banks. The bank's major shareholders are the State Property Committee of Belarus (82.4%), the insurance company Belgosstrakh (9.6%), Belarusian National Reinsurance Organization (5.1%). The bank has over 46,000 corporate clients and 1.8 million individual customers.

BELARUS, 1Q2014: Market declined by 6.53% y-o-y

In 1Q2014 Belarusian insurers received insurance premiums for direct insurance and coinsurance in the amount of BYR 1,634,767.48 million, 6.53% less as compared with January-March 2013. The total value of claims paid by the insurance companies during January- March 2014 period reached BYR 712,026.13 million or EUR 52.47 million.

BELARUS: Swiss insurance companies, Belarusbank to bolster cooperation

Swiss insurance companies are ready to expand cooperation with OAO ASB Belarusbank, the bank's press service told BelTA. During a recent visit to Switzerland the Belarusbank delegation held negotiations with top executives of the Swiss national agency for insuring export loans SERV.

Lukashenko: BELARUS' insurance market needs a boost

The insurance market in Belarus should develop more vigorously, Belarusian President Alexander Lukashenko said at a session to discuss the insurance market of Belarus on 21 March, BelTA has learnt.