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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3Q2016Market portfolioxlsx
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1H2016Market portfolioxlsx
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1Q2016Insurance Companies Rankingsxlsx
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FY2015Insurance Companies Rankingsxlsx
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1H2015Market portfolioxlsx
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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

BELARUS: Insurance up 96% in 1Q2013

Belarusian insurance market totaled BRY 1,749 billion (equivalent of EUR 157 million) during the first three months of 2013, up by 95.8%, compared to January-March 2012, The Belarusian Association of Insurers reported. Meanwhile, the total value of claims paid by the insurance companies during January-March 2013 period reached BYR 580 billion or EUR 52 million.

BELARUS: BELARUS Re to positive from stable

Standard & Poor's Ratings Services said today that it had revised its outlook on Belarusian National Reinsurance Organization (Belarus Re) to positive from stable. At the same time we affirmed the 'B-' counterparty credit and insurance financial strength ratings on Belarus Re.

BELARUS: FITCH affirms BELGOSSTRAKH and EXIMGARANT

Fitch Ratings has affirmed Belarusian Republican Unitary Insurance Company's (Belgosstrakh) and Export-Import Insurance Company of the Republic of Belarus's (Eximgarant) Insurer Financial Strength (IFS) ratings at 'B-'. The Outlooks are Stable.

BELARUS, FY2012: The market was "hit" by a double-digit increase in GWP and profit

The Belarusian insurance market continued its upward path stagnating last year as the local insurance companies collected premiums worth BYR 4,338 billion (EUR 382 million), up by over 83 percent y-o-y, informed the Belarusian Association of Insurers. In terms of paid claims, the Association reports a 4% y-o-y increase, the 24 market players paying almost BYR 2,065 billion (EUR 182 million).

BELARUS, 3Q2012: Insurance market has doubled y-o-y

Belarusian insurance market totaled BYR 3,566 billion for the first nine months of 2012, informed the Belarusian Association of Insurers, 98.5% more compared with January-September 2011. Calculating in the European currency, due the devaluation of BYR in relation to EUR, the insurance market shows a less pronounced increase: EUR 324 million, up 38% y-o-y.

IFRS to enable BELARUSIAN companies to access international capital markets

The use of international financial reporting standards (IFRS) will help Belarusian companies to get access to international capital markets, chief of the main department for accounting, reporting and audit of the Finance Ministry of Belarus Tatiana RYBAK told an online conference on the BelTA website on 18 December.

BELARUS, 1H2012: The market continues its fast rise

According to results published by the Belarusian Association of Insurers, in 1H2012, total premiums in the insurance market rose in local currency by over 120% year-on-year to BYR 1,966 billion. In European currency, due the devaluation of BYR in relation to EUR, the insurance market shows a moderate increase in terms of GWP: EUR 189.7 million, up 52.92% compared to 1H2011.