Eastern Europe, east of Poland

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

Natural hazards:

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)

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

Insurance statistics

1H2017Market portfolioxlsx
1H2017Insurance Companies Rankingsxlsx
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1Q2017Insurance Companies Rankingsxlsx
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FY2016Insurance Companies Rankingsxlsx
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1Q2016Insurance Companies Rankingsxlsx
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FY2015Insurance Companies Rankingsxlsx
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FY2014Insurance Companies Rankingsxlsx
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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

Belarus 1H2018 Market Rankings

Belarus 1H2018 Market Portfolio

See all statistics

BELARUSIAN GWP rose 135% y-o-y in first Quarter

According to results published by the Belarusian Association of Insurers, in 1Q2012, total premiums in the insurance market rose in local currency by 135% year-on-year to BYR 893 billion. In European currency, due the hyper-devaluation of BYR in relation to EUR, the insurance market did not show growth in terms of written premiums: EUR 83.4 million, representing a decrease of 5.6%. Despite this "sensible reality", last month, the FITCH Agency granted state insurance companies the stable outlook. Thus, the financial strength rating of BELGOSSTRAKH, BELEKSIMGARANT and Belarusian National Reinsurance Organization coincides with the country rating:  B-; "stable" outlook. According to FITCH, the positive evaluation will have a positive impact on the investment inflow and participation of organizations in international projects.

BELARUS: Insurance Companies Yielded $36 Million in January

In January 2012, the existing insurance companies of Belarus received Br295.3 billion of insurance premiums for direct insurance and coinsurance (about $36 million). The income increase amounted to Br171.2 billion, or 138% at current prices compared to January 2011. This was reported in the Ministry of Finance of Belarus.

BELARUS, FY2011: Insurance market shocked by BYR "hyper-devaluation"

According to results published by The Belarusian Association of Insurers, in 2011, total premiums in the insurance market rose in local currency by 76% year-on-year to BYR 2,362 billion. In European currency, due the devaluation of BYR in relation to EUR, the insurance market did not show growth in terms of written premiums: EUR 219 million, representing a decrease of 35%.

BELARUS: The profit has tripled in the first nine months

During January - September of 2011, the insurance companies in Belarus underwrote premiums worth BYR 1,527.25 (EUR 200 million), about 58% higher than the similar time of 2010. Altogether, the insurance companies paid claims of BYR 879.45 billion (EUR 115 million), 53% higher than in the similar period of 2010, according to the data published by the The Belarusian Association of Insurers.

50% increase for the Belarusian insurance market in first half

Insurance companies from Belarus registered a 44.7% increase in underwritings in the first quarter, reporting gross premiums worth RUB 887.2 billion, said, for XPRIMM News, Irina MERZLYAKOVA, President of Belarus Insurers Association, during the International Financial Forum in Yalta. Of these, voluntary insurance owns a share of 49.9% or RUB 443.1 billion.