Developing modern reinsurance infrastructure in the Republic of Belarus
Improving the level of insurance market reliability, competitiveness and insurance market efficiency
Strengthening financial sustainability and solvency of the national insurance companies
We are happy to welcome you on the corporate website of Belarusian National Reinsurance Organization. State Unitary Enterprise “Belarusian National Reinsurance Organization” is the first and the only specialized reinsurance company in the Republic of Belarus.
The first specialized reinsurance organization in the Republic of Belarus was established by the Regulation of the Council of Ministers of the Republic of Belarus dated 4th November, 2006 № 1463 “On Establishment of Belarusian National Reinsurance Organization” in compliance with the Decree of the President of the Republic of Belarus dated 25th of August, 2006 № 530 “On Insurance Operations”.
The basic principles of the Republican unitary enterprise “Belarusian National Reinsurance Organization” performance are responsibility, confidence and transparency in relation to clients and associates. Belarus Re is a professional organization, the staff is a true team, aimed at providing timely and top- quality reinsurance services. While cooperating with our company you can always rely on our competence and fair business. It is precisely this fact that allows us to develop dynamically and successfully
The function of our company is to develop insurance infrastructure of Belarus, to create national reinsurance system and to improve the status of the Republic of Belarus on the international insurance and reinsurance markets.
A high degree of proficiency of the staff is the fundamental resource of our company, which provides required level of profitability. We are ready to create competitive advantages for our associates and to provide appropriate returns at the expense of conservative strategy of our performance. Looking ahead, we anticipate enormous organization progress, our mutual progress, as the result of our mutually beneficial cooperation.
Republican Unitary Enterprise “Belarusian National Reinsurance Organization” is the first specialized reinsurance organization in the Republic of Belarus.
State Enterprise was established by the Resolution of the Council of Ministers of the Republic of Belarus dated 4th November, 2006 #1463 according to the Decree of the President of the Republic of Belarus dated 25th August, 2006 #530 “On Insurance Operations”.
SUE “Belarusian National Reinsurance Organization” in accordance with the legislation of the Republic of Belarus is the sole company which cooperates with foreign insurance and reinsurance organizations on reinsurance of risks, insured on the territory of the Republic of Belarus.
Number of contracts
since January 2020 *
39
Signed Incoming Premium
since January 2020 *
21762569
Paid Claims
since January
2020 *
0
Facultative
For the period of 2017, Belarus Re entered into 3,024 reinsurance contracts on a facultative basis
Treaty
Reinsurance under a contract between insurers and reinsurers, when the latter are obliged to take into reinsurance all the risks that satisfy the terms of the contract.
Nuclear Pool
The peculiarity of the world pooling system is that it is possible to reinsure risks only in the countries where NPP operate or where there are national nuclear insurance pools.
Reinsurance Operations
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Cooperation Agreement
For the period of its activity Belarus Re has entered into more than 140 cooperation agreements.
Glossary
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Legislation
Legislation Republic of Belarus
Financials
Annual Reports
Belarus Re provided OJSC Joint Stock Company Olivaria Brewery with property and business interruption insurance for the total amount of EUR 26 m.
Belarus Re provided OJSC Belavia airlines with aircraft and civil liability insurance of the aircraft owners for the total amount of USD 23 bl.
Belarus Re provided LLC OMA with property insurance cover in the amount of BYN 93 m.
The Federation of Trade Unions of Belarus calls for the speedy implementation of a mechanism to insure the risk of non-payment of salaries in case of bankruptcy of an ...
For January – September 2019, the insurance companies of the Republic of Belarus received BYN 1030 m of insurance premiums under direct insurance and co-insurance. The growth of ...
For January – August 2019, the insurance companies of the Republic of Belarus received BYN 922.9m of insurance premiums under direct insurance and co-insurance. The growth of ...
