Insurance premiums in Belarus in the first half of the year increased by 13.6%.

Direct insurance and co-insurance premiums of insurance companies of Belarus in January-June amounted to Br689.9 million, the growth rate compared to the same period in 2018 is 113.6%, BelTA learned from the Ministry of Finance. For voluntary types of insurance for January-June 2019, insurance premiums amounted to Br432.7 million, which is Br68.2 million more than […]

Category: Market news

Designers’ liability insurance for documentation may be introduced in Belarus.

In Belarus, professional liability insurance for the developed project documentation is being worked out, the Minister of Architecture and Construction Dmitry Mikulenok told reporters, BelTA has learned. According to the minister, the work of designers causes a lot of fair complaints. “We are dealing with this topic. Unfortunately, we have not yet found a common […]

Category: Market news

The Ministry of Finance initiates changes in the insurance industry.

The Ministry of Finance of Belarus has begun preparing the concept of the law “On Insurance Activities”. Natalya Novikova, Deputy Head of the Main Department of Insurance Supervision of the Ministry of Finance, spoke about the proposed innovations in a material published in the journal Finance. Accounting. Audit, BelTA informs. So, it is proposed to […]

Category: Market news

Minimum Requirements for Health Insurance

The Ministry of Finance of the Republic of Belarus approved (Resolution No. 11 as of 22 March 2019) the Instruction of Minimum (Standard) Requirements to Voluntary Health Insurance. This document contains definitions for an object insured and events insured as per voluntary insurance.  As specified, Voluntary Health Insurance Contract shall cover any events insured that […]

Category: Market news

The Ministry of Finance plans to move away from rates in euro on compulsory insurance contracts for civil liability of vehicle owners services and foreign medical insurance.

The Ministry of Finance plans to withdraw from setting insurance premiums under compulsory insurance contracts for civil liability of vehicle owners and compulsory health insurance for foreign citizens arriving in Belarus in euros, Sergei Osenko, Head of the Insurance Supervision Department of the Ministry of Finance, told reporters at the press center of BelTA. “This […]

Category: Market news

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