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 in the same period in 2018. Insurance premiums for compulsory insurance in the first half of the year – Br257.2 million (Br14.5 million more). The proportion of voluntary types of insurance in the total amount of insurance premiums is 62.7% (60% for January-June 2018).

In January-June 2019, insurance indemnity and insurance coverage payments in Belarus totaled Br333.6 million, which is Br28 million more than in the same period in 2018. The level of insurance payments in the total amount of insurance premiums for January-June 2019 amounted to 48.4% (for January-June 2018 – 50.3%).

Source: http://www.minfin.gov.by

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