Insurance Premiums in Belarus Increased by 18.2% for Q1

Insurance premiums of Belarusian organizations under direct insurance and co-insurance for Q1 amounted to BYN448.9m.  The rate of growth is 118.2% as compared to the same period of 2020.

For Q1, insurance premiums under voluntary types of insurance amounted to BYN324.4m.  The share of voluntary types of insurance in the total amount of insurance premiums is 72.3%. The share of personal insurance is 40.6%, property – 48.5%, liability insurance – 7.9%, comprehensive – 3%.

For January- March 2021, insurance premiums under compulsory types of insurance amounted to BYN124.5m, which is 27.7% of the total amount of the insurance premiums.

The share of personal insurance is 34.4%, property – 6.8%, liability insurance – 58.8%.

 

For Q1, payments of insurance indemnity and insurance coverage in the whole country totaled BYN249m, i.e. 65.8% for voluntary insurance and 34.2% for compulsory insurance.

 

A proportion of insurance payments in the total amount of insurance premiums for January – March was 55.5% (for Q1 2020 – 50.4%)

Total amount of insurance reserves formed by insurance companies of the Republic of Belarus  as at April 1, 2021 was BYN 2489.3m

 

 

http://www.belta.by/

Our Partners