Premium of the insurance organizations of Belarus for direct insurance and co-insurance in the first half of the year amounted to Br737.7 million and increased compared to January-June 2019 by 106.9%, the Ministry of Finance informed.
As for the voluntary insurance, premium amounted to Br 472.8 million, the share in the total amount of contributions – 64.1% (for the first half of 2019 – 62.7%).
Insurance premiums for compulsory types of insurance for the first half of the year amounted to 264.9 million BYN
In the first half of the year, payments of insurance compensation and insurance coverage in the country as a whole amounted to BYN 383.1 million, which is BYN 49.5 million more than in the same period of 2019. The level of insurance payments in the total amount of insurance premiums in January-June amounted to 51.9% (in January-June 2019 – 48.4%).
In the first half of the year, insurance organizations transferred 64.3 million BYN to the budget and extra-budgetary funds (for January-June 2019 – 69.9 million BYN).