The amount of the insurance payments increased by 7% in January-May

Contributions of insurance organizations of Belarus for direct insurance and co-insurance in January-May amounted to Br436.2 million and increased by 7% compared to January-May 2016. It was reported by the Ministry of Finance to BelTa. As for the voluntary types of insurance, contributions for five months amounted to Br257.5 million, which is Br 32.4 million more that for the same period last year. Insurance premiums for compulsory types of insurance amounted to Br178.7 million, which is Br3.9 million less. The share of voluntary types of insurance in the total amount of insurance premiums was 59% (for January-May 2016 – 55.2%). Payments of the insurance indemnity and insurance coverage for the whole country in January-May amounted to Br211 million (Br8 million more). The level of insurance payments in the total amount of the insurance premiums was 48.4% (for January-May 2016 – 49.8%).

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