Belarus’ insurance cos collect Br501.9m in premiums in Jan-Apr 2020, up 9.5%/yr
<p> MINSK, Jun 4 – PrimePress. Belarusian insurance companies increased collection of direct and co-insurance premiums by 9.5% year on year in Jan-Apr 2020 to 501.9 million Belarusian rubles (Br) ($210.13 million at the NBB rate), the Belarusian Finance Ministry said in a release. </p> <p> </p> <p> The total value of mandatory insurance policies sold in Jan-Apr 2020 stands at Br172.6 million ($72.3m), up 4.8% on the year. </p> <p> </p> <p> The total value of voluntary insurance policies sold in Jan-Apr 2020 stands at Br329.3 million ($137.9 million), up 12.1% on the year. </p> <p> </p> <p> Voluntary insurance accounts for 65.6% of total revenues in Jan-Apr 2020 (64.1% in Jan-Apr 2019). </p> <p> </p> <p> State-owned insurance companies Belgosstrakh and Beleximgarant account for 50.6% of the total value of insurance premiums collected – Br254.12 million ($106.4m). </p> <p> </p> <p> Belarusian insurers paid out Br257.7 million ($107.9 million) in compensations in Jan-Apr 2020, up 20.7% year on year. </p> <p> </p> <p> The compensation to premium ratio reached 51.3% in Jan-Apr 2020, compared with 46.6% in Jan-Apr 2019. Belgosstrakh and Beleximgarant account for 53.1% of the total value of compensation payments. </p> <p> </p> <p> As of May 1, 2020, there were 16 insurers in Belarus. The average number of full-time employees of insurance companies in Belarus stood at 8,909 as of May 1, 2020 compared with 8,737 as of May 1, 2019. End (Br2.3885/$1) </p>
2020-06-05
Primepress
Belarus’ insurance cos collect Br501.9m in premiums in Jan-Apr 2020, up 9.5%/yr
MINSK, Jun 4 – PrimePress. Belarusian insurance companies increased collection of direct and co-insurance premiums by 9.5% year on year in Jan-Apr 2020 to 501.9 million Belarusian rubles (Br) ($210.13 million at the NBB rate), the Belarusian Finance Ministry said in a release.
The total value of mandatory insurance policies sold in Jan-Apr 2020 stands at Br172.6 million ($72.3m), up 4.8% on the year.
The total value of voluntary insurance policies sold in Jan-Apr 2020 stands at Br329.3 million ($137.9 million), up 12.1% on the year.
Voluntary insurance accounts for 65.6% of total revenues in Jan-Apr 2020 (64.1% in Jan-Apr 2019).
State-owned insurance companies Belgosstrakh and Beleximgarant account for 50.6% of the total value of insurance premiums collected – Br254.12 million ($106.4m).
Belarusian insurers paid out Br257.7 million ($107.9 million) in compensations in Jan-Apr 2020, up 20.7% year on year.
The compensation to premium ratio reached 51.3% in Jan-Apr 2020, compared with 46.6% in Jan-Apr 2019. Belgosstrakh and Beleximgarant account for 53.1% of the total value of compensation payments.
As of May 1, 2020, there were 16 insurers in Belarus. The average number of full-time employees of insurance companies in Belarus stood at 8,909 as of May 1, 2020 compared with 8,737 as of May 1, 2019. End (Br2.3885/$1)