Belarus’ insurance cos collect Br737.7m in premiums in Jan-Jun 2020, up 6.9%/yr
<p> MINSK, Jul 29 – PrimePress. Belarusian insurance companies increased collection of direct and co-insurance premiums by 6.9% on the year in January-June 2020 to 737.7 million Belarusian rubles (Br) ($306,061 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-Jun 2020 stands at Br264.9 million ($109.903m), up 2.9% on the year. </p> <p> </p> <p> The total value of voluntary insurance policies sold in Jan-Jun 2020 stands at Br472.8 million ($196.158 million), up 8.4% on the year. </p> <p> </p> <p> Voluntary insurance accounts for 64.1% of total revenues in Jan-Jun 2020 (62.7% in Jan-Jun 2019). </p> <p> </p> <p> Belarusian insurers paid out Br383.1 million ($158.942 million) in compensations in Jan-Jun 2020, up 12.9% year on year. </p> <p> </p> <p> The compensation to premium ratio reached 51.9% in Jan-Jun 2020, compared with 48.4% in Jan-Jun 2019. State-owned insurance companies Belgosstrakh and Beleximgarant account for 54% of the total value of compensation payments. </p> <p> </p> <p> As of Jun 1, 2020, there were 16 insurers in Belarus. The average number of full-time employees of insurance companies in Belarus stood at 8,841 as of Jul 1, 2020 compared with 8,754 as of Jul 1, 2019. End (Br2.4103/$1) </p>
2020-07-30
Primepress
Belarus’ insurance cos collect Br737.7m in premiums in Jan-Jun 2020, up 6.9%/yr
MINSK, Jul 29 – PrimePress. Belarusian insurance companies increased collection of direct and co-insurance premiums by 6.9% on the year in January-June 2020 to 737.7 million Belarusian rubles (Br) ($306,061 million at the NBB rate), the Belarusian Finance Ministry said in a release.
The total value of mandatory insurance policies sold in Jan-Jun 2020 stands at Br264.9 million ($109.903m), up 2.9% on the year.
The total value of voluntary insurance policies sold in Jan-Jun 2020 stands at Br472.8 million ($196.158 million), up 8.4% on the year.
Voluntary insurance accounts for 64.1% of total revenues in Jan-Jun 2020 (62.7% in Jan-Jun 2019).
Belarusian insurers paid out Br383.1 million ($158.942 million) in compensations in Jan-Jun 2020, up 12.9% year on year.
The compensation to premium ratio reached 51.9% in Jan-Jun 2020, compared with 48.4% in Jan-Jun 2019. State-owned insurance companies Belgosstrakh and Beleximgarant account for 54% of the total value of compensation payments.
As of Jun 1, 2020, there were 16 insurers in Belarus. The average number of full-time employees of insurance companies in Belarus stood at 8,841 as of Jul 1, 2020 compared with 8,754 as of Jul 1, 2019. End (Br2.4103/$1)