Belarus Insurance Market Size by Segment (Life, General and Reinsurance), Trends, Competitive Landscape and Forecast, 2022-2026
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Belarus insurance market size was $679.9 million in 2021. The industry forecasts to increase at a CAGR of more than 8% during 2021-2026. Belarus insurance industry research report provides historical values for Belarus’s insurance segment for the report’s review period, and projected figures for the forecast period. The report offers a detailed analysis of the key categories in Belarus’s insurance segment and market forecasts to 2026. The report also provides profiles of top insurance companies in Belarus and outlines the key regulations affecting them.
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Key Trends in the Belarus Insurance Industry
The Republic of Belarus implemented new tariff rates for crop, animal and poultry obligatory insurance for the year 2020 on January 23, 2020. The new tariff came into effect on January 1, 2020, and was retroactive.
Belarus will begin offering voluntary pension insurance from October 1, 2022. The government signed a decree on optional extra paid pension insurance on September 27. Employees will be able to make an extra insurance contribution for a funded pension of up to 10% of salaries beginning October 1, 2022, according to the legislation.
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The Key Segments in the Belarus Insurance Industry
The key segments in the Belarus insurance industry are life insurance and general insurance. General insurance has the highest share in the Belarus insurance industry.
In the Belarus general insurance market property, motor, liability, financial lines, MAT, and PA&H are the major line of businesses.
Belarus Insurance Industry, by Segments
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Key Life Insurance Competitors in the Belarus Insurance Industry
The key life insurance competitors in the Belarus insurance industry are Stravita Insurance Company, Priora Life Unitary Insurance Company, Promtransinvest Insurance, Inc., Belneftestrah, Task Insurance Company, Belrosstrakh Insurance Company, Kupala Insurance Company, Asoba Limited Liability Insurance Company, and others. Stravita Insurance Company was the leading life insurance company.
Belarus Insurance Industry, by Life Insurance Competitor
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Key General Insurance Competitors in the Belarus Insurance Industry
The key general insurance competitors in the Belarus insurance industry are Belgosstrakh, the Belarusian Republican Unitary Insurance Company, Promtransinvest Insurance, Inc., Task Insurance Company, Eximgarant of Belarus, Kupala Insurance Company, Euroins, and others. Belgosstrakh, the Belarusian Republican Unitary Insurance Company, was the leading general insurance company in Belarus.
Belarus Insurance Industry, by General Insurance Competitor
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Market overview
Market size 2021 | $679.9 million |
CAGR % (2021-2026) | >8% |
Key segment | Life Insurance and General Insurance |
Key life insurance competitor | Stravita Insurance Company, Priora Life Unitary Insurance Company, Promtransinvest Insurance, Inc., Belneftestrah, Task Insurance Company, Belrosstrakh Insurance Company, Kupala Insurance Company, Asoba Limited Liability Insurance Company, and Others |
Key general insurance competitors | Belgosstrakh, the Belarusian Republican Unitary Insurance Company, Promtransinvest Insurance, Inc., Task Insurance Company, Eximgarant of Belarus, Kupala Insurance Company, Euroins, and Others |
Scope
This report provides a comprehensive analysis of the Belarus insurance industry –
- It provides historical values for the Belarus insurance industry for the report’s review period, and projected figures for the forecast period.
- It offers a detailed analysis of the key categories in the Belarus insurance industry, and market forecasts to 2026.
- It profiles the top life insurance companies in Belarus and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Belarus industry, and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Belarus’s insurance industry.
- Assess the competitive dynamics in the Belarus insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Promtransinvest Insurance, Inc. (Closed Joint Stock Insurance Company)
Eximgarant of Belarus
Euroins
Stravita Insurance Company
Task Insurance Company - Closed Joint Stock Insurance Company
Kupala Insurance Company - Vienna Insurance Group
Ingosstrakh
Table of Contents
Frequently asked questions
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What was the Belarus insurance industry market size in the year 2021?
The Belarus insurance industry market was valued at $679.9 million in the year 2021.
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What is the Belarus insurance industry growth rate?
The Belarus insurance industry forecasts to increase at a CAGR of more than 8% during 2021-2026.
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What are the key segments in the Belarus insurance industry?
The key segments in the Belarus insurance industry are life insurance and general insurance.
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Who are the key life insurance competitor in the Belarus insurance industry?
The key life insurance competitors in the Belarus insurance industry are Stravita Insurance Company, Priora Life Unitary Insurance Company, Promtransinvest Insurance, Inc., Belneftestrah, Task Insurance Company, Belrosstrakh Insurance Company, Kupala Insurance Company, Asoba Limited Liability Insurance Company, and others.
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Who are the key general insurance competitors in the Belarus insurance industry?
The key general insurance competitors in the Belarus insurance industry are Belgosstrakh, the Belarusian Republican Unitary Insurance Company, Promtransinvest Insurance, Inc., Task Insurance Company, Eximgarant of Belarus, Kupala Insurance Company, Euroins, and others.
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