The Insurance Industry in Belarus, Key Trends and Opportunities to 2020
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GlobalData’s 'The Insurance Industry in Belarus, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Belarusian insurance industry.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast (2015–2020) periods.
The report also gives a comprehensive overview of the Belarusian economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry.
The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country.
The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Scope
This report provides a comprehensive analysis of the insurance industry in Belarus:
• It provides historical values for the Belarusian insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
• It offers a detailed analysis of the key segments in the Belarusian insurance industry, with market forecasts to 2020.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
• It profiles the top insurance companies in Belarus, and outlines the key regulations affecting them.
• It covers the economic and demographic structure of Belarus.
• It analyzes the impact of natural hazards on the Belarusian insurance industry.
Key Highlights
• Belarus's real GDP shrank as a result of its high energy and financial dependence on Russia during the ongoing regional crisis, as well as declines in industrial production and exports.
•The Belarusian insurance industry’s penetration was 0.1% in 2015, which was lower than neighboring Russia (3.18%), Poland (3.17%) and Ukraine (1.35%).
• The industry is led by the non-life segment, which accounted for 82.3% of the overall direct written premium in 2015.
• On July 1, 2014 the Ministry of Finance announced new procedures and conditions for obligatory medical insurance for foreign citizens and those with temporary residency.
• Five insurance companies – Zepter, Bagach, Delta, Megapolis and Rosgosstrakh – ceased operations during the review period, following high operating losses.
• Over the forecast period, increased foreign direct investment, low insurance penetration and rising outbound travel are likely to drive the industry, which is expected to register a forecast-period CAGR of 13.5% in terms of direct written premium.
Reasons to Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Belarusian insurance industry and each segment and category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Belarusian insurance industry.
• Assess the competitive dynamics in the Belarusian insurance industry.
• Identify growth opportunities and market dynamics in key segments.
• Gain insights into key regulations governing the Belarusian insurance industry, and their impact on companies and the industry's future.
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