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New Market Report: The Insurance Industry in Belarus, Key Trends and Opportunities to 2017

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2013-12-29 19:35:17 - Recently published research from Timetric, "The Insurance Industry in Belarus, Key Trends and Opportunities to 2017", is now available at Fast Market Research

The Republic of Belarus is a landlocked country in Eastern Europe bordered by Russia, Poland, Ukraine, Lithuania and Latvia. Due to its geographical location, the country acts as a link between Western Europe, Russia and Asian countries. This, coupled with the high government expenditure through public programs, insurance industry reforms and favorable growth in exports, mainly to Russia, supported growth in the insurance industry during the review period. The Belarusian insurance industry grew in terms of written premium value from BYR954.1 billion (US$446.6 million) in 2008 to BYR4.3 trillion (US$520.3 million) in 2012, recording a CAGR of 46.0% during the review period (2008-2012).

Full Report Details at
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Key Highlights

* The Belarusian insurance industry is small and developing, with

its gross written premium standing at BYR4.3 trillion (US$520.3 million) in 2012. Insurance penetration, measured as gross written premium as a percentage of GDP, stood at 0.82% in 2012
* The industry remained unaffected by the global and European debt crises due to its minimal participation in the global insurance industry
* The industry in Belarus is small and highly concentrated. There were 25 companies operating in the Belarusian insurance industry as at the end of 2012
* The Insurance Supervisory Department, under the Ministry of Finance, is the regulator of the insurance industry in Belarus
* Belarusian GDP at constant prices declined from US$62.2 billion in 2007 to US$31.2 billion in 2011 at a CAGR of 15.9% during the review period.


This report provides a comprehensive analysis of the insurance industry in Belarus:

* It provides historical values for Belarusian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key segments and sub-segments in Belarusian insurance industry, along with forecasts until 2017
* 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

Reasons to Get this Report

* Make strategic business decisions using in-depth historic and forecast industry data related in the Belarusian insurance industry and each segment within it
* Understand the demand-side dynamics, key trends and growth opportunities within the Belarusian insurance industry
* Assess the competitive dynamics in the the Belarusian insurance industry
* Identify the growth opportunities and market dynamics within key segments
* Gain insights into key regulations governing the Belarusian insurance industry and its impact on companies and the industry's future

Companies Mentioned in this Report: Belgosstrakh, CJSC Task, CJSC Promtransinvest, Beleximgarant, JSIC B&B Insurance Co., CJSC Belneftestrakh, RDUSP Stravita, JV Belkoopstrah, JSC IC Belrosstrah, SBA CJSIC Midsummer,

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Life Insurance - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
5 Non-Life Insurance - Regional Benchmarking
5.1 Scale and Penetration
5.1.1 Total market gross written premium
5.1.2 Premium per capita
5.1.3 Non-life insurance penetration (as a percentage of GDP)
5.2 Growth
5.2.1 Gross written premium
5.2.2 Gross written premium per capita
5.3 Efficiency and Risk
5.3.1 Loss ratio
5.3.2 Combined ratio
5.3.3 Incurred losses per capita
5.3.4 Incurred losses as a percentage of GDP
6 Personal Accident and Health Insurance - Regional Benchmarking
6.1 Scale and Penetration
6.1.1 Total market gross written premium
6.1.2 Premium per capita
6.1.3 Personal accident and health insurance penetration (as a percentage of GDP)
6.2 Growth
6.2.1 Gross written premium
6.2.2 Gross written premium per capita
6.3 Efficiency and Risk
6.3.1 Loss ratio
6.3.2 Combined ratio
6.3.3 Incurred losses per capita
6.3.4 Incurred losses as a percentage of GDP
7 Belarusian Insurance Industry Overview
7.1 Belarusian Insurance Industry
7.2 Key Industry Trends and Drivers
7.3 Challenges
8 Industry Segmentation
8.1 Life Insurance
8.1.1 Individual life insurance
8.1.2 Individual pension insurance
8.2 Non-Life Insurance
8.2.1 Property insurance
8.2.2 Motor insurance
8.2.3 Liability insurance
8.2.4 Marine, aviation and transit insurance
8.3 Personal Accident and Health Insurance
8.3.1 Personal accident insurance
8.3.2 Health insurance
8.4 Reinsurance
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Legislation Trends by Type of Insurance
9.2.1 Life insurance regulatory trends

Full Table of Contents is available at:

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at

About Fast Market Research

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