Boston, MA -- (SBWIRE) -- 06/03/2013 -- The Insurance Supervisory Department under the Ministry of Finance is the regulator of the insurance industry in Belarus. There were 25 insurance companies operating in Belarus in 2011, with state-owned companies having a substantial share of the total gross written premium. The Belarusian insurance industry is dominated by the non-life segment, which accounted for 72% of the gross insurance premium in 2011. Over the forecast period, increased investment in infrastructure development, growing new product development, government reform measures and initiatives will drive industry growth.

Key Highlights

- The Insurance Supervisory Department under the Ministry of Finance is the regulator of the insurance industry in Belarus.
- There were 25 insurance companies operating in Belarus in 2011, with state-owned companies having a substantial share of the total gross written premium.
- The Belarusian insurance industry is dominated by the non-life segment, which accounted for 72% of the gross insurance premium in 2011.
- Over the forecast period, increased investment in infrastructure development, growing new product development, government reform measures and initiatives will drive industry growth.

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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 2007-2011 review period and forecast figures for the 2011-2016 forecast period
- It offers a detailed analysis of the key segments and categories in the Belarusian insurance industry, along with industry forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, 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 to the Belarusian insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Belarusian insurance industry
- Assess the competitive dynamics in 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, Insurance Task, Belneftestrakh, Belkoopstrah, Belrosstrah

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