Beleximgarant

Beleximgarant
Company typeGovernment-owned corporation
IndustryInsurance
FoundedAugust 7, 1997 (1997-08-07)
FounderGovernment of Belarus
Headquarters
Minsk
,
Belarus
Area served
Belarus
Key people
Valery Yermoshka
ProductsExport insurance
OwnerBelarusian Ministry of Finance
Websitebeg.by

Beleximgarant (Belarusian: Белэксімгарант; Russian: Белэксимгарант) is a Belarusian insurance company founded in 1997 under the name Belgorodzneshstrakh (Belarusian: Белдзяржзнешстрах) dealing with export insurance. It is fully owned by the Belarusian government.

Together with Belgosstrakh, it is one of the leading insurance companies in Belarus.[1][2][3] and a legal monopoly in the field of insurance of exports with state support.[4] According to the Belarusian legislation, tourists entering Belarus need to hold a valid insurance policy issued either by Beleximgarant or Belgossrakh.[5] Since January 2024 Valery Yermoshka serves as the company's general director.[6]

History

On August 7, 1997, resolution No. 1036 issued by the Government of Belarus approved the creation of the enterprise "Belgorodzneshstrakh" as a subsidiary of the state company "Belgorodzneshstrakh".[7] On May 23, 2001, the Council of Ministers of Belarus, by Resolution No. 752, subordinated the company to itself and renamed it "Beleximgarant".[8]

On August 25, 2006, president of Belarus Alexander Lukashenko issued a decree No. 534, granted the enterprise the exclusive right to insure exports with state support.[4] In 2010, "Beleximgarant" provided insurance coverage for 57% of export loans. It ranked 6th in Belarus in terms of insurance premiums (62.1 billion rubles; $20.7 million).[9] The share of state-owned enterprises in the total insurance coverage was 86.4%. At the beginning of 2011, it became the 2nd largest insurer in the country in terms of equity (463 billion rubles; $154.3 million)[10] and authorized capital.[11]

By 2012, it provided services to over 8,000 enterprises in the country and was the 4th most profitable insurance company in Belarus. In 2013, payments to insured persons amounted to 13% (59.5 billion rubles) of their contributions (463.4 billion rubles). The share of contributions for export insurance amounted to 21% (99.4 billion rubles).

As of August 4, 2014, the authorized capital of the enterprise amounted to 4060 billion rubles] ($393.4 million).[12] In 2019 the company concluded export risk insurance contracts with the Development Bank of the Republic of Belarus[13] In 2020 Fitch Ratings downgraded the company's rating to negative.[14]

Since 2002, it has been a member of the Prague Club of the Berne Union.

Directors

  • Vyacheslav Balibok (January 29, 1998 — 2009)[15]
  • Hennadz Mitskevich (December 29, 2009 - 2024)
  • Valery Yermoshka (since January 5, 2024)

References

  1. ^ "Белэксимгарант: на страже интересов государства и человека" (in Russian). Grodno News. 2016-12-30. Retrieved 2025-09-03.
  2. ^ "Основные показатели деятельности страховых организаций Республики Беларусь с января по март 2003 года" (in Russian). Ministry of Finance of Belarus. Retrieved 2025-09-03.
  3. ^ "Report on the insurance market in Belarus" (PDF). Retrieved 2025-09-03.
  4. ^ a b Aleksandr Lukashenko (2014-07-29). "Указ прэзідэнта Рэспублікі Беларусь ад 25 жніўня 2006 г. № 534" (in Russian). Нацыянальны прававы інтэрнэт-партал Рэспублікі Беларусь. Archived from the original on 9 March 2017. Retrieved 28 January 2017.
  5. ^ "Biała Podlaska – Brześć - Nieodkryty wschód" (PDF) (in Polish). Polska Turystyczna. p. 18. Archived (PDF) from the original on 2023-03-11. Retrieved 2025-09-03.
  6. ^ "Назначен руководитель "Белэксимгарант"" (in Russian). Association of Belarusian insurance companies.
  7. ^ Сяргей Лінг (November 2011). "Пастанова Савета міністраў Рэспублікі Беларусь ад 7 жніўня 1997 г. № 1036" (in Belarusian). Валерый Леванеўскі. Retrieved 28 January 2017.
  8. ^ Андрэй Кабякоў (December 2013). "Пастанова Савета міністраў Рэспублікі Беларусь ад 23 мая 2001 г. № 752" (in Russian). Сайт «Заканадаўства Беларусі». Retrieved 28 January 2017.
  9. ^ "Сярэднеўзважаны курс беларускага рубля ў адносінах да замежных валют на валютным рынку Рэспублікі Беларусь за 2010 год". Нацбанк Беларусі. 2011. Archived from the original on 12 May 2021. Retrieved 28 January 2017.
  10. ^ "Афіцыйны курс беларускага рубля ў адносінах да замежных валют, які ўстанаўліваецца.. штодзённа, на 01.01.2011". Нацбанк Беларусі. 1 January 2014. Retrieved 28 January 2017.
  11. ^ Уладзімір Хількевіч, Вераніка Арлоўская (27 April 2011). "Айчыннаму экспарцёру бяспечна пад абаронай «Белэксімгаранта»". Звязда.
  12. ^ Генадзь Міцкевіч (8 August 2014). "Статут Беларускага рэспубліканскага ўнітарнага прадпрыемства экспартна-імпартнага страхавання «Белэксімгарант» (Дадатак 7)" (PDF) (in Russian). Белэксімгарант. Retrieved 28 January 2017.
  13. ^ ""Белэксимгарант" и Банк развития заключат договоры добровольного страхования экспортных рисков" (in Russian). Belta News Agency. 2019-11-30. Archived from the original on 2022-06-17. Retrieved 2025-09-03.
  14. ^ "Fitch изменило прогноз по РФУ Белэксимгаранта на Негативный после суверенного рейтингового действия" (in Russian). 2020-11-20. Retrieved 2025-09-03.
  15. ^ Сяргей Лінг (12 October 2006). "Пастанова Савета міністраў Рэспублікі Беларусь ад 29 студзеня 1998 г. № 127" (in Russian). Беларускі прававы партал. Retrieved 28 January 2017.
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