Belgosstrakh
| Company type | Government-owned corporation |
|---|---|
| Industry | Insurance |
| Predecessor | Gosstrakh SSSR |
| Founded | 1921 (1991 in current form) |
| Founder | Government of Belarus |
| Headquarters | , |
Key people | Sergey Yakubitsky[1] |
| Owner | Belarusian Ministry of Finance |
Number of employees | 5,451 (2022) |
| Website | bgs |
Belarusian Republican Unitary Insurance Enterprise "Belgosstrakh" (Belarusian: Беларускае рэспубліканскае унітарнае страхавое прадпрыемства "Белдзяржстрах") known also in its short name Beldzyarzhstrakh (Belarusian: Белдзяржстрах) or in its Russian spelling Belgosstrakh (Russian: Белгосстрах) is a universal insurance company in Belarus. Belgosstrakh is wholly owned by the Belarusian government.[2] While it is not formally a monopoly, it remains the largest insurance company in Belarus.[3] and is leading the market together with Beleximgarant.[4] According to the Belarusian legislation, tourists entering Belarus need to hold a valid insurance policy issued either by Belgossrakh or Beleximgarant.[5]
History
The company was established by a Government of Belarus in accordance with resolution No. 399 of October 31, 1991 from the Main Department of State Insurance of the Ministry of Finance, as the successor of the Belarusian branch of the Soviet Gosstrakh SSSR, itself established on December 3, 1921.[3][6][7] In 2003 it received its current status of a republican unitary enterprise.[8] According to the legislation,[9] since 2004 the company has had the exclusive right to compulsory insurance against accidents at work and occupational diseases (worker's compensation),[10] as well as civil liability of the carrier to passengers.[11]
Based on the reporting data for 2020, Belgosstrakh reported an increase in profit to RUB 55 million in 2020 from RUB 10 million in 2019.[2] In 2024 it was reported that the company stopped insuring a number of luxury cars companies, including Ferrari, Bentley and Lamborghini.[12]
References
- ^ "Руководство" [Management]. bgs.by. Archived from the original on 2023-08-20. Retrieved 2023-08-20.
- ^ a b "Belarusian Republican Unitary Insurance Company (Belgosstrakh)". Fitch Ratings. Archived from the original on 2023-08-20. Retrieved 2023-08-20.
- ^ a b "100 нагод для стабільнасці і шчасця. "Белдзяржстрах" сёння святкуе векавы юбілей!" (in Belarusian). Rayannaya Budni. 2021-12-04. Archived from the original on 2025-08-12. Retrieved 2025-09-03.
- ^ "Report on the insurance market in Belarus" (PDF). Retrieved 2025-09-03.
- ^ "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.
- ^ ""Белдзяржстрах" адзначае 100-годдзе з дня ўтварэння" (in Belarusian). Novosti Shumilino. 2021-12-03. Archived from the original on 2024-07-30. Retrieved 2025-09-03.
- ^ "Пастанова Савета міністраў Рэспублікі Беларусь ад 31 кастрычніка 1991 г. № 399" [Resolution of the Council of Ministers of the Republic of Belarus dated October 31, 1991 No. 399] (in Russian). Бачына «Беларускае заканадаўства». 16 January 2007. Archived from the original on 13 March 2016. Retrieved 10 May 2012.
- ^ "Белорусское республиканское унитарное страховое предприятие "Белгосстрах"" (in Russian). Myfin. Retrieved 2025-09-03.
- ^ "Дэкрэт прэзідэнта Рэспублікі Беларусь № 18". Звязда, № 191 (24875). 2 August 2003. Retrieved 10 May 2012.
- ^ Уладзімір Аляхновіч (1 July 2004). "Страхаванне ад няшчасных выпадкаў на вытворчасці: першыя крокі і першыя вынікі" [Occupational accident insurance: first steps and first results]. З першых вуснаў (in Belarusian). Звязда, № 160 (25173). Retrieved 10 May 2012.
- ^ Сяргей Кузняцоў (10 October 2003). "Страхаванне грамадзянскай адказнасці перавозніка перад пасажырамі — дзяржаве" [Insurance of civil liability of the carrier to passengers - to the state]. Афіцыйна (in Belarusian). Звязда, № 256-257. Retrieved 10 May 2012.
- ^ ""Белгосстрах" прекратил страховать популярные автомобили. В чем причина?" [Belgosstrakh has stopped insuring popular cars. What is the reason?] (in Russian). blizko.by. 2024-09-11. Archived from the original on 2025-04-21. Retrieved 2025-09-04.