Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Belarus
BLRFCDOFILPPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
383,238.00
Year-over-Year Change
-23.61%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of life insurance depositors at insurance corporations in Belarus. It provides insights into the use and adoption of life insurance services in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Belarus' series tracks the total number of individuals who have life insurance policies with Belarusian insurance companies. This metric is used to gauge the level of life insurance penetration and financial inclusion within the Belarusian population.
Methodology
The data is collected directly from insurance companies operating in Belarus and aggregated by the central bank.
Historical Context
Policymakers and analysts monitor this trend to understand the development of the Belarusian life insurance market and assess financial sector stability.
Key Facts
- Belarus has a population of approximately 9.4 million people.
- The life insurance market in Belarus is largely state-controlled.
- Insurance penetration in Belarus is low compared to developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who hold life insurance policies with insurance companies operating in Belarus.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of life insurance adoption and financial inclusion within the Belarusian population, which is important for understanding the development of the country's insurance sector and financial system.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance companies operating in Belarus and aggregated by the central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the stability and growth of the Belarusian life insurance market, which is an important component of the country's financial sector.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by insurance companies, and the coverage of the Belarusian insurance market may not be comprehensive.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Belarus (BLRFCDOFILPPENUM), retrieved from FRED.