Use of Financial Services: Number of Non-life Insurance Depositors at Insurance Corporations for Belarus
BLRFCDOFINPPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,790,196.00
Year-over-Year Change
106.88%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of non-life insurance depositors at insurance corporations in Belarus. It provides insight into the usage and demand for financial 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 Non-life Insurance Depositors at Insurance Corporations for Belarus tracks the number of individuals and entities that have non-life insurance policies with Belarusian insurance companies. This metric is used to gauge the overall level of participation and penetration of insurance services within the Belarusian economy.
Methodology
The data is collected by the National Bank of the Republic of Belarus through surveys of insurance providers.
Historical Context
This trend is relevant for analyzing the development and accessibility of the Belarusian insurance market.
Key Facts
- Belarus had over 6 million non-life insurance depositors in 2021.
- The number of non-life insurance depositors has grown by 25% since 2015.
- Insurance penetration remains low compared to other European nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals and entities that have non-life insurance policies with insurance companies in Belarus.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of financial service usage and insurance market development in Belarus, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of the Republic of Belarus through surveys of insurance providers.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the accessibility and penetration of insurance services, which informs financial sector development policies in Belarus.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the full universe of non-life insurance depositors in Belarus.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Non-life Insurance Depositors at Insurance Corporations for Belarus (BLRFCDOFINPPENUM), retrieved from FRED.