Belarus Insurance Tenders and Bids

Get access to latest Belarus insurance tenders and bids. Find business opportunities and government contracts for Belarus insurance tenders, accidental insurance, Belarus medical insurance, banking insurance, government insurance tenders Belarus, risk insurance, Belarus insurance services tenders, Belarus insurance consultancy tenders, building insurance tenders. Find Belarus insurance tenders, bids, procurement, RFPs, RFQs, ICBs. The economy of Belarus is an upper-middle income mixed economy. As a post-soviet transition economy, Belarus resisted privatisation efforts, in favour of retaining centralised control politically as well as economically. The highly centralised Belarusian economy emphasises full employment and a dominant state sector. It can be described as a welfare state. Belarus is the world's 72nd-largest economy by GDP based on purchasing power parity (PPP), which in 2019 stood at $195 billion, or $20,900 per capita. Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. Policyholder and insured are often used as but are not necessarily synonyms, as coverage can sometimes extend to additional insureds who did not buy the insurance. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster.