Local incorporation is required for engaging in insurance and insurance auxiliary activities in the Republic of Belarus.
"In order to improve state regulation of insurance activities:
1. Determine that:
1.1. legal entities of the Republic of Belarus, as well as foreign legal entities operating in the territory of the Republic of Belarus, citizens of the Republic of Belarus and stateless persons permanently residing in the Republic of Belarus insure their property interests in the Republic of Belarus only with commercial organizations established to carry out insurance activities and having special permits (licenses) to carry out insurance activities in the Republic of Belarus, unless otherwise established by the President of the Republic of Belarus. [...]"  (Edict of the President of Belarus on Insurance Activities of 25 August 2006 No. 530 [google translated])
Edict of the President of Belarus on Insurance Activities of 25 August 2006 No. 530 [google translated]
[<a href="https://pravo.by/document/?guid=3871&p0=p30600530">Edict</a>]