MOLDOVA: 7.5% growth for the first half of 2012
Insurance market portfolio hasn't undergone significant changes compared with previous reporting periods. Thus, non-life insurance generated 93.7% of the market while the rest of 6.3% goes to life insurance.
Also, from the general insurance lines, motor insurance was the market's engine, generating the most important business volumes, with Motor Hull occupying 17.7% of the market, MTPL 23% of the market, while Green Card claimed about 21%. Likewise, property insurance (fire, natural disasters and other property insurance, summed) represented approximately 16.6% of the total insurance market.
According to the statistics published by NCFM, on the 30th of June 2012, the top insurance companies by underwritings volume show MOLDASIG first with 28% share. The following positions were occupied by ASITO (17.3% share), MOLDCARGO (13.2%), GRAWE CARAT Asigurari (11.7%) and DONARIS Group (8.2%).
The top 5 companies in the market generated approximately 78.5% of the total market, while the top 10 insurance companies (Top 5, completed by EUROASIG, VICTORIA Asigurari, TRANSELIT and KLASSIKA and ACORD Group) generated 93% of total insurance market.
Access www.xprimm.com and download the 1H2012 Moldavian insurance market statistics.
Market portfolio (in EUR and MDL):
- Gross written premiums
- Paid claims
- Growth rates
- All insurance market
- Life insurance
- Motor hull
- Green Card
- Fire & allied perils
- Damages to property