MOLDOVA, FY2013: The insurance market increased by 8.5%

27 February 2014 —
MOLDOVA, FY2013: The insurance market increased by 8.5%
crestere6The Moldavian insurance market remained on a positive trend last year, with a GWP increase of 8.49% to MDL 1.18 billion (EUR 70.6 million), compared with MDL 1.09 billion (EUR 69.9 million) in 2012, according to the preliminary figures published by the National Commission for Financial Markets of the Republic of Moldova (NCFM).

According to the reported results, the MTPL and Green Card insurance segments generated gross premiums worth MDL 478.14 million (EUR 28.59 million). These motor insurance types of policies have generated about 40% of the market.

The amount of the claims paid on these motor insurance lines totaled MDL 154.31 million (EUR 9.23 million), recording a decrease in comparison with January - December 2012 - MDL 166.52 million (EUR 9.96 million).

The largest insurer remains MOLDASIG (28.7 % market share), followed by ASITO (15.5%), GRAWE CARAT Asigurari (11.2%), MOLDCARGO (10.2%) and DONARIS GROUP (8.5%). The insurance concentration by total gross written premiums of the top 5 insurance companies decreased to 74%, compared with 76.7% at the end of December 2012.

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