Moldova

Location:
Eastern Europe, northeast of Romania

Climate:
moderate winters, warm summers

Natural hazards:
landslides







Currency: Moldavian leu (MDL)
1 EUR = 20.8895 Lei - MDL (December 31st, 2016)
1 EUR = 21.4779 Lei - MDL (December 31st, 2015)
1 EUR = 18.9966 Lei - MDL (December 31st, 2014)
1 EUR = 17.9697 Lei - MDL (December 31st, 2013)
1 EUR = 15.9967 Lei - MDL (December 31st, 2012)
1 EUR = 15.0737 Lei - MDL (December 31st, 2011)
1 EUR = 16.1045 Lei - MDL (December 31st, 2010)


Sources:
National Commission of Financial Market
National Bank of Moldova
www.xprimm.md

Insurance statistics

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1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
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FY2013Insurance market overview pdf
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3Q2013
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1H2013Insurance market overview pdf
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FY2012Insurance market overview pdf
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1H2012Insurance market overview pdf
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FY2011Insurance market overview pdf
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3Q2011Market Portfolioxlsx
3Q2011Insurance Companies Rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010Insurance market overviewpdf
2010Market portfolio and rankingsxls
2009Insurance market overviewpdf
2009Market portfolio and rankingsxlsx
1H2010Moldovan insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls

1H2017 Insurance Companies Rankings

1H2017 Market Portfolio

See all statistics

STATISTICS: MOLDAVIAN market down by 10% in 2014 due the currency depreciation

Last year the Moldavian insurance market totaled MDL 1.2 billion or 0.4% more y-o-y, according to the official statistics published by the National Commission of Financial Market - NCFM. Denominated in euro, due to the depreciation of the national currency, the local insurance market was down by 9.9% to EUR 64.6 million. The value of claims paid by insurers was up by 6.6% y-o-y to EUR 27.6 million, of which motor insurance classes (hull, MTPL and Green Card, summed) accounted for more than 58% (or EUR 16 million) while financial loss policies represented 30% (or EUR 8.2 million).

Vehicles registered in MOLDOVA to be insured while entering Transnistria

Moldovan drivers will be required to buy insurance for their cars at the entrance to Transnistria. Each day, some 2,000 cars cross the security zone, separatist authorities will increase the number of inspectors. Thus, Tiraspol is trying to accumulate money in the budget of the region, to overcome the financial crisis. Chisinau say that it is a unilateral measure that will hinder dialogue between the two sides, TV "Moldova 1" reported.

The MOLDAVIAN insurance brokerage market up 5% y-o-y in 3Q2014

At the end of September, the Moldavian insurance brokerage market totaled MDL 240 million (EUR 13 million), up 5% y-o-y, according to the financial data published by the National Commision of Financial Market. At the same time, the share of brokers in total insurance market increased from 26.3% (in 3Q2013) to 26.7% (in September 2014).

VIG intends bringing to MOLDOVA EU standards

The international Austrian company Vienna Insurance Group (VIG), which in early 2014 has purchased 94% of shares in the Donaris Group insurance company, intends to bring to Moldova the European standards in the sphere of insurance.

MOLDOVA 1H2014: Insurance payments increased by over 40% in the first half year while revenues remained constant

The Moldavian insurance market recorded, in the first half of this year, a total gross written premiums volume of MDL 575.8 million (EUR 31 million), a figure higher by 0.74% compared to 1H2013 (MDL 571.5 million - EUR 35.44 million), according to financial data centralized by the National Commission for Financial Markets (NCFM). At the same time, in European currency, Moldovan insurers registered a decrease of 12.4% due to the depreciation of the national currency by 15%. Also, insurance companies have paid claims totaling MDL 278.9 million (EUR 15 million), almost 42% up y-o-y.

MOLDOVA: VIG seeks to secure full control over DONARIS Group

VIENNA Insurance Group (VIG) announced their intention to take over the remaining 6.214% stake in the Moldavian insurer DONARIS Group, after previous acquisition of around 94% stake of its shares, according to the official publication of the supervisory authority.

MOLDAVIAN insurers 1Q2014 GWP up by 10%

The Moldavian insurance market reported for January-March 2014 - gross written premiums of MDL 255 million, up 10% y-o-y, according to the preliminary figures published by the market authority - National Commission of Financial Market. In European currency - due the devaluation of Moldovan leu against the euro, the insurance market reported a decline of 3.5% y-o-y, to almost EUR 14 million.