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

1H2017Market Portfolioxlsx
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1H2014Insurance market overview pdf
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FY2013Insurance market overview pdf
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3Q2013
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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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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

MOLDOVA, FY2013: The insurance market increased by 9.89%

The Moldavian insurance market remained on a positive trend last year, with a GWP increase of 9.89% to MDL 1.2 billion (EUR 71.6 million), compared with MDL 1.09 billion (EUR 70 million) in 2012, according to the official figures published by the National Commission for Financial Markets of the Republic of Moldova (NCFM).

VIG has completed the acquisition of the Moldovan insurer DONARIS

VIENNA Insurance Group (VIG) has completed the acquisition of around 94% of Moldovan insurer DONARIS Group. VIG group officials have confirmed for www.xprimm.com the completion of the transaction, but more details in this regard will be communicated at a press conference that will take place in the near future.

MOLDOVA, FY2013: The insurance market increased by 8.5%

The 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).

VIG enters MOLDOVA through the acquisition of DONARIS GROUP

VIENNA Insurance Group (VIG) announced at the end of January that it had signed an agreement to acquire around 94% of the Moldovan insurer DONARIS Group. The acquisition is subject to regulatory approvals. "By entering the Moldovan market, we have expanded the VIG's network to 25 countries and gained access to one of the last blank areas on our map of Central and Eastern Europe. DONARIS provides a good platform for positioning on the insurance market in Moldova," commented Peter HAGEN, CEO of the VIG.

MOLDOVA: Insurer TRANSELIT subjected to financial recovery proceedings

The Financial Supervisory Authority of Moldova (CNPF) has approved the opening of the financial recovery proceedings for TRANSELIT insurance company. The decision was taken due to the conclusions of CNPF's control showing that the company failed to observe the legal provisions with regard to the formation of insurance reserves, the level of solvency margins and the liquidity ratio.

President of the Moldavian National Commission for Financial Markets: Bancassurance will help develop the insurance market

During the National Bancassurance Conference which took place on November 15th at Chisinau, the capital of the Republic of Moldova, over 140 representatives of the supervisors, insurers, banks and insurance brokers talked about the means to develop bancassurance, a channel still in its infancy. "The legal framework necessary for the development of bancassurance already exists. We are going through a time of reforms which aim to bring the market to international standards. Bancassurance, in the Republic of Moldova, is past its beginnings and it will bring benefits to insurers, banks and the final consumer", Artur GHERMAN, President of the Moldavian National Commission for Financial Markets (CNPF) said during the conference.

Emma TABARTA, NBM: 4 of the 14 commercial banks in the Republic of Moldova have a bancassurance license

At the moment, 4 of the 14 commercial banks in the Republic of Moldova have a bancassurance license, Emma TABARTA, Deputy Governor, National Bank of Moldova, declared during the National Bancassurance Conference, which took place in Chisinau on November 15. "In the Republic of Moldova, the bacnassurance concept is a novelty. Until 2012, this word did not even exist in the legislation, and the notion was introduced after some regulatory changes. In my opinion, the banking segment is prepared for this new activity", Emma TABARTA pointed out.

In the first 9 months of 2013, the Moldavian insurance market increased by 11%

At the end of September 2013, the gross premiums written by the 16 insurance companies activating on the Moldavian market totaled EUR 53 million, according to financial data published by the national supervisory authority, 10.9% more that the GWP reported after the third quarter of 2012. These results were influenced by a growth of more than 11% on the non-life insurance segment and a 7.6% increase of underwritings on the life segment. The insurance companies paid EUR 19.5 million in claims, 19.2% more compared to January-September 2012.

MOLDOVA 1H2013: Insurance market up by 14% in the first half year

The Moldavian insurers in 1H2013 wrote premiums worth MDL 571.5 million (EUR 35.4 million, 14% more than a year earlier, according to the preliminary financial data centralized by the National Commission for Financial Markets (NCFM). Also, the companies have paid claims totaling MDL 196.6 million (EUR 12.2 million), 5% up y-o-y.