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
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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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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

Moldova 1H2018 Insurance Companies Rankings

Moldova 1H2018 Portfolio

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MOLDOVA: 2012 health insurance policy likely to get by 210 lei more expensive

The percentage of deductions from salaries in premiums for the mandatory health insurance policy in 2012 will remain unchanged at 7%, split equally between the employer and the employee; however for the unemployed the price of the policy will increase by 210 lei to 2,982 lei, Info-Prim Neo reports.

XPRIMM Group launch INSURANCE Profile - Republic of Moldova 1H 2011

XPRIMM Group launch the third special issue of INSURANCE Profile, dedicated to the Moldavian insurance market, this time the period January-June 2011 being analyzed. This is the sixth special issue that INSURANCE Profile, the well-known Specialty Review that publishes quarterly the results of the Romanian insurance market, launches, offering its readers up-to-date financial information regarding other insurance markets than the Romanian one.

MOLDASIG in Top 50 CIS insurers

The leader of the insurance market in the Republic of Moldova was, after the first six months of the year, on the 30th position in the hierarchy of CIS insurance companies, by the underwritings criterion, shows XPRIMM INSURANCE REPORT 1H 2011. The second company, by size, from Moldova, ASITO, has occupied the 51st position in the same ranking, while GRAWE CARAT Asigurari was ranked 65th. The presented ranking does not include insurers from Russia, Ukraine, Tajikistan and Turkmenistan.

ISC gives green light for the taking over of ASITO Kapital by MOLDASIG

The company MOLDASIG received the approval of the Insurance Supervisory Commission (ISC) for the acquisition of 99.9% of the shares of ASITO Kapital in Romania, according to the Moldavian insurer's officials. The decision comes after four months ago, the supervisory authority in Moldova - National Commission of Financial Markets - had also approved this transaction, the documents having been sent to ISC.

Moldova's brokerage market reached EUR 8.4 million

EUR 8.4 million (MDL 139.5 million) totaled the brokerage market in Moldova after the first six months of 2011, according to financial data released by the National Commission of Financial Market. Compared with the previous year, when Moldavian brokers registered business of EUR 5.3 million (MDL 89.5 million), the value of mediated premiums increased by over 57%. Also, during January-June this year, brokers have mediated about 30% of gross premiums written by insurers, a degree of mediation by about 10 percentage points higher than in the same period of last year.

MOLDOVA: Negative dynamic for the market profitability

Gross profit in the first half of this year for the players in the insurance market was MDL 41.5 million (EUR 2.5 million), which represents, compared to 1H/2010, an evolution in absolute value of about EUR 1.9 million (editor's note: in 1H/2010, gross profit was MDL 73.2 million, the equivalent of EUR 4.4 million). Also, losses accounted by insurers amounted to MDL 20.9 million (EUR 1.3 million).

Insurance market in Moldova has reached EUR 28 million

Insurance market in Moldova registered in the first six months of the current year about EUR 28.07 million (MDL 466.21 million), a nominal increase in European currency of 7.32% compared to January-June 2010. In national currency, the nominal evolution of the insurance industry in Moldova was lower, of 6.24%, due to appreciation of MDL against EUR.

Moldova: The market remained in the black in Q1/2011

In the first three months of 2011 one citizen of the Republic of Moldova spent EUR 3.6 for insurance products, EUR 0.5 more than the insurance density calculated for Q1/2010. On insurance classes in the Republic of Moldova during January - March 2011, about 30 eurocents have been spent on life insurance and EUR 3.3 for household insurance per citizen.

Moldova: How do the leaders of the main insurers anticipate the profile market will evolve in the following years?

The insurance market in the Republic of Moldova has known constant positive dynamics for the last few years, in both quantity and quality, under the circumstances of the elaborated program of reform of the industry, launched by the supervisory authority in Chisinau after the year 2007. Also, NCFM conducted feasibility studies for implementation of mandatory insurance in agriculture and on the household segment and analyzed the opportunities to include some private insurance companies in the health system circuit. All these realities create the premises of a strong market, with a developed infrastructure, from the point of view of both companies' territorial networks and their insurance products, raising awareness throughout the Republic of Moldova about the concept of "insurance".

Republic of Moldova: Brokers mediated 28% out of the total premiums

The 65 brokerage companies active on the market in the Republic of Moldova mediated MLD 58.38 million - EUR 3.54 million, in the first three months of the current year. The figure represents, according to the data published by the supervisory authorities in Chisinau, 27.53% of the total insurance market. Altogether, in comparison with the period January - March of 2010, the volume of premium mediated by brokers grew, nominal in the European currency, by 36.7%.

14% decrease for Moldovian insurers in 1Q/2010, in European currency

Insurance companies in Moldova underwrote in the first quarter gross premiums worth EUR 11 million, down by around 14% compared with same period last year (up 7.7% in national currency), according to data submitted by the National Commission of Financial Market (CNPF). Thus, the general insurance segment cumulated underwritings worth EUR 10.3 million, or a share of 93.4%, while life insurance reached EUR 0.7 million.