Moldova avoids suspension from the Green Card system

The General Assembly of the Council of Bureaux in Brussels decided on June 2 to revoke the suspension of the National Bureau of Motor Insurers of Moldova (BNAA) from the "Green Card" system.

As a result, the Council has given a vote of trust to BNAA, thus facilitating cross-border transportation of Moldavian citizens who will no longer have restrictions to purchase insurance "Green Card" to travel abroad, according to a press release of BNAA.

"Moldova preserves its quality as member of the International Monitoring System "Green Card", with the impending condition to execute measures regarding the recovery of the stability and financial security of BNAA with the involvement of the Moldavian authorities," reads the statement.

Also, "although it was delayed the suspension thanks to the efforts of BNAA, we remain a monitored member, which requires us to responsibility and continuous efforts to solve all the problems of stability and financial security of BNAA", told to www.xprimm.md Alina OSOIANU, Executive Director, BNAA.

To be noticed that the decision to suspend BNAA from the "Green Card" system has been taken by the Council of Bureaux in May last year, with effects starting on 1 October 2015, but received a series of successive delays.

We mention that in 2015 the 10th companies authorised to sell Green Card policies in Moldova sold in this segment an amount of MLD 272.23 million, up to 3.3% compared to 2014. In Moldova the following companies are authorised to sell Green Card policies: ACORD Grup, ASITO, DONARIS VIG, GRAWE CARAT Asigurari, MOLDASIG, MOLDCARGO, MOLDOVA-ASTROVAZ, KLASSIKA Asigurari, ALLIANCE Insurance Group and ASTERRA Grup.

Related articles

photodune-3834701-laughing-girl-xs

STATISTICS: MOLDOVA, FY 2017: GWP increased by 6.9%

In 2017 Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion), 6.9% up y-o-y, according to the final data of the Supervisory Authority (CNPF), centralized by the specialized portal www.xprimm.md.

Claims paid by the companies decreased by 2.15% y-o-y and reached EUR 24.9 million (MDL 507.97 million).

2018-03-29

Main conclusions: The Insurance Conference - Republic of Moldova

One of the most important annual events dedicated to the regional insurance market, The Insurance Conference - Republic of Moldova, took place on 10 October in Chisinau, gathering over 120 professionals from Moldova, Romania, Russia, Ukraine, Holland, Germany, The Czech Republic, Poland, Croatia and Latvia.

2017-10-12

Moldova: GENERAL Asigurari is the newest player to enter the market

GENERAL Asigurari is the most recent player to enter the re/insurance market in Moldova. The Board of Directors of the National Commission of Financial Market has issued the prior approval of registration in this regard, according to official anouncement made by local supervisory authority.

2016-11-10

ON THE MOVE

TOP EVENT

Why should you participate at FIAR 2018?

With an exclusive list of professional speakers, 7 conferences and workshops analyzing current trends and issues on the re/insurance markets, as well as hundreds of bilateral meetings and networking opportunities, FIAR 2018 represents a key event on the business agenda.

25.04.2018

What re/insurance professionals are already on FIAR 2018's list of speakers?

Specialists from ICMIF - International Cooperative Mutual Insurance Federation and PensionsEurope, representatives of national insurance associations from Austria and Turkey, as well as professionals representing SWISS Re, GEN Re and AUDATEX are just a few of the speakers who have already confirmed their presence at FIAR 2018 - The International Insurance-Reinsurance Forum.

19.04.2018

photodune-3834701-laughing-girl-xs

LIVE: Moscow, Russia: The XXII International Reinsurance Conference

The XXII International Reinsurance Conference has started today in Moscow, organized by Delovoy Format, with the support of the Russian Insurers Association. XPRIMM, the traditional Media Partner of the conference, has launched on the occasion the latest edition of its Insurance Profile Russia, providing for 2017 insurance statistical data.

11.04.2018

photodune-3834701-laughing-girl-xs

The 4th edition of the European Consumer Protection Conference: Main conclusions

The European Consumer Protection Conference, taking place on Thursday, 22 March, in Prague, brought into debate the consumer environment in the current European regulatory and economic landscape, the upcoming legislative changes that will benefit consumers and users of insurance and private pension products, as well as digitalization and the impact of technological advances in the field of financial services.

22.03.2018

See all