STATISTICS: MOLDOVA, 1H2019: paid claims growing more than twice as fast as GWP in local currency

In the first half of 2019, Moldovan insurers generated GWP in the amount of MDL 769.48 million (EUR 37.27 million), about 9% more y-o-y. At the same time, growth of paid claims was much more impressive - by 18.81%, up to MDL 347.02 million, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).

The non-life market's share slightly increased and reached 94.12%, while the life market share, on the contrary, dropped to 5.88%.

Motor insurance keeps the most significant portion in the market portfolio, although its share is declining. Motor insurance GWP in total remained almost unchanged thanks to MTPL increase by 11.13%. Among the key market segments, property insurance showed incredible growth - by almost 31%, with no less impressive drop of its paid claims (-56.59%).

Among 14 active insurers, in terms of GWP, GRAWE CARAT ASIGURARI is keeping the leading positions (MDL 110.71 million/EUR 5.36 million), followed by MOLDASIG (MDL 109.50 million/EUR 5.30 million) and DONARIS VIENNA INSURANCE GROUP (MDL 103.61 million/EUR 5.02 million).

Access and download 1H2019 Moldovan insurance market statistics.

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