STATISTICS: MOLDOVA: All insurers have gained profit in the first 9 months

All 15 insurance companies active on the Moldavian insurance market have concluded the first nine months of the year with a positive balance, according to data published by the National Commission of Financial Market (NCFM).

Thus, during the reporting period gross profit of insurers reached to MDL 240.36 million lei (EUR 11.67 million) compared to MDL 46.92 million in 3Q2014.

According to the National Commission of Financial Market of Moldova the first 6 insurance companies in profitability terms were MOLDASIG (MDL 91.3 million), followed by ASITO (MDL 55 million), GRAWE CARAT ASIGURARI (MDL 26.9 million million), KLASSIKA ASIGURARI (MDL 20.49 million), GARANTIE (MDL 13.77 million) and ASSTERA Grup (MDL 13.33 million).

In 3Q2015 the GWP totaled MDL 909.25 million (EUR 44.16 million), up by 1% y-o-y, according to the official data published by the National Commission of Financial Market of Moldova.

Due to depreciation of the national currency against the EUR by 9%, the GWP figure denominated in European currency showed a 8.83% decrease, to EUR 44.16 million.

At the same time, the claims paid by insurers decreased to MDL 251.10 million, down by 40% compared to January-September 2014.

Access www.xprimm.com and download the 3Q2015 Moldavian insurance market statistics.

Related articles

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

STATISTICS: Rep. of Moldova, 1H2016: GWP up by more than 9.5%, while claims increased by over 40%

The Moldavian insurance market has recorded in 1H2016, total GWP of MDL 628 million (EUR 28,2 million), increasing by 9,5% as compared with 1H2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). In the European currency, company's GWP have seen a decrease of 0,49%, as a consequence of the national currency depreciation against the European one.

2016-08-18

STATISTICS: MOLDAVIAN insurers reported a business volume of EUR 59 million at the end of 2015

At the end of December 2015, the Moldavian insurance market totaled MDL 1.2 billion (about EUR 58.8 million), up by 2.1% y-o-y, according to the preliminary statistics recently published by the market's supervisory authority. Claims paid by the 15 insurers that have reported operations totaled MDL 386.6 million (or EUR 18.5 million) - equivalent to 31% of the total GWP.

2016-04-14

ON THE MOVE

TOP EVENT

61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

14.09.2017

photodune-3834701-laughing-girl-xs

MONTE CARLO: Live news from the "Rendez-Vous de Septembre"

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.

10.09.2017

See all