STATISTICS: MOLDOVA, FY 2017: GWP increased by 6.9%
Claims paid by the companies decreased by 2.15% y-o-y and reached EUR 24.9 million (MDL 507.97 million).
The motor insurance segment had the biggest share of the total market, including MTPL with 24.5% share (EUR 17.3 million), followed by Green Card - 22.5% (EUR 15.6 million) and Motor Hull - 20.1% (EUR 14.2 million). The share of life insurance within the total GWP maintained low at only 6.58% followed by property insurance - 6.26% and GTPL - 3.57%.
Total paid claims of the market amounted to EUR 24.89 million in the previous year. Among them Motor Hull and MTPL reported 33.3% (EUR 8.3 million) and 33% (EUR 8.2 million) of the total volume of paid claims, followed by the Green Card segment - 16.1% (EUR 4 million).
The GWP leader is MOLDASIG (EUR 10.12 million) with a market share of 14.32%, followed by DONARIS VIG (EUR 10.08 million) and GRAWE CARAT Asigurari (EUR 10.08 million), among which there is a difference of GWP of only EUR 147, with a share of 14.27% each in the total GWP market. On the 4th place is ASTERRA Grup, which climbed in the rankings two positions up compared to 2016, with EUR 6.97 million of GWP and 9.86% market share respectively.
Among other companies that reported significant increases in GWP in 2017 were GALAS - with over 60%, TRANSELIT - 23.7%, MOLDOVA-ASTROVAZ - 15.9% and ACORD Grup - 11.5%.
There are 15 authorized insurance companies on the Moldovan insurance market.
Access www.xprimm.com and download the FY2017 Moldovan insurance market statistics.
- Market portfolio: GWP, claims, growth rates, shares.
- Life & non-life rankings: GWP, claims, market shares.