STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy

Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM).

In European currency, the evolution was of 11.60%, due to the appreciation of the national currency against the European one.

The value of the claims paid by the Moldovian insurers increased by 7.95%, to MDL 242.55 million. By types of insurance, the main payments there were for life insurance (up by 121.57%), Fire and allied perils (+86.98%), GTPL (+254.53%), Motor Hull (+19.86%) and MTPL (+14.29%).

In the reporting period, there were changes in the companies' ranking. DONARIS VIG maintains its first position, as in the first quarter of 2017, but its market share fell from 15.69% to 15.39%; MOLDASIG ranked second, with a market share of 14.38%, lost 3.51% from its share.

GRAWE CARAT Asigurari remains on the third position (13.95%), followed by ASTERRA GRUP (9,51%) and KLASSIKA Asigurari (8.82%).

On the Moldavian market there are 15 active insurance companies. In summary, the top five insurers generated over 62.05% of the total GWP.

ASITO is in the special administration procedure initiated by NCFM, while life insurer SIGUR-ASIGUR has submitted its recent license.

Access www.xprimm.com and download the 1H2017 Moldavian insurance market statistics.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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