In the first 9 months of 2013, the Moldavian insurance market increased by 11%

14 November 2013 — Vlad BOLDIJAR
moldova-statisticsAt the end of September 2013, the gross premiums written by the 16 insurance companies activating on the Moldavian market totaled EUR 53 million, according to financial data published by the national supervisory authority, 10.9% more that the GWP reported after the third quarter of 2012. These results were influenced by a growth of more than 11% on the non-life insurance segment and a 7.6% increase of underwritings on the life segment. The insurance companies paid EUR 19.5 million in claims, 19.2% more compared to January-September 2012.

The GWP portfolio was once again dominated by motor insurance, which represented 62% of the market, with 22% - Green Card policies, 21% - MTPL insurance, 17% - Motor Hull and 2% - insurance policies for transporters and shippers.

Property insurance represented approximately 11% of the market portfolio, health insurance - 4.5%, 7.2% - aviation liability insurance, 3.7% - aircraft insurance, 2% - accident insurance, and 2% GTPL insurance. As far as life insurance is concerned, this segment represented 6% of the entire market.

Access www.xprimm.com and download the 3Q2013 Moldavian insurance market statistics.

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