The 3Q2011 results of the Moldavian insurance market showed an y-o-y drop in the agregate insurers' profitability of 43%, to MDL 47.2 million (EUR 2.9 million). A total of 13 insurance companies, out of the 24 players - 5 more than in 3Q2010 -, have reported losses, their total value amounting MDL 20.6 million (EUR 1.2 million). The greatest losses were registered by DONARIS-GROUP (MDL 9 million) and IDEEA ASIGURARI (MDL 2.7 million).

At the same time, the 11 companies which managed to finish the first three quarters "in black" reported a cumulated gross profit of MDL 67.7 million (EUR 4.1 million). The "champions" were the market leader MOLDASIG (profit of MDL 38.7 million) and the most dynamic company in the market - VICTORIA ASIGURARI (profit of MDL 9.5 million).

Moldavian insurers wrote MDL 745.76 million (EUR 45.21 million) in premiums in the first ninth months of 2011, a 9% increase compared to the same period of last year. At the same time, claims reached MDL 251.70 million (EUR 15.26 million), 13% more than 2010, according to statistics from the National Commission of Financial Market.

Read more news and download the 3Q2011 Moldavian insurance market statistics.