At the end of June, on the Moldavian insurance market, there were active 15 insurance companies (EXIM-ASINT has filled out the license voluntarily), of which 10 companies have announced increases in their business. The most important growth were recorded by GARANTIE Asigurari (+174%), ASTERRA GRUP (+146%) and ACORD GRUP (+117%).
Approximately 93.7% of the insurance business was reported on the non-life segment, while 6.3% corresponded to the life segment.
Moreover, the motor insurance classes MTPL, motor hull and Green Card amounted to MDL 367.8 million (EUR 19.8 million), up 12% y-o-y. At the same time, insurance companies have paid on the MTPL insurance segment MDL 39.3 million (EUR 2.1 million), on Motor Hull - MDL 57.6 million (EUR 3.1 million) and Green Card totaled MDL 38.7 million (EUR 2 million) in paid claims.
According to NCFM, in January-June 2014, MOLDASIG was the leading insurer (with 24.6% of market share), followed by ASITO (17%), DONARIS GROUP (10.1%), GRAWE CARAT Asigurari (10.1%) and MOLDCARGO (7.8%). At the same time, the market share of the top 5 insurance companies reached 69.7%.
Access www.xprimm.com and download the 1H2014 Moldavian insurance market statistics.
Market portfolio and market rankings (total/life/non-life) in EUR and MDL:
- Gross written premiums
- Paid claims
- Growth rates
- Market shares