MDL 234 million (EUR 15 million) wrote in premiums the Moldavian insurers in 1Q2012, 9.4% more than a year earlier, according to the financial data centralized by the National Commission of Financial Market (NCFM). In the same time, claims reached MDL 107.5 million (EUR 6.9 million), a 20% increase in comparison to 1Q2011.

The general insurance segment cumulated underwritings worth EUR 13.9 million, or a share of 92.6%, while life insurance reached EUR 1.1 million.

The most important share on the general insurance segment is held by motor liability insurance (MTPL and Green Card) - 43%, followed by Motor Hull - 18.6%, and property insurance - 11.2%.

In addition to that, the companies have paid claims totaling EUR 1.46 million - MTPL, respectively EUR 1.94 million - Motor hull. Overall motor insurance, made up to 63% of the total claims value.

Compared to 1Q2011, in January-March 2012 the market hierarchy has not undergone major changes, MOLDASIG (25% market share), ASITO (17%), GRAWE CARAT Asigurari (13%), MOLDCARGO and DONARIS GROUP being the first 5 insurers on the Moldavian market. Insurance concentration by total gross written premium of the top 5 insurance companies reached 76.4%.

Access www.xprimm.com and download the 1Q2012 Moldavian insurance market statistics.
•    Market portfolio: GWP/ Claims/Growth rates - in EUR and MDL
•    Market ranking: GWP/Claims/Market shares/Growth rates - in EUR and MDL