MOLDOVA: In 1H2015 the share of mediated premiums by the brokerage companies rose to 31.3% of the total volume of GWP

29 October 2015 — Olesea ADONEV
In the first half of 2015, the premiums mediated by the Moldavian insurance brokerage companies went up by 13% y-o-y, to MDL 179.35 million, according to the official data published by the National Commission of Financial Market of Moldova.

At the same time, in 1H2015 the share of mediated GWP by the brokerage companies rose from 27.6% in 1H2014 to 31.3% of the total volume of GWP.

In the reporting period, 94.1% of the brokers' sales were collected on the non-life insurance segment and the rest of 6% on the life insurance. The number of the concluded insurance contracts increased to 169.260 compared with 147.277 in 1H2014.

Also, revenue carried out by the brokerage's activity totaled MDL 52.1 million, 8% more than in the same period of 2014 (MDL 49.2 million).

In the analyzing period, on the local insurance market have operated 72 brokerage companies, with 10 less than in 1H2014. At the same time, the market share held by the first 20 companies increased to 67% in 1H2015.

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