The GWP, in the first nine months, by the 15 Moldavian insurance companies active on the local market, totaled MDL 909.25 million (EUR 44.16 million), up by 1% y-o-y, according to the official data published by the National Commission of Financial Market of Moldova.
12 November 2015
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.
29 October 2015
The European Union has launched a new Twinning Project in the field of prudential regulation and supervision of the non-banking financial market in Moldova, according to the official press-release published by the National Commission for Financial Markets. The project is financed by the European Union to the tune of EUR 1.3 million.
29 October 2015
The National Motor Insurers' Bureau of Moldova (BNAA) has recently elected a new executive staff. Thus, the new CEO is Alina OSOIANU. She will replace Mihai MANOLE who resigned from the top executive position.
24 September 2015
2014 and the first half of the current year were one of the most
difficult periods for the domestic insurance market due to the internal
disputes in the National Bureau of Motor Insurers in Moldova between the
members with rights to issue Green Card policies, namely, regarding the
principle of internal organization and the lack of access by the local
management to the funds of the bureau.
17 September 2015
In the first six months of this year, the insurance companies of Republic of Moldova reported a total GWP volume of about MDL 573.17 million, down by half percent compared with the 1H2014 figures. About 93.72% of aggregated GWP volume was generated by the non-life classes, the remaining 6.28% being accounted by life policies.
17 September 2015
According to preliminary data of the National Commission for financial
market, in January-June 2015 the largest volume of premiums accounted
for the company Moldasig - 26,04 million lei, Donaris Grup - 24,62
million lei, Asito - 17,85 million lei, Klassika Asigurari - 17,64
million lei, Victoria Asigurari - 15,52 million lei. The share of these
companies accounted for over 80% of the collected premiums on the "Green
card" insurance.
17 August 2015
The Bureau for Reintegration informs that currently, all 14 Moldovan insurance companies, issuing motor third party liability insurance (MTPL) policies, joined the "mechanism-frame on cooperation of insurance agents from both banks of the Dniester in compulsory insurance contracts on civil auto liability".
15 June 2015
In the first three months of this year, the 15 active Moldavian insurers reported a total GWP volume of about MDL 253.66 million (EUR 12.48 million), down by a half a percentage point as compared with the 1Q2014 figures. About 92% of aggregated GWP voume was generated by the non-life classes, the remaining 8% being accounted by life policies. The value of paid claims by insurers decreased by 31.4% y-o-y to MDL 79.36 million (EUR 3.90 million).
28 May 2015
ASITO KAPITAL, the Romanian insurance company controlled by MOLDASIG, will take over 99% of the Ukrainian insurer STAR-POLIS's shares, based in Kiev.
23 April 2015
Last year the Moldavian insurance market totaled MDL 1.2 billion or 0.4% more y-o-y, according to the official statistics published by the National Commission of Financial Market - NCFM. Denominated in euro, due to the depreciation of the national currency, the local insurance market was down by 9.9% to EUR 64.6 million. The value of claims paid by insurers was up by 6.6% y-o-y to EUR 27.6 million, of which motor insurance classes (hull, MTPL and Green Card, summed) accounted for more than 58% (or EUR 16 million) while financial loss policies represented 30% (or EUR 8.2 million).
16 April 2015
During a telephone conversation between the Moldovan Prime Minister
Kirill Gaburici and Tiraspol leader Yevgeny Shevchuk it was agreed
today, April 1, to suspend the implementation of the motor insurance in
the region until April 14.
2 April 2015
Moldovan drivers will be required to buy insurance for their cars at the
entrance to Transnistria. Each day, some 2,000 cars cross the security
zone, separatist authorities will increase the number of inspectors.
Thus, Tiraspol is trying to accumulate money in the budget of the
region, to overcome the financial crisis. Chisinau say that it is a
unilateral measure that will hinder dialogue between the two sides, TV
"Moldova 1" reported.
31 March 2015
In December 2014, two Moldavian insurers increased their capital by more than 100%, according to a press release published by the National Commission of Financial Market (NCFM). The two capital increases led the total market capitalization from over a half million MDL at the end of 2014 to MDL 505.5 million (about EUR 26.6 million).
22 January 2015
At the end of September, the Moldavian insurance brokerage market totaled MDL 240 million (EUR 13 million), up 5% y-o-y, according to the financial data published by the National Commision of Financial Market. At the same time, the share of brokers in total insurance market increased from 26.3% (in 3Q2013) to 26.7% (in September 2014).
11 December 2014
The international Austrian company Vienna Insurance Group (VIG), which
in early 2014 has purchased 94% of shares in the Donaris Group insurance
company, intends to bring to Moldova the European standards in the
sphere of insurance.
10 November 2014
In the first nine months of the current year, gross premiums written by the 16 insurance companies active on the Moldavian market totaled MDL 899.88 million, up by 3.31% compared to the same period of 2013, according to the data of the National Commission for Financial Markets.
10 November 2014
The Moldavian insurance market recorded, in the first half of this year, a total gross written premiums volume of MDL 575.8 million (EUR 31 million), a figure higher by 0.74% compared to 1H2013 (MDL 571.5 million - EUR 35.44 million), according to financial data centralized by the National Commission for Financial Markets (NCFM). At the same time, in European currency, Moldovan insurers registered a decrease of 12.4% due to the depreciation of the national currency by 15%. Also, insurance companies have paid claims totaling MDL 278.9 million (EUR 15 million), almost 42% up y-o-y.
21 August 2014
VIENNA Insurance Group (VIG) announced their intention to take over the remaining 6.214% stake in the Moldavian insurer DONARIS Group, after previous acquisition of around 94% stake of its shares, according to the official publication of the supervisory authority.
10 July 2014
The Moldavian insurance market reported for January-March 2014 - gross written premiums of MDL 255 million, up 10% y-o-y, according to the preliminary figures published by the market authority - National Commission of Financial Market. In European currency - due the devaluation of Moldovan leu against the euro, the insurance market reported a decline of 3.5% y-o-y, to almost EUR 14 million.
24 June 2014