Moldova

Flag

Location map

Location:
- Eastern Europe.
- Neighbours: Romania, Ukraine.

Climate:
- moderate winters, warm summers.

Natural hazards:
- landslides.

Macro indicators
* 2018 estimates

Surface:	33,846	km²
Population*:	3.5	million
Pop. density*:	104.6	people/km²
GDP*:	9.8	EUR billion
GDP/capita*:	2,769.6	EUR

Currency: Leu
Code: MDL
Since: 1993

Exchange rates at December 31st:
1 EUR = 19.5212 MDL (2018)
1 EUR = 20.4099 MDL (2017)
1 EUR = 20.8895 MDL (2016)
1 EUR = 21.4779 MDL (2015)
1 EUR = 18.9966 MDL (2014)
1 EUR = 17.9697 MDL (2013)
1 EUR = 15.9967 MDL (2012)
1 EUR = 15.0737 MDL (2011)
1 EUR = 16.1045 MDL (2010)

Sources:

Statistics

Moldova 1Q2019 Rankings

Moldova 1Q2019 Market Portfolio

See all statistics

Latest news

STATISTICS: MOLDOVA, 1Q2019: market paid claims rose more than 68% in national currency through slight increase of GWP

In 1Q2019, the Moldovan insurance market grew 3.31% y-o-y, to MDL 343.10 million (EUR 17.66 million). Market paid claims increased significantly, by 68.59% to MDL 120.92 million (EUR 10.49 million), according to data published by the National Commission for Financial Markets (CNPF).

2019-06-06

MOLDOVA: an important step for market liberalization to take place July 1st

On July 1, 2019, insurance market liberalization begins in Moldova. After this date insurance companies will independently set tariffs for MTPL and Green Card, which are currently set by the supervisory authorities, Sputnik Moldova news agency reports.

2019-05-30

HALKBANK wants to further expand activity in Balkans

Turkey-based Halkbank announced the acquisition of Macedonian Nova Insurance, and now shows interest in investing in Moldova, too. Halkbank is already active in North Macedonia and Serbia, making Moldova the third country in the region Halkbank wants to develop.

2019-05-23

The profit of the insurance companies Moldova fell to a third

Read the full story

2019-04-01

STATISTICS: MOLDOVA, FY2018: the market growth in euro almost doubled its growth in local currency

Moldovian insurers ended 2018 with GWP growth of 5.29% in local currency and by 10.08% in euro, by generating EUR 77.77 million in GWP.

2019-03-21

Hungary's OTP to buy majority stake in Moldova's Mobiasbanca

Read the full story

2019-02-10

STATISTICS: MOLDOVA, 3Q2018: motor insurance keeps more than 70% of the market

Insurance market of Moldova as of the end of September went up by 2.27% y-o-y. At that, thanks to the favorable exchange rate evolution against euro, the market growth in European currency amounted to 7.36% (GWP of EUR 55.27 million).

2018-11-29

STATISTICS: MOLDOVA, 1H2018: the market's growth in euro is two times higher than in local currency

In 1H the Moldovan market generated MDL 705.71 million of GWP (EUR 36.14 million), 6.39% more y-o-y, at that the market's growth in euro was twice as higher (12.82%), according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).

2018-08-20

STATISTICS: MOLDOVA, 1Q2018: the local market's growth after 3 months amounted to 7%

In 1Q2018 the Moldovan market generated MDL 332.1 million, which is 7.01% more y-o-y in local currency, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).

2018-05-23

MOLDOVA's top banks, insurers up for sale

Major stakes in top two banks and three major insurers have been confiscated after illegal coordination by shareholders detected, but no buyers have come forward, leaving Moldova's financial sector in limbo.

2018-04-26

STATISTICS: MOLDOVA, FY 2017: GWP increased by 6.9%

In 2017 Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion), 6.9% up y-o-y, according to the final data of the Supervisory Authority (CNPF), centralized by the specialized portal www.xprimm.md.

Claims paid by the companies decreased by 2.15% y-o-y and reached EUR 24.9 million (MDL 507.97 million).

2018-03-29

Exclusive: Preliminary results of the Moldovan insurance market in 2017, find out here the ranking of the companies

Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion) in 2017, 4.8% up y-o-y, according to the preliminary data of the Supervisory Authority (CNPF), centralized for the first time by the specialized portal www.xprimm.md.

2018-03-01

STATISTICS: Moldova, 3Q2017: GWP up by 5.2%, while claims slowly decreased by 0.84%

GWP collected by Moldavian insurers totaled MDL 1,067.96 million and went up by 5.26% compared to the similar period of 2016, according to the official data published by the National Commission of the Financial Market in Moldova (NCFM).

2017-12-07

Rep. of Moldova: MTPL tariffs could be liberalized gradually while insurers' capital could reach MDL 1.8 billion lei according to NCFM strategy

Until 2022, the volume of insurance reserves and the insurers' capital must reach the level of MDL 1.8 billion each, the development strategy developed for the following five years by the National Commission of the Financial Market in Moldova (NCFM) for the non-banking financial market envisions.

2017-11-16

Main conclusions: The Insurance Conference - Republic of Moldova

One of the most important annual events dedicated to the regional insurance market, The Insurance Conference - Republic of Moldova, took place on 10 October in Chisinau, gathering over 120 professionals from Moldova, Romania, Russia, Ukraine, Holland, Germany, The Czech Republic, Poland, Croatia and Latvia.

2017-10-12

STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy

Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM).

2017-09-07

MOLDOVA: In 1H2017, the pre-tax profit of insurers was MDL 33.8 million, one third amore y-o-y

The incomes of the insurers increased 0.9% year-on-year to MDL 1 billion 093.3 million. The incomes from insurance activities proper were MDL 978.5 million, up 14.4% year-on-year. The expenses of the insurance companies grew 8.2% to MDL 1 billion 059.5 million.

2017-08-22

STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017

In 1Q2017, the total GWP collected by Moldavian insurance companies have reached to MDL 310.33 million, up by 9.12% y-o-y, according to the official data published by the market watchdog.

2017-06-22

STATISTICS: MOLDOVA, FY2016: Growth supported by the MTPL rates

The total GWP by Moldova's insurance companies increased by 9.67%, to MLD 1,347.04 million (EUR 64.48 million) in 2016, according to the official data published by the supervisory authority - NCFM.

2017-04-06

MOLDOVA: Two Moldasig shareholders, forced by the NCFM to sell their shares

The National Commission of Financial Market (NCFM) has decided to sanction two shareholders of the insurance company Moldasig. Thus, the "WESNA" L.T.D. (4.99% share) and "ERWA" Limited (4.98% share) shareholders, have 3 months to sell their shares.