Moldova

Insurance statistics - Moldova

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Location map
author: OCHA/ ReliefWeb


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

Climate:
- moderate winters, warm summers.

Natural hazards:
- landslides.

Macro indicators
* 2018 estimates
Surface:33,846km2
Population*:3.5million
Pop. density*:104.6people/km2
GDP*:9.8EUR billion
GDP/capita*:2,769.6EUR

Currency: Leu
Code: MDL
Since: 1993


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:7%
TOTAL NON-LIFE*:93%
Overall Property*:8%
Overall Motor*:67%

Sources:



 


Statistics

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Moldova 1H2020 Insurance Companies Rankings

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Moldova 1H2020 Market Portfolio


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Latest news







STATISTICS: MOLDOVA, FY2019: GRAWE was the sole life insurer, with 100% market share

At the end of 2019, the Moldovan insurance market recorded an increase of 7.02% y-o-y in local currency. Market GWP went up to MDL 1.6 billion (~EUR 84.4 million), while the growth rate of paid claims was more prominent (+19.09%), according to the latest data published by the National Commission of Financial Market (CNPF).

MOLDOVA: Alina OSOIANU returns to BNAA leadership

Starting January 6th, 2020, Alina OSOIANU returns to the position of Executive Director of Moldovan Motor Insurers Bureau (BNAA). It will be the second time when she holds this position inside BNAA, after she lead the institution between 2015-2018.








MOLDOVA: ACORD GRUP: MTPL and Green Card dominate the market

The Moldovan market is underdeveloped and affected by disloyal competition. The largest share in insurer portfolios is MTPL and Green Card, since this insurance is mandatory, says Natalia ROSCA, General Director of Acord Grup.

MOLDOVA: the base MTPL premium to grow by approximately 8% from July 1

From July 1 this year, a new procedure for premium calculation in MTPL entered into force in Moldova and an estimated premium was introduced as part of tariff liberalization for the segment, reports Capital.market (the informational pamphlet of the National Financial Market Commission (CNPF).



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.