Over 9% increase for Moldavian insurance market in 3Q2011

1 December 2011 — Vlad BOLDIJAR
Over 9% increase for Moldavian insurance market in 3Q2011
Moldavian insurers wrote MDL 745.76 million (EUR 45.21 million) in premiums in the first ninth months of 2011, a 9% increase compared to the same period of last year. At the same time, claims reached MDL 251.70 million (EUR 15.26 million), 13% more than 2010, according to statistics from the National Commission of Financial Market.

Motor insurance (Motor hull, MTPL, Green Card and other motor insurance, added-up) generated MDL 474.77 million in premiums, or 64% of the market, while property insurance (Fire, allied perils, and other goods, added-up) totalized MDL 72.47 million, growing by 5% in comparison with 2010.

The life insurance segment stands for a modest 5.8% of the total market. This line increased by 25% comparing to 2010, to MDL 44.56 million.

The top companies are MOLDASIG and ASITO, with 28.03%, respectively 16.31% market shares. They are followed by GRAWE CARAT, with 11.30%, MOLDAGRO, with 8.77% and DONARIS - GROUP - 8.14%.

Access www.xprimm.com and download the Moldavian insurance market statistics.

Market portfolio (in EUR and MDL):
  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings (GWP/Claims/Market shares/Growth rates - in EUR and MDL):
  • Total market ranking
  • Life insurance ranking
  • Non-life insurance ranking
  • Motor insurance rankings - Total, Motor Hull, MTPL & Green Card
  • Property insurance rankings - Total, Fire & allied perils, Damages to property
  • Health insurance ranking- Total, Health valid in Moldova & Health valid outside Moldova