STATISTICS: MOLDAVIAN insurers reported a business volume of EUR 59 million at the end of 2015

14 April 2016 — Vlad BOLDIJAR
At the end of December 2015, the Moldavian insurance market totaled MDL 1.2 billion (about EUR 58.8 million), up by 2.1% y-o-y, according to the preliminary statistics recently published by the market's supervisory authority. Claims paid by the 15 insurers that have reported operations totaled MDL 386.6 million (or EUR 18.5 million) - equivalent to 31% of the total GWP.

Overall, life policies contributed with 7% to the aggregate GWP (MDL 87.5 million), the value representing the aggregate GWP volume of GRAWE CARAT Asigurari (94.5% - market share) and SIGUR-ASIGUR (the remaining 5.5%).

Non-life policies have generated more than 92% of the total market, of which about two thirds were accounted by the three motor sub-segments: motor hull - 19.7%, Motor TPL - 20.4% and Green Card - 22.2%. On non-life segment, the market leaders were MOLDASIG (19% market share), followed by DONARIS VIG (14.6%) and ALLIANCE Insurance Group (12.6%).

Access www.xprimm.com and download the FY2015 Moldavian insurance market statistics.

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