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

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.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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