As in previous reporting periods, the GWP portfolio was dominated by the motor insurance classes (MTPL, Motor Hull and Green Card) which generated togheter almost 64% of total. At the same time, the two property lines (fire, allied perils and other damages to property insurance) accounted for 12% of total GWP, while the share of life insurance increased to 6.7% (GWP of about EUR 4.3 million) thanks to the positive rates reported by the only two companies active in this market segment: GRAWE CARAT Asigurari and SIGUR-ASIGUR.
At the end of December 2014, on the Moldavian insurance market were active 15 insurance companies. According to NCFM, MOLDASIG was the leading insurer (with 23.4% market share), followed by ASITO (15.5%), GRAWE CARAT Asigurari (11.5%), DONARIS VIG (10.7%) and MOLDCARGO (7.7%). The share of the five mentioned insurers reached 69% of total, while top 10 generated more than 91% of total market.
Access www.xprimm.com and download the FY2014 Moldavian insurance market statistics.
Market portfolio and market rankings (total/life/non-life) in EUR and MDL:
- Gross written premiums
- Paid claims
- Growth rates
- Market shares