STATISTICS: MOLDAVIAN market down by 10% in 2014 due the currency depreciation
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