STATISTICS: MOLDOVA, 1H2019: paid claims growing more than twice as fast as GWP in local currency

29 August 2019 — Marina MAGNAVAL
In the first half of 2019, Moldovan insurers generated GWP in the amount of MDL 769.48 million (EUR 37.27 million), about 9% more y-o-y. At the same time, growth of paid claims was much more impressive - by 18.81%, up to MDL 347.02 million, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).

The non-life market's share slightly increased and reached 94.12%, while the life market share, on the contrary, dropped to 5.88%.

Motor insurance keeps the most significant portion in the market portfolio, although its share is declining. Motor insurance GWP in total remained almost unchanged thanks to MTPL increase by 11.13%. Among the key market segments, property insurance showed incredible growth - by almost 31%, with no less impressive drop of its paid claims (-56.59%).

Among 14 active insurers, in terms of GWP, GRAWE CARAT ASIGURARI is keeping the leading positions (MDL 110.71 million/EUR 5.36 million), followed by MOLDASIG (MDL 109.50 million/EUR 5.30 million) and DONARIS VIENNA INSURANCE GROUP (MDL 103.61 million/EUR 5.02 million).

Access and download 1H2019 Moldovan insurance market statistics.

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