The market growth in euro more than doubled compared to growth in the national currency, amounting to 7.89%, thanks to the strengthening of the Moldavian leu against euro, unlike 1Q2018.
The life sector, which accounts for only about 7% of the market portfolio, saw a slight decrease (-0.01%) in local currency, while non-life saw slightly improved GWP of +3.57%, to MDL 319.18 million (EUR 16.43 million), and took 93% of the market.
Property insurance showed the most impressive growth among segments (+32.51%), while the main market segment, motor insurance, had a 2.44% y-o-y reduction in GWP. GWP grew only in Motor Hull (+10.62%), however, the market share of motor insurance fell to 65.45% (from 69.31% a year ago).
Among 14 active insurers, the share of the TOP-5 remained almost unchanged (about 64%). Market shares of the two leaders increased y-o-y, DONARIS VIENNA INSURANCE GROUP generated GWP in the amount of MDL 52.48 million (+13%), its market share went up to 15.30%, and GRAWE CARAT ASIGURARI with GWP worth MDL 51.62 million grew its market share to 15.04%. GWP of the third leader, MOLDASIG, on the other hand, dropped y-o-y by 7.28%.
*MDL 19.4318/EUR - at 31 March 2019
Access xprimm.com and download 1Q2019 Moldovan insurance market statistics.
- Moldova 1Q2019 Market portfolio (in EUR and MDL):
- GWP;
- Paid claims;
- Growth rates;
- Market weights;
- Moldova 1Q2019 Insurance companies rankings (in EUR and MDL):
- GWP;
- Paid claims;
- Growth rates;
- Market shares;
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