STATISTICS: MOLDOVA 3Q2014: Insurance premiums totaled MDL 900 million, while claims increased by 28%

10 November 2014 — Olesea ADONEV
In the first nine months of the current year, gross premiums written by the 16 insurance companies active on the Moldavian market totaled MDL 899.88 million, up by 3.31% compared to the same period of 2013, according to the data of the National Commission for Financial Markets.

At the same time, in European currency, Moldavian insurers registered a decrease of 8.8%, to EUR 48.42 million due to the depreciation of the national currency by 14%.

Moreover, insurance companies paid claims totaling MDL 408.82 million (EUR 22 million), a figure higher by 28% compared to 3Q2013.

In the reporting period, gross written premiums on the non-life segment reached to MDL 845.41 million, up by 3.05% compared with the similar period of 2013.

Also, life insurance companies (GRAWE CARAT, ASITO, SIGUR-ASIGUR) written MDL 54.47 million premiums (+7.69%).

Insurers portfolios are dominated by the motor insurance classes (MTPL, Motor Hull and Green Card) that amounted to MDL 562.53 million, up by 9% y-o-y.

Access and download the 3Q2014 Moldavian insurance market statistics.

Market portfolio and market rankings:
  • Gross written premiums
  • Paid claims
  • Growth rates

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