In local currency decline in volumes was recorded only by the non-life sector (by more than 13%). The impact of the pandemic crisis led to negative results at the end of the third quarter in almost all non-life LoB, however, MTPL not only showed impressive growth (+ 20% y-o-y), but also increased its share in the market portfolio by almost 9%. Life insurance growth, on the other hand, was not as impressive (+1.50%), but at least without a decline in MDL.
Of the 13 companies operating in the insurance market of Moldova, the three leaders - GRAWE CARAT ASIGURARI, ASTERRA GRUP and GENERAL ASIGURARI, as well as INTACT ASIGURARI GENERALE, which ranked 9th, ended 3Q2020 in a positive zone. At the same time, ASTERRA GRUP (+29.33%) had the highest rates among the TOP-3, narrowing the gap in its market share with the market leader GRAWE CARAT ASIGURARI.
1 EUR = 19.8273 MDL (30 September 2020)