According to him, a key feature of the market is its heavy reliance on motor insurance, while the shares of life and property insurance remain modest.
"The insurance market in the Republic of Moldova holds significant growth potential; however, its current structure reveals a strong dependence on the motor insurance segment. For the market to mature, product diversification and development of life, property, and other types of insurance protection are essential", stated Veaceslav Ioniță.
The analysis shows that in 2025, GWP in the Republic of Moldova amounted to approximately 0.9% of GDP. In Romania, this figure was around 1.34%, while in CEE countries it was approximately 2.05%. Across the European Union, the share reaches roughly 6.74% of GDP. Veaceslav Ioniță emphasized that after more than two decades of development, the insurance sector's share of Moldova's economy remains below the level recorded in 2007, when it stood at approximately 1.4% of GDP.
According to the expert, a distinctive feature of the Moldovan market is its heavy concentration on motor insurance, which accounts for approximately 68–70% of the total GWP. At the same time, the share of life insurance stands at only about 3%. The analysis shows that life insurance in the Republic of Moldova—when measured against GDP—is approximately six times smaller than that of Romania and nearly 20 times smaller than that of the Czech Republic.
Housing insurance also remains modest. In the second quarter of 2026, GWP in the segment reached approximately MDL 158 million vs MDL 59 million in 2021. When measured against GDP, this segment accounts for roughly 0.04%, a figure significantly lower than property insurance levels in other European countries.
1 EUR = 20.1491 MDL (June 30th, 2026)
Source: noi.md.
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