At the end of the first quarter of 2024, total assets of insurance companies in Moldova exceeded MDL 5 billion (~EUR 0.25 billion), which is MDL 58.3 million, or 1.2% more compared to the end of the previous year, bizlaw.md wrote.

According to the National Bank of Moldova (NBM), the value of liquid assets amounted to MDL 2.97 billion (+2.7% compared to the end of the previous year), which is 59% of the total registered assets of insurance companies. The value of liquid assets in relation to the value of total technical reserves on the market amounted to 101.6%, having increased by 3.9 p.p. compared to the end of the previous quarter.

The NBM states that all licensed insurance companies have a solvency level exceeding 100%. The average solvency level in non-life insurance increased by 10 p.p. compared to the end of the previous year and amounted to 157.9%, while insurance companies reported solvency rates from 135.5% to 214.5%. In life insurance, the solvency level was recorded at 644.8%, which means a significant rise by 19.7 p.p. compared to December 31, 2023, the source writes.

* MDL 20.0263/EUR - at 31 March 2023