Moldova

Moldova
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Moldova
Location map
author: OCHA/ ReliefWeb


Location:
- Eastern Europe.
- Neighbours: Romania, Ukraine.

Climate:
- moderate winters, warm summers.

Natural hazards:
- landslides.

Macro indicators
* 2018 estimates
Surface:33,846km2
Population*:3.5million
Pop. density*:104.6people/km2
GDP*:9.8EUR billion
GDP/capita*:2,769.6EUR

Currency: Leu
Code: MDL
Since: 1993


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:7%
TOTAL NON-LIFE*:93%
Overall Property*:8%
Overall Motor*:67%

Sources:



 

MOLDOVA: NBM sets insurance sector supervision priorities for 2026-2027

The National Bank of Moldova (NBM) has identified the most important areas for 2026–2027 that will be under close scrutiny, both through continuous monitoring and on-site inspections, to ensure that supervisory resources are focused on areas that potentially have a significant impact on achieving the goals set out in the law, bizlaw.md writes.













STATISTICS: : MOLDOVA, 1Q2025 results: Profit before tax decreased by 46.7% y-o-y

According to the National Bureau of Statistics, the insurance sector of Moldova decreased by 4.90% y-o-y, to MDL 636.29 million (EUR 32.72 million), in the first quarter of 2025. Paid claims amounted to MDL 264.56 million (EUR 13.60 million), which in local currency is 0.80% less than in the first quarter of 2024.

MOLDOVA: Vienna Insurance Group bid for taking over MOLDASIG S.A.

At the invitation of the Government of the Republic of Moldova, Vienna Insurance Group (VIG) has submitted a bid for the acquisition of 80% of the shares of MOLDASIG S.A., the Austrian group announced. The transaction aims at increasing stability and excellence in the field of risk protection.




STATISTICS: MOLDOVA FY2024: 25% increase in the claims paid, driven by the property and motor insurance lines

According to the National Bureau of Statistics, the insurance sector of Moldova grew by 10.75% to MDL 3,251.61 million (EUR 168.38 million) at the end of 2024. At the same time, paid claims grew by 25.3% and reached MDL 1,283.32 million (EUR 66.46 million).

97% of total GWP is generated in non-life insurance, while the share of life insurance continued to decline and now is only a little above 3%. Motor insurance, as always, remains the leading segment in the market portfolio (70.97%). All insurance classes recorded a positive dynamic in 2024.

As for the paid claims’ dynamics by insurance classes, it is worth noting their decrease by 3.4% in life insurance while all non-life insurance lines recorded a rather significant growth of the claim expenses. Property insurance recorded a more than double value of the paid claims, most probably because of the repeated flooding episodes.

As the Bureau notes in its report, in 2024, insurers' revenues and expenses increased by 15.3% and 18.7% respectively y-o-y. Profit before tax decreased by 19.6% compared to the previous year

Access xprimm.com and download the latest Moldovan insurance market statistics in MDL and EUR.