In 1Q2018 the Moldovan market generated MDL 332.1 million, which is 7.01% more y-o-y in local currency, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).

In the European currency, the evolution was 10.32% to EUR 16.37 million, due to the appreciation of the national currency against euro. The market's driver, non-life segment, which has almost 93% of the market portfolio, grew by 6.41%, at the same time life insurance, having only about 7% market share, saw rapid growth of more than 15%.

Total claims almost had no y-o-y change; however, life sector recorded a significant decrease of paid claims (-42.23%). Among non-life classes health and property insurance saw the biggest growth rate of 24.67% and 39.51% accordingly. Non-life class with the biggest share in non-life GWP is motor insurance (69.31%) saw a quite moderate increase of 4.34%, but its biggest sub-class, MTPL, demonstrated an opposite, declining trend and fell by 5.62%.

The leaders of the total market DONARIS VIG and MOLDASIG reduced their market shares, GWP of DONARIS VIG fell by 11.74% and MOLDASIG generated premiums 5.07% less than for the Q1 in 2017. On the other hand, GENERAL ASIGURARI, that a year ago had only 4.34%, jumped y-o-y by 201.39% thus taking the 4^th place on the market among 16 insurance companies. In life sector the major part was produced by the almost only insurer GRAWE CARAT ASIGURARI, holding about 98% (vs 94.7% in Q1 2017). Its premiums' growth rate in Q1 2018 amounted to 23.08%.

The TOP-5 insurers generated about 66% (vs 61.10% for Q1 2017). Among 17 registered insurers, only 15 companies were active in terms of GWP. The smallest amounts of GWP were generated by SIGUR-ASIGUR and AUTO-SIGURANTA.

Access http://xprimm.com/ and download Moldovan market figures.