The insurance market of Moldova at the end of 3Q2022 grew by 26.56% to MDL 1.82 billion (EUR 95.84 million), according to data published by the National Financial Market Commission. Paid claims reached MDL 585.80 million (EUR 30.84 million), which is 25.41% more than in the same period of 2021.

Growth was recorded by both life and non-life insurance, with non-life, which occupies 96% of the market portfolio, increasing by more than 27%, while the share of the life segment decreased to about 4%. The largest share in the total market volume is occupied by motor insurance, which grew by almost 25%.

Speaking of paid claims, it is worth noting that they saw growth both in life and non-life insurance. At the same time, among the key non-life classes, they grew the most in property insurance (129%).

Of the 10 insurance companies operating on the market, MOLDASIG comes out on top from the fourth place a year earlier, with MDL 312.60 million. Next comes ASTERRA GRUP (MDL 268.18 million), in third place is GRAWE CARAT ASIGURARI.

Access xprimm.com and download the latest data of the Moldovan insurance market statistics for 3Q2022 in MDL and EUR.