Moldova
MOLDOVA: an important step for market liberalization to take place July 1st
On July 1, 2019, insurance market liberalization begins in Moldova. After this date insurance companies will independently set tariffs for MTPL and Green Card, which are currently set by the supervisory authorities, Sputnik Moldova news agency reports.
30 May 2019HALKBANK wants to further expand activity in Balkans
Turkey-based Halkbank announced the acquisition of Macedonian Nova Insurance, and now shows interest in investing in Moldova, too. Halkbank is already active in North Macedonia and Serbia, making Moldova the third country in the region Halkbank wants to develop.
23 May 2019The profit of the insurance companies Moldova fell to a third
1 April 2019STATISTICS: MOLDOVA, FY2018: the market growth in euro almost doubled its growth in local currency
Moldovian insurers ended 2018 with GWP growth of 5.29% in local currency and by 10.08% in euro, by generating EUR 77.77 million in GWP.
21 March 2019Hungary's OTP to buy majority stake in Moldova's Mobiasbanca
10 February 2019STATISTICS: MOLDOVA, 3Q2018: motor insurance keeps more than 70% of the market
Insurance market of Moldova as of the end of September went up by 2.27% y-o-y. At that, thanks to the favorable exchange rate evolution against euro, the market growth in European currency amounted to 7.36% (GWP of EUR 55.27 million).
29 November 2018STATISTICS: MOLDOVA, 1H2018: the market's growth in euro is two times higher than in local currency
In 1H the Moldovan market generated MDL 705.71 million of GWP (EUR 36.14 million), 6.39% more y-o-y, at that the market's growth in euro was twice as higher (12.82%), according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).
20 August 2018STATISTICS: MOLDOVA, 1Q2018: the local market's growth after 3 months amounted to 7%
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).
23 May 2018MOLDOVA's top banks, insurers up for sale
Major stakes in top two banks and three major insurers have been confiscated after illegal coordination by shareholders detected, but no buyers have come forward, leaving Moldova's financial sector in limbo.
26 April 2018STATISTICS: MOLDOVA, FY 2017: GWP increased by 6.9%
In 2017 Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion), 6.9% up y-o-y, according to the final data of the Supervisory Authority (CNPF), centralized by the specialized portal www.xprimm.md.
Claims paid by the companies decreased by 2.15% y-o-y and reached EUR 24.9 million (MDL 507.97 million).
Claims paid by the companies decreased by 2.15% y-o-y and reached EUR 24.9 million (MDL 507.97 million).
29 March 2018Exclusive: Preliminary results of the Moldovan insurance market in 2017, find out here the ranking of the companies
Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion) in 2017, 4.8% up y-o-y, according to the preliminary data of the Supervisory Authority (CNPF), centralized for the first time by the specialized portal www.xprimm.md.
1 March 2018STATISTICS: Moldova, 3Q2017: GWP up by 5.2%, while claims slowly decreased by 0.84%
GWP collected by Moldavian insurers totaled MDL 1,067.96 million and went up by 5.26% compared to the similar period of 2016, according to the official data published by the National Commission of the Financial Market in Moldova (NCFM).
7 December 2017Rep. of Moldova: MTPL tariffs could be liberalized gradually while insurers' capital could reach MDL 1.8 billion lei according to NCFM strategy
Until 2022, the volume of insurance reserves and the insurers' capital must reach the level of MDL 1.8 billion each, the development strategy developed for the following five years by the National Commission of the Financial Market in Moldova (NCFM) for the non-banking financial market envisions.
16 November 2017Main conclusions: The Insurance Conference - Republic of Moldova
One of the most important annual events dedicated to the regional insurance market, The Insurance Conference - Republic of Moldova, took place on 10 October in Chisinau, gathering over 120 professionals from Moldova, Romania, Russia, Ukraine, Holland, Germany, The Czech Republic, Poland, Croatia and Latvia.
12 October 2017STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy
Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM).
7 September 2017MOLDOVA: In 1H2017, the pre-tax profit of insurers was MDL 33.8 million, one third amore y-o-y
The incomes of the insurers increased 0.9% year-on-year to MDL 1 billion 093.3 million. The incomes from insurance activities proper were MDL 978.5 million, up 14.4% year-on-year. The expenses of the insurance companies grew 8.2% to MDL 1 billion 059.5 million.
22 August 2017STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017
In 1Q2017, the total GWP collected by Moldavian insurance companies have reached to MDL 310.33 million, up by 9.12% y-o-y, according to the official data published by the market watchdog.
22 June 2017STATISTICS: MOLDOVA, FY2016: Growth supported by the MTPL rates
The total GWP by Moldova's insurance companies increased by 9.67%, to MLD 1,347.04 million (EUR 64.48 million) in 2016, according to the official data published by the supervisory authority - NCFM.
6 April 2017MOLDOVA: Two Moldasig shareholders, forced by the NCFM to sell their shares
The National Commission of Financial Market (NCFM) has decided to
sanction two shareholders of the insurance company Moldasig. Thus, the
"WESNA" L.T.D. (4.99% share) and "ERWA" Limited (4.98% share)
shareholders, have 3 months to sell their shares.
20 December 2016MOLDOVA: Eight insurance companies risk losing their license
The National Commission of Financial Market (NCFM) has warned eight
insurance companies from Moldova, that they could remain without
license, because of the irregularities detected.
5 December 2016
