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Republic of Moldova

MOLDOVA: in 2019, almost 94% of total GWP generated by the non-life sector

According to the data of the National Commission on the Financial Markets of the Republic of Moldova (CNPF), in 2019 local insurance companies collected 7% more GWP y-o-y, informed the Chairman of the Administrative Board of CNPF, Valeriu CHITAN. more...

STATISTICS: MOLDOVA, FY2019: GRAWE was the sole life insurer, with 100% market share

At the end of 2019, the Moldovan insurance market recorded an increase of 7.02% y-o-y in local currency. Market GWP went up to MDL 1.6 billion (~EUR 84.4 million), while the growth rate of paid claims was more prominent (+19.09%), according to the latest data published by the National Commission of Financial Market (CNPF). more...

MOLDOVA: Alina OSOIANU returns to BNAA leadership

Starting January 6th, 2020, Alina OSOIANU returns to the position of Executive Director of Moldovan Motor Insurers Bureau (BNAA). It will be the second time when she holds this position inside BNAA, after she lead the institution between 2015-2018. more...

MOLDOVA: insurers might lose their right to issue Green Card policies

The Green Card System Monitoring Committee will decide in the nearest time whether Moldova will be excluded from the international insurance system, Valeriu CHITAN, announced. more...

STATISTICS: MOLDOVA, 3Q2019: market share of the key market segment - motor insurance dropped by almost 7% y-o-y

The Moldovan insurance sector ended the 3rd quarter of 2019 with GWP in the amount of MDL 1218.15 million (EUR 62.80 million), which in local currency is 11.53% more y-o-y, as the data, published by the National Commission of Financial Market show. more...

MOLDOVA: financial recovery of Moldova-Astrovaz SA and Klassika Asigurari SA continues

The financial recovery procedure, introduced in July 2019, of Moldova-Astrovaz SA and Klassika Asigurari SA continues, Capital.market reports with reference to the National Financial Market Commission (CNPF) press service. more...

MOLDOVA: World Bank appreciates supervisor's work and is ready to further assist in reforming the insurance market

At the end of September 2019, the World Bank's (WB) final mission from Chisinau was to assist in the implementation of the Moldovan insurance market reform, as Capital.market reports. more...

MOLDOVA: TAIEX experts and representatives of the Romanian regulator conducted trainings on MTPL liberalization

The latest report of Capital.market, that references the Supervisory Authority (CNPF) press service, mentions the visit that the European Commission has made in Moldova, through the Technical Assistance and Information Exchange program. more...

MOLDOVA: peaceful settlement of traffic accidents to significantly simplify damage compensation

As of September 8, 2019, a procedure exists for peaceful settlement of traffic accidents without police documentation, Capital.market reported, according to the press-service of the National Commission for Financial Markets (CNPF). more...

STATISTICS: MOLDOVA, 1H2019: paid claims growing more than twice as fast as GWP in local currency

In the first half of 2019, Moldovan insurers generated GWP in the amount of MDL 769.48 million (EUR 37.27 million), about 9% more y-o-y. At the same time, growth of paid claims was much more impressive - by 18.81%, up to MDL 347.02 million, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). more...

MOLDOVA: ACORD GRUP: MTPL and Green Card dominate the market

The Moldovan market is underdeveloped and affected by disloyal competition. The largest share in insurer portfolios is MTPL and Green Card, since this insurance is mandatory, says Natalia ROSCA, General Director of Acord Grup. more...

MOLDOVA: the base MTPL premium to grow by approximately 8% from July 1

From July 1 this year, a new procedure for premium calculation in MTPL entered into force in Moldova and an estimated premium was introduced as part of tariff liberalization for the segment, reports Capital.market (the informational pamphlet of the National Financial Market Commission (CNPF). more...

STATISTICS: MOLDOVA, 1Q2019: market paid claims rose more than 68% in national currency through slight increase of GWP

In 1Q2019, the Moldovan insurance market grew 3.31% y-o-y, to MDL 343.10 million (EUR 17.66 million). Market paid claims increased significantly, by 68.59% to MDL 120.92 million (EUR 10.49 million), according to data published by the National Commission for Financial Markets (CNPF). more...

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. more...

The profit of the insurance companies Moldova fell to a third

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STATISTICS: 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. more...

Hungary's OTP to buy majority stake in Moldova's Mobiasbanca

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STATISTICS: 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). more...

STATISTICS: 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). more...

STATISTICS: 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). more...




















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