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Republic of Moldova

MOLDOVA: the number of premiums under agricultural risk insurance contracts in the first half of 2022 increased by 40%

In Moldova, the number of premiums collected by insurance companies under agricultural risk insurance contracts in the first half of 2022 increased by more than 40% compared to the same period last year, east-fruit.com wrote. more...

MOLDOVA: starting September the cost of MTPL policies increased

In Moldova, the cost of MTPL policies has increased. The decision was taken by the National Commission for Financial Markets (CNPF) on August 9 and entered into force on September 2, from the moment of publication in Monitorul Oficial. more...

STATISTICS: MOLDOVA, 1H2022: the market sees a 35% rise y-o-y in local currency

The insurance market in Moldova in 1H2022 rose by 34.62% to MDL 1.182 billion (EUR 58.77 million), according to data published by the National Financial Market Commission. Paid claims reached MDL 391.28 million (EUR 19.45 million), which is 27.57% up compared to the same period of 2021. more...

STATISTICS: MOLDOVA, 1Q2022: the insurers' business expanded by more than 24% y-o-y

In the first quarter of 2022, the insurance sector of Moldova grew by more than 24% y-o-y to MDL 485.23 million (EUR 23.80 million). Paid claims also recorded a fairly strong growth - by 17%, amounting to MDL 185 million (EUR 9.07 million), according to the data published by the National Financial Market Commission. more...

MOLDOVA: in the spring of 2022, the number and size of agroinsurance contracts dropped sharply

According to the information of brokers of insurance companies in Moldova, in the spring of 2022, the number and size of insurance contracts concluded by agricultural producers dropped sharply. Among the reasons, there is a decrease in industry profitability throughout the 2021-2022 season, as well as a sharp rise in the cost of all production resources in late 2021 and early 2022, EastFruit reports. more...

STATISTICS: MOLDOVA, FY2021: insurers' business expanded by more than 31% y-o-y (in local currency)

The insurance sector of Moldova ended 2021 with an increase of 31.58% (in local currency) - total GWP reached MDL 1.92 billion (EUR 95.87 million). At the same time, paid claims increased by only 11% to MDL 662 million, according to the data published by the National Financial Market Commission. more...

MOLDOVA: NCFM calls on motor third party liability insurers to show solidarity and understanding

National Financial Market Commission (NCFM) has clarified for parties involved in third party liability insurance the latest changes regarding availability of a Green Card policy for vehicles registered in Ukraine, CapitalMarket reports. more...

STATISTICS: MOLDOVA, 3Q2021: the share of non-life insurance exceeded 95% of GWP

In the third quarter of 2021, the Moldovan insurance market ended with y-o-y growth of more than 35% (MDL 1.43 billion/EUR 69.83 million) in local currency. At the same time, the growth in paid claims was very moderate - at the level of 6.53% (MDL 467.10 million), according to the data published by the National Financial Market Commission. more...

Ecaterina Caraman might take over soon the heading position of Moldovan National Financial Market Commission

Ecaterina Caraman, head of the Corporate Investment Department within Moldova Agroindbank (MAIB) could be appointed to lead the National Financial Market Commission (NCFM), the autonomous public authority that authorizes, regulates and supervises the activity of participants in the non-banking financial market in the Republic of Moldova. more...

STATISTICS: MOLDOVA, 1H2021: GWP increased by more than 29% y-o-y, while paid claims remained almost unchanged

In 1H2021, the insurance sector of Moldova recorded a GWP increase by more than 29% y-o-y, up to MDL 878.01 million (EUR 41.03 million). more...

MOLDOVA: Asterra Grup received a gold medal at the Moldovan Business Gala

Asterra Grup was awarded the Gold Medal in the category "Financial Services" on June 25 within the "Trademark of the Year 2020" competition, organized by the Chamber of Commerce and Industry of Moldova in partnership with the State Agency for Intellectual Property, CapitalMarket reports. more...

MOLDOVA: in the first three years since introduction of the strategy for the non-bank financial market development, about 80% of measures implemented

In the first three years since introduction of the strategy for the development of the non-banking financial market for 2018-2022, about 80% of the measures included in the Action Plan have been implemented, stated CNPT representatives for xprimm.md. more...

MOLDOVA: a well-thought-out strategy allowed GENERAL ASIGURARI to become one of the TOP-3 in the market

For four years of work since creation in 2016, GENERAL ASIGURARI entered the TOP-3 companies in Moldova. According to the results of 1Q2021 (GWP volume), the company ranks 3rd in the insurance market and 2nd in the non-life insurance market, said Vitalie BANARU, CEO of GENERAL ASIGURARI SA, in an interview with Capital Market. more...

STATISTICS: MOLDOVA, 1Q2021: the share of non-life insurance in the market portfolio exceeded 93%

In the first three months of 2021, the insurance market in Moldova expanded by almost 15% y-o-y in local currency to MDL 389.65 million (EUR 18.44 million). more...

STATISTICS: MOLDOVA, FY2020: market decline slightly slowed down after the third quarter and by the end of the year amounted to about 11%

The insurance market of Moldova ended 2020 with a total GWP drop of almost 11% y-o-y in local currency (MDL 1.45 billion/EUR 68.77 million). Paid claims decreased by 8.78% to MDL 596.39 million. more...

Teodor UNGUREANU is the new General Manager of MOLDCARGO

Teodor UNGUREANU is the new General Manager of the insurance company MOLDCARGO, according to an announcement published by the National Financial Market Commission (CNPF). more...

MOLDOVA: turnover of new shares issued by MOLDASIG suspended

The turnover of 480 thousand ordinary shares issued by MOLDASIG SA was suspended by the National Commission for the Financial Market (CNPF), due to the pending verification of the circumstances related to the notifications of the bailiff Maksim Romaliyskiy dated 12.03.2021, sent by the Unified Central Securities Depository (UCSD), CapitalMarket reports. more...

MOLDOVA: Changes to the indemnity limits for MTPL and Green Card insurance

Drivers from the Republic of Moldova will be able to receive higher compensation in case of a minor accident, as the National Financial Market Commission (NCFM) changes the maximum compensation limit for MTPL policy holders from RON 10,000 to RON 15,000. more...

MOLDOVA: online tools to check calculation of premiums for MTPL and Green Card policies launched

At the end of February, the National Commission for the Financial Market (CNPF) announced the launch of online tools for checking calculation of insurance premiums for MTPL and Green Card policies using the bonus-malus system, CapitalMarket reported with reference to the press service of the CNPF. more...

European provider of IT solutions Cegeka opens its office in Moldova

The European IT solution provider Cegeka opens a new office in Moldova, intending to increase the number of employees located in Chisinau from the currently five, to 200 in the coming years, thus being able to service, among others, the banking and insurance industries in the country. more...




















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