XPRIMM Group launch INSURANCE Profile - Republic of Moldova 1H 2011
 XPRIMM
Group launch the third special issue of INSURANCE Profile, dedicated to
the Moldavian insurance market, this time the period January-June 2011
being analyzed. This is the sixth special issue that INSURANCE Profile,
the well-known Specialty Review that publishes quarterly the results of
the Romanian insurance market, launches, offering its readers up-to-date
financial information regarding other insurance markets than the
Romanian one.
The Moldavian insurance market accustomed us,
regardless of economic conditions, to be an increasing one, and the
results of the first half of this year confirm once again this positive
pattern.
Less desirable is that the market is "self-limited",
the main source of growth being, as in most emerging markets in the
region, motor insurance.
Note however that the NCFM has already
made a fundamental approach for creating a solid and stable market by
Law 407, since 2007. We estimate that, although we are only six months
away until the deadline to increase the minimum share capital to MDL 15
million and MDL 22.5 million respectively, positive effects have already
appeared.
Even though in terms of insurance Moldova still has
some way to go until reaching the next threshold of maturity, it is
clear now that this road can be crossed easier together: authorities,
insurers and brokers, professional associations.
With all their
help, XPRIMM Group is permanently supporting this evolution, by
highlighting and promoting at international level all market's successes
and realities.
If we mention here only the organized
conferences, the launch of xprimm.md web-portal, the newsletters, the
special editions of PRIMM magazine and the bilingual ones of the
Specialty Review INSURANCE Profile, one can easily realize that this
market has both potential and future.
Download INSURANCE PROFILE - Republic of Moldova 1H 2011
Author: Vlad BOLDIJAR
on 14.11.2011
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