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.more...
(14.11.2011)
Mihai MAZARENCO was appointed as President of the company GARANTIE Asigurari, starting November 1st, 2011, by the decision of the company's majority shareholder, ASCOM Group. All documentation related to that decision was already submitted to the National Commission of Financial Market for approval.more...
(03.11.2011)
The leader of the insurance market in the Republic of Moldova was, after
the first six months of the year, on the 30th position in the hierarchy
of CIS insurance companies, by the underwritings criterion, shows
XPRIMM INSURANCE REPORT 1H 2011. The second company, by size, from
Moldova, ASITO, has occupied the 51st position in the same ranking,
while GRAWE CARAT Asigurari was ranked 65th. The presented ranking does
not include insurers from Russia, Ukraine, Tajikistan and Turkmenistan.more...
(19.10.2011)
EUR 8.4 million (MDL 139.5 million) totaled the brokerage market in
Moldova after the first six months of 2011, according to financial data
released by the National Commission of Financial Market. Compared with
the previous year, when Moldavian brokers registered business of EUR 5.3
million (MDL 89.5 million), the value of mediated premiums increased by
over 57%. Also, during January-June this year, brokers have mediated
about 30% of gross premiums written by insurers, a degree of mediation
by about 10 percentage points higher than in the same period of last
year.more...
(09.09.2011)
Gross profit in the first half of this year for the players in the
insurance market was MDL 41.5 million (EUR 2.5 million), which
represents, compared to 1H/2010, an evolution in absolute value of about
EUR 1.9 million (editor's note:
in 1H/2010, gross profit was MDL 73.2
million, the equivalent of EUR 4.4 million). Also, losses accounted by
insurers amounted to MDL 20.9 million (EUR 1.3 million).more...
(24.08.2011)
Insurance market in Moldova registered in the first six months of the
current year about EUR 28.07 million (MDL 466.21 million), a nominal
increase in European currency of 7.32% compared to January-June 2010. In
national currency, the nominal evolution of the insurance industry in
Moldova was lower, of 6.24%, due to appreciation of MDL against EUR.more...
(17.08.2011)
The insurance market in the Republic of Moldova has known constant positive dynamics for the last few years, in both quantity and quality, under the circumstances of the elaborated program of reform of the industry, launched by the supervisory authority in Chisinau after the year 2007. Also, NCFM conducted feasibility studies for implementation of mandatory insurance in agriculture and on the household segment and analyzed the opportunities to include some private insurance companies in the health system circuit. All these realities create the premises of a strong market, with a developed infrastructure, from the point of view of both companies' territorial networks and their insurance products, raising awareness throughout the Republic of Moldova about the concept of "insurance".more...
(29.06.2011)
On the 27th of April, the Russian language version of the www.xprimm.md
web-portal was launched. This way, all information regarding the
insurance markets from the Republic of Moldova and other countries in
the region will also be available for Russian speakers.more...
(27.04.2011)
EUROASIG Grup has recently launched an awareness campaign entitled "It is good to be insured!". This initiative has as main purpose increasing the population's education regarding insurance products and their benefits.more...
(05.05.2011)
After 2009 ended with a negative result for the Moldavian insurance
industry, in 2010, the profile market ended in the black. Thus, the
underwritings volume of the 24 active insurers from the Republic of
Moldova exceeded by EUR 3.4 million the 2009 level and by about EUR 1.3
million the 2008 value.more...
(11.04.2011)
One of the great challenges of the current year for the supervisory
authority in Chisinau is the implementation of the IT system for
Mandatory MTPL insurance policies, "system to be implemented all
throughout Moldova. Also, all profile companies that will issue these
types of insurance will be forced to comply with requirements set by
legislation", said Aurica DOINA, Vice President of NCFM, during the
Seminar "Motor Insurance in Times of Crisis", that took place on April 11 in Chisinau.more...
(11.04.2011)
The electronic issuing system for mandatory motor insurance will be
beneficial for the entire insurance market in the Republic of Moldova,
considers Lilia TURCAN, Head of Insurance Department, MOLDASIG, the
leader company of the profile market.more...
(11.04.2011)
For a more efficient development of the Moldavian insurance market,
"profile companies should reduce the time of claims payment and should
have a greater diversification of the offer of products", pointed out
Cornelia COZLOVSCHI, General Manager, RAIFFEISEN Leasing Moldova.more...
(11.04.2011)
The evolution of the insurance market, on one hand, and of the company
she manages, on the other hand, in the year that has just ended, as well
as legislative, technical and procedural measures that should be
implemented in order to give an impetus to the profile market were the
main topics addressed, in an exclusive interview for www.xprimm.md, by
Veronica MALCOCI, Manager of Non-Life and Life Insurance, GRAWE CARAT
Asigurari.more...
(20.01.2011)
MEDIHELP International, the largest broker in Central and Eastern
Europe, specialized in international health insurance, is taking its
first steps for entering the Moldavian market, in 2011. more...
(24.01.2011)
MDL 152.73 million (EUR 9.27 million) was the volume of gross written
premiums of insurance brokers in Moldova at the end of September 2010.
Compared to the correspondent period of 2009, in EUR, the growth was
124%, and in MDL the real evolution (adjusted at the 8% inflation rate)
was over 126%.more...
(26.11.2010)
Several brokerage companies in Moldova have been fined by the National
Commission of Financial Markets (NCFM), because they were late with the
submission of the quarterly report on the activity of insurance
mediation: "Although some collaborators from the General Surveillance
Direction assured us that we will not be fined, finally, we received
fines", commented the situation, exclusively for xprimm.md, Anton CABA,
President of the Insurance-Reinsurance Brokers Association (ABAR).more...
(24.11.2010)
The 10 insurance brokerage companies members of the Association of
Insurance-Reinsurance Brokers of Moldova (ABAR) achieved, by the end of
September 2010, cumulated, a volume of mediated premiums of MDL 15.16
million (about EUR 920,000), which represents 9.9% of the total
brokerage market. The percentage is declining, as in the same period of
last year the same companies owned a share of 16.4% of the total market.more...
(30.11.2010)
EUR 41.4 million, the equivalent of MDL 682.6 million, totaled the
insurance market in January-September 2010, according to financial data
published by the National Commission of Financial Market in Moldova.more...
(08.11.2010)
MOLDASIG, ASITO and GRAWE CARAT are the first three insurance companies
in the Republic of Moldova after the first nine months of the current
year. With an underwritings volume of EUR 12.42 million, MOLDASIG kept
its leading position, with a market share of 30%. The second position
belongs to ASITO, with a nominal evolution in EUR of 1.7% (from EUR 9
million in the first nine months of 2009 to EUR 9.18 million in the same
period of 2010). GRAWE CARAT marked an underwritings growth of 15.3%
(in EUR), that lead to an increase in market share, from 10% in January -
September 2009, to 11% in the same period of 2010.more...
(09.11.2010)
