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The Insurance Industry in Moldova, Key Trends and Opportunities to 2018

The Insurance Industry in Moldova, Key Trends and Opportunities to 2018

Synopsis

Timetric’s ' The Insurance Industry in Moldova, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Moldovan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary

The report provides in-depth market analysis, information and insights into the Moldovan insurance industry, including:

  • The Moldovan insurance industry's growth prospects by segment and category
  • Key trends, drivers and challenges in the Moldovan insurance industry
  • The detailed competitive landscape in the Moldovan insurance industry
  • Detailed regulatory policies of the Moldovan insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Moldova:
  • It provides historical values for the Moldovan insurance industry for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key segments in the Moldovan insurance industry, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It profiles the top insurance companies in Moldova and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Moldova insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Moldovan insurance industry.
  • Assess the competitive dynamics in the Moldovan insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Moldovan insurance industry and their impact on companies and the industry's future.
Key Highlights
  • Moldova is a low-income country with high population density. Its economy is heavily dependent on agriculture, fisheries and farming, due to its favorable climate and fertile land.
  • The Moldovan insurance industry is among the smallest in Europe.
  • In 2012, the insurance regulator National Commission on Financial Markets (NCFM) enacted a law to separate composite insurers into life and non-life businesses.
  • The regulatory reform in 2012 was also opened new distribution channels in the Moldovan insurance industry, enabling credit and savings institutions to sell insurance policies.
  • The small size of the economy limits the size of the insurance industry.


  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Moldovan Insurance Industry Overview
    • Moldovan Insurance Industry
      • Table Moldovan Insurance Gross Written Premium by Segment (MDL Billion), 2009-2013
      • Table Moldovan Insurance Gross Written Premium by Segment (US$ Million), 2009-2013
      • Table Moldovan Insurance Gross Written Premium by Segment (MDL Billion), 2013-2018
      • Table Moldovan Insurance Gross Written Premium by Segment (US$ Million), 2013-2018
      • Table Moldovan Insurance Segmentation by Gross Written Premium (Percentage Share), 2009-2018
      • Table Moldovan Insurance Direct Written Premium by Segment (MDL Billion), 2009-2013
      • Table Moldovan Insurance Direct Written Premium by Segment (US$ Million), 2009-2013
      • Table Moldovan Insurance Direct Written Premium by Segment (MDL Billion), 2013-2018
      • Table Moldovan Insurance Direct Written Premium by Segment (US$ Million), 2013-2018
      • Table Moldovan Insurance Segmentation by Direct Written Premium (Percentage Share), 2009-2018
    • Key Industry Trends and Drivers
    • Challenges
  • Industry Segmentation
    • Life Insurance
      • Table Moldovan Life Insurance - Gross Written Premium (MDL Million), 2009-2013
      • Table Moldovan Life Insurance - Gross Written Premium (MDL Million), 2013-2018
    • Individual Life Insurance
      • Table Moldovan Individual Life Insurance - Gross Written Premium by Category (MDL Million), 2009-2013
      • Table Moldovan Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Moldovan Individual Life Insurance - Gross Written Premium by Category (MDL Million), 2013-2018
      • Table Moldovan Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Moldovan Individual Life Insurance - Direct Written Premium by Category (MDL Million), 2009-2013
      • Table Moldovan Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
      • Table Moldovan Individual Life Insurance - Direct Written Premium by Category (MDL Million), 2013-2018
      • Table Moldovan Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
      • Table Moldovan Life Insurance - Paid Claims (MDL Million), 2009-2013
      • Table Moldovan Life Insurance - Paid Claims (MDL Million), 2013-2018
      • Table Moldovan Life Insurance - Incurred Loss (MDL Million), 2009-2013
      • Table Moldovan Life Insurance - Incurred Loss (MDL Million), 2013-2018
      • Table Moldovan Life Insurance - Loss Ratio (%), 2009-2013
      • Table Moldovan Life Insurance - Loss Ratio (%), 2013-2018
      • Table Moldovan Life Insurance - Combined Ratio (%), 2009-2013
      • Table Moldovan Life Insurance - Combined Ratio (%), 2013-2018
      • Table Moldovan Life Insurance - Total Assets (MDL Million), 2009-2013
      • Table Moldovan Life Insurance - Total Assets (MDL Million), 2013-2018
      • Table Moldovan Life Insurance - Retentions (MDL Million), 2009-2013
      • Table Moldovan Life Insurance - Retentions (MDL Million), 2013-2018
      • Table Moldovan Life Insurance - Total Investment (MDL Million), 2009-2013
    • Life Insurance by Category
      • Individual whole life insurance
        • Table Moldovan Individual Whole Life Insurance - Gross Written Premium (MDL Million), 2009-2013
        • Table Moldovan Individual Whole Life Insurance - Gross Written Premium (MDL Million), 2013-2018
      • Individual pension insurance
        • Table Moldovan Individual Pension Insurance - Gross Written Premium (MDL), 2009-2013
        • Table Moldovan Individual Pension Insurance - Gross Written Premium (MDL), 2013-2018
    • Non-Life Insurance
      • Table Moldovan Non-Life Insurance - Gross Written Premium by Category (MDL Million), 2009-2013
      • Table Moldovan Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Moldovan Non-Life Insurance - Gross Written Premium by Category (MDL Million), 2013-2018
      • Table Moldovan Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Moldovan Non-Life Insurance - Direct Written Premium by Category (MDL Million), 2009-2013
      • Table Moldovan Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
      • Table Moldovan Non-Life Insurance - Direct Written Premium by Category (MDL Million), 2013-2018
      • Table Moldovan Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
      • Table Moldovan Non-Life Insurance - Paid Claims (MDL Million), 2009-2013
      • Table Moldovan Non-Life Insurance - Paid Claims (MDL Million), 2013-2018
      • Table Moldovan Non-Life Insurance - Incurred Loss (MDL Million), 2009-2013
      • Table Moldovan Non-Life Insurance - Incurred Loss (MDL Million), 2013-2018
      • Table Moldovan Non-Life Insurance - Loss Ratio (%), 2009-2013
      • Table Moldovan Non-Life Insurance - Loss Ratio (%), 2013-2018
      • Table Moldovan Non-Life Insurance - Combined Ratio (%), 2009-2013
      • Table Moldovan Non-Life Insurance - Combined Ratio (%), 2013-2018
      • Table Moldovan Non-Life Insurance - Total Assets (MDL Billion), 2009-2013
      • Table Moldovan Non-Life Insurance - Total Assets (MDL Billion), 2013-2018
      • Table Moldovan Non-Life Insurance - Retentions (MDL Million), 2009-2013
      • Table Moldovan Non-Life Insurance - Retentions (MDL Billion), 2013-2018
      • Table Moldovan Non-Life Insurance - Total Investment (MDL Billion), 2009-2013
      • Property insurance
        • Table Moldovan Property Insurance - Gross Written Premium (MDL Million), 2009-2013
        • Table Moldovan Property Insurance - Gross Written Premium (MDL Million), 2013-2018
      • Motor insurance
        • Table Moldovan Motor Insurance - Gross Written Premium (MDL Million), 2009-2013
        • Table Moldovan Motor Insurance - Gross Written Premium (MDL Million), 2013-2018
      • Liability insurance
        • Table Moldovan Liability Insurance - Gross Written Premium (MDL Million), 2009-2013
        • Table Moldovan Liability Insurance - Gross Written Premium (MDL Million), 2013-2018
      • Marine, aviation and transit insurance
        • Table Moldovan Marine, Aviation and Transit Insurance - Gross Written Premium (MDL Million), 2009-2013
        • Table Moldovan Marine, Aviation and Transit Insurance - Gross Written Premium (MDL Million), 2013-2018
    • Personal Accident and Health Insurance
      • Table Moldovan Personal Accident and Health Insurance - Gross Written Premium by Category (MDL Million), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Gross Written Premium by Category (MDL Million), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Direct Written Premium by Category (MDL Million), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Direct Written Premium by Category (MDL Million), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Paid Claims (MDL Million), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Paid Claims (MDL Million), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Incurred Loss (MDL Million), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Incurred Loss (MDL Million), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Total Assets (MDL Million), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Total Assets (MDL Million), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Retentions (MDL Million), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Retentions (MDL Million), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Total Investment (MDL Million), 2009-2013
      • Personal accident insurance
        • Table Moldovan Personal Accident Insurance - Gross Written Premium (MDL Million), 2009-2013
        • Table Moldovan Personal Accident Insurance - Gross Written Premium (MDL Million), 2013-2018
      • Health insurance
        • Table Moldovan Health Insurance - Gross Written Premium (MDL Million), 2009-2013
        • Table Moldovan Health Insurance - Gross Written Premium (MDL Million), 2013-2018
    • Reinsurance
      • Table Moldovan Reinsurance - Ceded by Insurance Segment (MDL Million), 2009-2013
      • Table Moldovan Reinsurance - Ceded by Insurance Segment (US$ Million), 2009-2013
      • Table Moldovan Reinsurance - Ceded by Insurance Segment (MDL Million), 2013-2018
      • Table Moldovan Reinsurance - Ceded by Insurance Segment (US$ Million), 2013-2018
      • Table Moldovan Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
      • Table Moldovan Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
      • Table Moldovan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
      • Table Moldovan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
      • Table Moldovan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
      • Table Moldovan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
  • Governance, Risk and Compliance
    • Legislation Overview and Historical Evolution
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Moldova - Life Insurance Regulatory Framework
      • Property insurance
        • Table Moldova - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Moldova - Motor Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor-third party liability insurance
      • Health insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • National Commission on Financial Markets
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table Moldova - Minimum Capital Requirement for Obtaining Insurance License
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Moldova - Corporate Tax Rates for the Financial Year 2014
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Competitive Landscape
    • Overview
      • Table Moldovan Insurance Market Shares, 2012 and 2013
    • Leading Companies
      • Moldasig SA - company overview
        • Table Moldasig SA, Main Products
        • Table Moldasig SA, Key Employees
      • Asito SA - company overview
        • Table Asito SA, Main Products
        • Table Asito SA, Key Employees
      • GRAWE CARAT Asigurari SA - company overview
        • Table GRAWE CARAT Asigurari SA, Main Products
        • Table GRAWE CARAT Asigurari SA, Key Employees
      • Moldcargo SA - company overview
        • Table Moldcargo SA, Main Products
      • Donaris Group SA - company overview
        • Table Donaris Group SA, Main Products
        • Table Donaris Group SA, Key Employees
  • Macroeconomic Indicators
    • GDP at Constant Prices (US$)
    • GDP at Current Prices (US$)
    • GDP per Capita at Current Prices (US$)
    • Inflation Rate
    • Total Internet Users
    • Total Labor Force
    • Unemployment Rate (Percentage of Total Labor Force)
    • Total Life Expectancy
    • Rural and Urban Populations
    • Total Population
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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