According to the National Bank, the financial reliability of the Moldovan insurance market increased in the first half of the year, despite the decrease in the profitability of insurance companies.
At the end of the first half of 2025, the insurance sector, as follows from the regulator’s sectoral report, was characterized by an increase in assets, capital and technical reserves compared to the end of the previous quarter. The average values of the solvency ratio and liquidity ratio by sector increased, compared to the situation at the end of the first quarter, for both general and life insurance. This indicates compliance of insurers with prudential requirements of reliability.
The market has increased turnover, but decreased profitability of insurance business. Gross insurance premiums and claims paid have increased in the first half of the year compared to the same period last year. At the same time, net profit decreased compared to the same period of the last year, amounting to 100,5 mln lei (-35%), while the combined operating ratio slightly increased (+0,1 p.p.). One insurer even had to record losses from its activity at the end of the half-year.
During the reporting period, insurance companies reported gross claims paid on two types of insurance (general and life) totaling 656,3 mln lei, which means a 23,4% increase in payments compared to the previous year. The main burden of payments for general insurance falls on MTPL and Green Card (56%). And this trend has been observed for the last five years.
This year there were 9 insurance companies, 54 insurance or reinsurance brokers, 51 insurance agents and 34 bank insurance agents operating in the insurance market.
