At the Moldova Insurance Conference 2025, the National Bank of Moldova’s Deputy Governor Constantin Șchendra set out the central bank’s priorities for aligning the insurance sector with European standards, pointing to adopted laws on insurance activity and compulsory motor third-party liability insurance (RCA) that partially transpose EU directives and introduce additional governance requirements. He also highlighted the bank’s focus on digitalisation, citing expanded online issuance of Green Card (Carte Verde) certificates and a modern interconnection tool with the RCA Data portal shared with all insurers; issuance time for a Green Card policy has fallen to about two minutes. Current work is focused on transposing and implementing the EU Solvency II framework and on fully liberalising the RCA market, following the National Bank’s assumption of insurance regulation and supervision powers from the National Commission for Financial Market on 1 July 2023.
National Bank of Moldova 2025-11-18
National Bank of Moldova sets out Solvency II and RCA market liberalisation agenda and reports two-minute Green Card issuance
At the Moldova Insurance Conference 2025, the National Bank of Moldova’s Deputy Governor outlined priorities for aligning the insurance sector with European standards, including laws on insurance activity and motor third-party liability insurance. The bank is focusing on digitalisation, with initiatives like online Green Card issuance and a modern interconnection tool with the RCA Data portal. Efforts are underway to implement the EU Solvency II framework and liberalise the RCA market.