National Bank of Moldova starts drafting new instruction to expand and standardise insurers’ specialised reporting

The National Bank of Moldova has initiated the drafting of an Executive Committee decision to approve an instruction on how insurance and reinsurance companies must prepare and submit specialised reports to the central bank, alongside amendments to related reporting provisions. The project targets additional, regularly collected data needed to compile Financial Soundness Indicators requested by the International Monetary Fund and to support risk assessment of the insurance sector, including a new synthesis of certain income and expense items not available from existing reports. It also aims to strengthen supervisory information by collecting more detailed operational indicators, such as gross written premiums and claims paid by class, cross-border general insurance and reinsurance activity with non-residents, auxiliary insurance services involving non-residents, financial results, general and administrative expenses, and indicators used for national statistics. The draft would also replace the current “Report on contracts with resident and non-resident insurers” in the annex to the regulation on reinsurance programme requirements, which the National Bank of Moldova considers overly text-heavy and difficult to analyse or sort. Proposals and recommendations on the draft are requested by 19 December 2025.