The National Bank of Moldova published a supervisory snapshot of the insurance sector’s financial position and prudential compliance as at 30 June 2025, showing quarter-on-quarter growth in assets, eligible own funds and technical reserves, alongside higher sector-average solvency and liquidity ratios. Over the first half of 2025, gross written premiums and claims increased year on year, while net profit declined and the net combined operating ratio edged up, with one insurer reporting a net loss. Total assets reached MDL 5,640.0m (+1.3% since 31 March 2025), with liquid assets of MDL 3,326.9m (59.0% of total) and liquid assets equal to 101.7% of total technical reserves. All licensed insurers reported solvency ratios above 100%, with average non-life solvency rising to 182.6% (141.2% to 251.1%) and life solvency to 579.1%. Gross technical reserves increased to MDL 3,271.7m (+2.2%), and all insurers held sufficient assets to cover technical reserves, while all but one held sufficient assets to cover the minimum capital requirement; government securities represented 64.6% of the assets allocated to cover technical reserves and the minimum capital requirement. As at 30 June 2025, Moldova had nine insurers (eight non-life and one composite), as well as 54 insurance or reinsurance brokers, 51 insurance agents and 34 bancassurance agents. In H1 2025, insurers wrote MDL 1,593.0m of gross premiums (+2.6% year on year) and paid MDL 656.3m in gross claims (+23.4%), raising the non-life claims-to-premiums ratio to 40.6% and the net combined operating ratio to 98.7%; net profit for the market was MDL 100.5m (-34.6%). Intermediaries placed MDL 997.3m of premiums (62.6% of total) and recorded MDL 333.2m in commissions, and the National Bureau of Motor Insurers’ Street Victims Protection Fund held MDL 44.3m while the Compensation Fund held MDL 169.2m at end-June.

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