National Bank of Moldova sets 2026-2027 insurance supervision priorities focused on governance, underwriting, solvency and ICT risk

The National Bank of Moldova published its supervisory priorities for the insurance sector for 2026-2027, setting the focus for ongoing monitoring and on-site inspections based on an annual assessment of risks across the market and at individual insurers. The agenda also reflects supervisory attention to insurers’ performance and operational pressures linked to the partial liberalisation of mandatory motor third-party liability (RCA) pricing. Supervision will concentrate on four areas: governance (including the effectiveness of internal control and risk management systems, the independence and organisation of internal audit, risk management, compliance and actuarial functions, and insurers’ internal assessment of own risks and solvency); underwriting risk (including prudent and objective technical provisions, risk-mitigation techniques, and actuarially grounded pricing, particularly for partially liberalised RCA premiums); solvency and asset sufficiency (including assets covering technical provisions and the minimum capital requirement, taking account of transitional provisions under Law 92/2022 that raise the absolute minimum capital requirement threshold, and compliance with investment requirements); and information and communications technology risk (including governance and information security, critical infrastructure oversight, timely vulnerability remediation, outsourcing risk management for critical processes, and cyber-incident handling aligned with relevant European trends and recommendations). As sector context, insurers reported gross written premiums of MDL 2,443.9 million in the first nine months of 2025, up 0.9% year on year, with mandatory lines down 7.0% and general insurance representing 97.0% of premiums.