The National Bank of Moldova published an end‑2024 supervisory overview of the Moldovan insurance market, indicating year‑on‑year increases in insurers’ assets, own funds and technical reserves, with all licensed insurers reporting solvency ratios above 100% and positive net profit. The review also shows weaker liquidity ratios and a decline in aggregate net profit compared with 2023. As at 31 December 2024, the market comprised nine insurers (eight non‑life and one composite), 48 insurance/reinsurance brokers, 52 insurance agents and 33 bancassurance agents. Total insurer assets reached MDL 5,509.3 million (up 10.7%), including liquid assets of MDL 3,242.2 million (58.8% of total), and liquid assets were equivalent to 102.1% of total technical reserves. Average solvency for non‑life increased to 175.4% (range 139.0%–234.0%) and life solvency was 655.4%, while own funds totalled MDL 1,449.0 million. Liquidity coefficients remained above 1 across all lines but fell on average to 3.4 in non‑life and 16.4 in life, noting changes to the regulatory calculation formulas. Gross technical reserves rose 7.1% to MDL 3,175.8 million, and admitted assets allocated to cover technical reserves and the minimum capital requirement totalled MDL 4,117.1 million, leaving a surplus of MDL 567.9 million; all insurers except one had sufficient eligible assets to cover the minimum capital requirement given legal restrictions. Gross written premiums increased 10.8% to MDL 3,251.6 million and remained concentrated in non‑life (96.7%), with mandatory motor third‑party liability and CASCO together accounting for over 73.5% of the market; claims paid rose 27.0% to MDL 1,278.4 million. The net combined operating ratio for non‑life was 95.6%, and sector net profit was MDL 293.8 million (down 4.8%), with ROE at 16.6% and ROA at 5.5%; intermediaries generated 58.0% of premiums (MDL 1,886.4 million) and earned commissions of MDL 693.9 million.

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