Moldova's insurance market grows 26.5% y/y in Jan-Sept

Compensation and insurance payments amounted to 628.3 million lei during the January-September period, up 32.5% on the year, the statistical office, BNS, said in a press release.

During the first nine months, Moldovan insurers posted a 221.2 million lei pre-tax profit, up 29.9% as compared to the same period of 2021.

Revenues rose by an annual 40.4% to 2.82 billion lei, while expenses were 41.4% higher on the year at 1.841 billion lei.

In 2021, the GWP of Moldovan insurers rose by an annual 32.5% to 1.926 billion lei.

(1 euro= 20.0775 lei)