Life Report

Product Insurance Market Reports Life Rev Moldova

Key Highlights

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  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Moldova's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Moldova's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Moldova

The Moldova life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Moldova. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Moldova and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Moldova’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Moldova is available.

Axco’s report describes the regulatory framework that applies to the domestic life insurance sector, including whether non-admitted insurance is permitted in Moldova; as well as the legislation necessary to know regarding Moldova’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Moldova with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Moldovan market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Moldova, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Moldovan pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Moldova report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Moldova Life and Benefits Report Extract

Below are brief extracts of information from the Moldova Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

The Moldovan life market is one of the smallest in Europe with a global ranking in 2019 of 142nd. As in some other post-Soviet economies, insurance barely registers in the popular or commercial consciousness. The personal income per capita is low: there has been little attempt to educate the population into the benefits of insurance and there remains little short term prospect of tax incentives for life products at individual or corporate level. Although the prospects for growth are ultimately limited by the small size of the economy ....


The Moldovan government continues to face significant challenges with its pension system as the population is ageing and the young generation has been leaving the country to work overseas, meaning there is a small number of contributors, and low ratio between contributors and pensioners. Furthermore the volume of salaries paid outside the official payroll declarations is leaving the social security system in deficit ....


A compulsory national health insurance scheme was started 1 January 2004, financed in part by employer and employee contributions, initially each paying 2% of salary. The contribution level has gradually been increased to the amount of 4.5% each since July 2016 and remained at this level in 2020. The state has to make good the underfunding of the state health service plus there is still a significant out-of-pocket element contributed by the users of the system ....

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