OREANDA-NEWS. June 01, 2011. According to research, "Development and diversification of the insurance market in the Republic of Moldova in the context of establishing a zone of universal and comprehensive trade between Moldova and the EU (ZLSAC)", the largest share of insurance in GDP was recorded in 1997 - 1,5%, and for the last 10 years rate was highest in 2007 - 1,36%.

For comparison, the countries of Central and Eastern Europe, the volume of subscribed premiums in GDP makes 2.76%, in Western Europe - 8.46% in the EU - 8.43%. In neighboring countries - Romania, Ukraine and Russia the rate is 1.87%, 2.23% and, respectively, 2.5%. The world average share of insurance in GDP is 7.01%.

Insurance density per capita in Moldova is 14.6 euro per inhabitant, while in Ukraine the figure is 2,8 times more (41.1 euro per capita) in Romania - in 6,6 times more (97, 5 euro), Russia - 13.7 times higher (201.1 euro) in EU countries - at 136 times higher (1,984.1 euro). The world average insurance density is 429.7 euro per inhabitant, which is almost 30 times higher than in Moldova.