Moldova: Vienna Insurance Group Acquires Moldasig S.A.

Vienna Insurance Group (VIG) has won the public auction for the acquisition of an 80% stake in Moldasig S.A. Through this transaction, VIG becomes the market leader in the Republic of Moldova, with an estimated market share of around 30%.

In May 2025, VIG announced its intention to acquire Moldasig, one of the country’s leading non-life insurers. This has now been formally implemented through the signing of a Share Purchase Agreement with the Moldovan state. The transfer of 80% of Moldasig shares is expected to be completed in the coming days, subject to customary closing conditions, including notification to the Moldovan competition authority.

Commenting on the transaction, Peter Höfinger, Deputy CEO of VIG and Management Board Member responsible for Moldova, stated:

“This acquisition shows our long-term commitment to the Republic of Moldova. Our strategic objective is to contribute to the better service of the Moldovan economy and its citizens by further strengthening the insurance sector. We have confidence in Moldova’s European integration trajectory and intend to apply our international expertise to enhance stability and risk protection. We would like to specifically acknowledge the transparent and professional organization of the process by the authorities of the Republic of Moldova and express our gratitude for their trust in VIG as a long-term partner.”

Moldasig – a Key Player in the Local Market

Founded in 2002, Moldasig is one of Moldova’s leading non-life insurance companies, with an estimated market share of around 14%. The company offers a comprehensive range of products for both individuals and businesses, including motor, home, and health insurance. Moldasig operates a nationwide network of more than 100 offices, providing accessible services across the country.

Moldasig demonstrates strong financial performance with total assets of 625.9 million MDL and net assets of 290.1 million MDL. The company maintains robust technical insurance reserves of 293.1 million MDL, while its total liabilities stand at 335.9 million MDL. With a liquidity coefficient of 3.54 and a solvency ratio of 218.5%, Moldasig is well positioned to support sustained growth and policyholder protection.

This strategic acquisition pairs VIG’s regional scale with Moldasig’s solid balance sheet and nationwide reach, reinforcing service quality and stability for policyholders across Moldova.

Austria – a Trusted Economic Partner

Austria ranks among the most important foreign investors in the Republic of Moldova, currently the 10th largest overall (9th by equity). More than 90 enterprises with Austrian capital operate locally, while Austrian foreign direct investment amounts to approximately USD 175 million. Interest from Austrian investors has strengthened particularly since 2017, with a peak in 2021—context in which the VIG–Moldasig transaction further consolidates Austria’s economic footprint and Moldova’s attractiveness as a transparent, investable market.

This acquisition by VIG further strengthens Austria’s position in Moldova and highlights the country’s growing attractiveness as a secure and transparent investment destination.

VIG in Moldova and Beyond

VIG has been present in Moldova since 2014, following the acquisition of the insurance company Donaris, which currently serves over 120,000 customers nationwide.

At the regional level, VIG is the leading insurance group in Central and Eastern Europe, with over 50 insurance companies and pension funds in 30 countries, serving 33 million customers. Around 30,000 employees ensure daily operations, while VIG maintains an A+ rating with stable outlook from Standard & Poor’s. The Group’s shares are listed on the Vienna, Prague, and Budapest Stock Exchanges, and it cooperates closely with Erste Group, the largest retail bank in Central and Eastern Europe.

Invest Moldova Agency continues to identify and support potential investors ready to expand their business into the Republic of Moldova, offering end-to-end assistance—from opportunity assessment and regulatory navigation to project implementation and aftercare.