Regulatory Alerts2023-06-16
Methodology for Calculating and Applying Base Insurance Premiums and Adjustment Coefficients for Compulsory Motor Vehicle Liability Insurance
The Ministry of Justice of the Republic of Moldova issued this regulation to establish the methodology for calculating base premiums and adjustment coefficients for compulsory motor vehicle liability insurance. The document defines precise mathematical formulas for determining estimated risk premiums, pure premiums, and risk margins based on claim frequency, average loss, and inflation rates. It further specifies the adjustment coefficients for domestic and external MTPL insurance, detailing factors such as vehicle category, driver age, experience, and territory of use.
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