What Grawe Carat Asigurări S.A. does

GRAWE Carat Asigurări S.A. is a Moldovan joint-stock insurance carrier offering a full spectrum of life and non-life insurance products to individual consumers, businesses, and agricultural clients in the Republic of Moldova. The company operates as the wholly owned Moldovan subsidiary of Austria's GRAWE Group (Grazer Wechselseitige Versicherung AG), an insurance conglomerate founded in 1828 with operations across 13 Central and Eastern European countries. GRAWE Group entered the Moldovan market in 2004 by establishing GRAWE Asigurare de Viață AO (life insurance), which on 5 February 2009 absorbed Carat AO and continued operations under the current name GRAWE Carat Asigurări S.A., enabling the combined entity to underwrite both life and general insurance lines under unified Moldovan CNPF licenses (Nr. 000097 for life, Nr. 000668 for non-life).

The company's product portfolio spans five categories: life insurance (GRAWE Orizont, GRAWE Profit, GRAWE Omnia Vital, GRAWE Start, RISK Life) with capital-accumulation features and critical-illness riders; auto insurance (mandatory RCA domestic MTPL, Carte Verde/Green Card international MTPL, voluntary CASCO, CARGO, CMR carrier liability, passenger liability); property insurance (BUSINESS GARANT for commercial clients, RESIDENZ for residential, general third-party liability); personal insurance (accident, travel health, voluntary medical); and agricultural insurance (GRAWE AGRAR). Distribution is multi-channel: 30 branch offices across Moldova supported by a proprietary agency network (including bancassurance agents), broker partnerships, and direct online self-service platforms — my.grawe.md for purchasing RCA, Carte Verde and travel policies, and payments.grawe.md for online premium settlement via Visa/MasterCard processed through banking partner Victoriabank. The company reports approximately 190 employees and over 20 years of continuous market presence. Revenue mechanics are driven by recurring insurance premiums on subscription-style annual contracts with minimum premiums set at 3,000 MDL for selected life products and pricing for compulsory lines governed by CNPF regulation; specific gross written premium figures are not publicly disclosed.

Name

Grawe Carat Asigurări S.A.

Legal name

GRAWE CARAT Asigurări S.A.

Website

https://grawe.md

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

GRAWE Carat Asigurări S.A. is a Moldovan life and non-life insurance carrier, wholly owned by Austria's GRAWE Group, distributing through 30 branches, an agency network, broker partners, and online platforms my.grawe.md and payments.grawe.md.

Ownership category

akta.pro rank

Product category

Multi-line Insurance

NAICS

Insurance Carriers and Related Activities (524), Direct Life Insurance Carriers (524113), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Carriers, Nec (6399), Life Insurance (6311), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Group Universal Life (GUL) (FSAIADAC)

akta.pro secondary industries

International/Expat Critical Illness & Hospital Indemnity (FSAIAKAJ), Basic Group Term Life (Employer-Paid) (FSAIADAA)

Keywords

• Life insurance products
• Vehicle insurance coverage
• Property insurance plans
• Personal accident insurance
• Agricultural insurance policies

Headquarters

HQ city

Chisinau

HQ country

Moldova

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Life Insurance Premiums: Revenue from life insurance products including mixed life insurance with capital accumulation (GRAWE Orizont, GRAWE Profit, GRAWE Start), critical illness coverage (GRAWE Omnia), and risk life insurance for high-risk occupations
2. Non-Life Insurance Premiums: Revenue from property and casualty insurance including auto insurance (RCA, Carte Verde, CASCO, CARGO, CMR), property insurance (RESIDENZ, BUSINESS GARANT), personal accident insurance, travel health insurance, agricultural insurance, and voluntary medical insurance
3. Compulsory Insurance: Revenue from mandatory insurance products including RCA (auto liability) and Carte Verde (international auto liability)

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

GRAWE Carat Asigurări S.A. is a full-line Moldovan insurance carrier selling life insurance with capital accumulation, mandatory and voluntary auto insurance (RCA, Carte Verde, CASCO, CARGO, CMR), residential and commercial property insurance, personal accident and health insurance, and agricultural insurance. Products are distributed through 30 owned branch offices, an in-house agency network, online platforms (my.grawe.md for purchase, payments.grawe.md for premium payment), and broker partnerships across the Republic of Moldova.

Product overview

GRAWE Carat Asigurări S.A. offers a broad portfolio of insurance products organized across five main categories: (1) Life insurance (Asigurări de Viață) — covering five named products: GRAWE Orizont (comprehensive future protection), GRAWE Profit (investment-linked life cover), GRAWE Omnia Vital (capital accumulation with serious medical condition coverage), GRAWE Start (child-focused life insurance), and RISK Life (high-risk occupation life insurance with capital accumulation); (2) Auto insurance (Asigurări Auto) — including mandatory Carte Verde (international MTPL), RCA (domestic MTPL), CASCO (voluntary comprehensive vehicle), CARGO (goods-in-transit), CMR (carrier liability), and passenger liability; (3) Property insurance (Asigurări de Bunuri) — including BUSINESS GARANT (commercial property), RESIDENZ (residential property), and general third-party liability; (4) Personal insurance (Asigurări de Persoane) — including accident insurance, travel health insurance, and voluntary medical insurance; (5) Agricultural insurance (Asigurare Agricolă) — through the GRAWE AGRAR product. The company operates as a single unified insurance carrier (not a platform with modules) offering both life and non-life insurance products. Online sales and claims management are accessible through the company's website, my.grawe.md portal, and a network of 30 branches and sales points across Moldova.

Differentiator

Problem solved

Functional benefit

Brands

• GRAWE Orizont: Comprehensive insurance for a worry-free future.
• GRAWE Profit
• GRAWE Omnia
• GRAWE Start
• RISK Life
• GRAWE Residenz
• GRAWE CASCO
• GRAWE Agrar
• BUSINESS GARANT

Products and services

• GRAWE Orizont Comprehensive life insurance providing long-term financial protection for a worry-free future. Designed for individual policyholders seeking full-spectrum life cover within the GRAWE life insurance portfolio.
• GRAWE Profit Life insurance combining safety with investment-linked returns, allowing policyholders to invest in their own and their loved ones' security. Part of the GRAWE capital-accumulation life portfolio.
• GRAWE Omnia Vital Mixed life insurance with capital accumulation and coverage for diagnosis of serious medical conditions. Covers 21 serious medical conditions for adults and 12 for children (e.g., heart attack, cancer, stroke, organ transplant), with optional accident packages for permanent disability and accidental death available as add-ons.
• GRAWE Start Mixed life insurance with capital accumulation specifically designed for children aged 0-15 at enrollment. Policy held for a minimum of 10 years, with coverage lasting until the child reaches 18-25 years of age. The contractor (parent, grandparent, etc.) can optionally be enrolled as a second insured person. Minimum annual premium: 3,000 MDL.
• RISK Life Mixed life insurance with capital accumulation for individuals engaged in high-risk occupations (e.g., construction workers, electricians, drivers, miners, fishermen). Covers natural death, accidental death, permanent disability from accident (>50%), and provides premium waiver in case of permanent accident-related disability. Minimum annual premium: 3,000 MDL.
• Asigurare Carte Verde (Green Card) Mandatory international motor third-party liability insurance (Green Card) required for driving outside Moldova. Covers damages to third parties (property damage and bodily injury) in member countries of the Green Card system. Available for all vehicle types in Zone 1 (Ukraine) and Zone 3 (all European Green Card countries), with premiums calculated per CNPF Resolution No. 57/13/2018.
• Asigurare RCA (MTPL) Mandatory motor third-party liability insurance (RCA) required for vehicles operating within Moldova. Covers bodily injury and property damage caused to third parties by the insured vehicle.
• GRAWE CASCO Voluntary comprehensive vehicle insurance covering damages to the insured vehicle from accidents, theft, fire, vandalism, and natural events. The policy includes a claims procedure with a 3-day notification requirement and supports minor-loss claims without police documentation (up to 3% of vehicle value, max 500 EUR, twice per policy period).
• CARGO Insurance for transported goods (cargo insurance) covering goods in transit by vehicle against loss, damage, or destruction during transport. Designed for carriers, shippers, and logistics operators.
• CMR Carrier's and forwarder's third-party liability insurance (CMR) covering legal liability of transport operators and freight forwarders for goods entrusted to them for carriage.
• Răspunderea față de călători (Passenger Liability) Mandatory third-party liability insurance for transport operators regarding passengers, covering legal liability for injury or death of passengers during carriage.
• BUSINESS GARANT Comprehensive financial protection for business assets against risks, covering property damage, business interruption, and liability exposures for commercial clients. Targeted at Moldovan businesses seeking integrated commercial coverage.
• RESIDENZ Complex residential property insurance covering homes, apartments, and household contents against a broad range of risks including fire, water damage, theft, and natural disasters.
• Asigurarea Răspunderii Civile (General Liability) General third-party liability insurance covering damages arising from errors or negligence of the insured party, protecting individuals and businesses against claims from third parties.
• Asigurare de Accidente (Personal Accident Insurance) Personal accident insurance providing coverage in the event of unexpected health situations. Covers accidental death, permanent disability from accident, medical expenses, and provides income replacement during recovery.
• Asigurare de Sănătate pentru Călătorii în Străinătate (Travel Health Insurance) Health insurance for travel abroad covering medical expenses incurred during international trips, including hospitalization, outpatient treatment, medication, emergency dental care, and medical repatriation. Claims processed via 24/7 support hotline or direct reimbursement upon return. Available online via my.grawe.md.
• Asigurare Medicală Benevolă (Voluntary Medical Insurance) Voluntary medical insurance providing access to complex medical services including inpatient and outpatient care, diagnostics, and treatments. Policyholders present their insurance card at partnered medical facilities for cashless service or can seek reimbursement.
• GRAWE AGRAR Agricultural insurance product designed to protect farmers' investments and ensure stability in the agricultural sector. Covers crop losses, livestock mortality, and farm equipment against weather-related and other agricultural perils.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Bucharest Stock Exchange (BVB)minorOthers · 1 January 2004While not a direct partnership, GRAWE Group (through its Romanian operations) holds a 26.67% stake in the Moldova International Stock Exchange (MIE), reflecting GRAWE Group's broader financial services presence in the region.
• GRAWE Group (Grazer Wechselseitige Versicherung AG)coreStrategic or Co-development Partner · 1 January 1828Parent company based in Graz, Austria with 190 years of insurance experience. GRAWE Group is one of Austria's largest financial conglomerates with operations across 13 Central and Eastern European countries. The group provides international expertise, product development support, and brand credibility to GRAWE Carat Asigurări in Moldova.
• Victoriabank S.A.minorChannel Partner/ Reseller/ DistributorBanking partner processing online insurance premium payments through the company's website. Customers can pay premiums via Visa and MasterCard through Victoriabank's payment processing system.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Allianz-Tiriac: Leading Romanian insurance carrier (part of Allianz Group) offering full-spectrum insurance products. Competes for similar cross-border Moldovan-Romanian corporate and individual customers and operates in adjacent regional markets.
• Vienna Insurance Group (VIG): Austrian-headquartered CEE insurance conglomerate that operates multiple life and non-life carriers across Central and Eastern Europe. Comparable to GRAWE Group structurally (Austrian parent, CEE multi-country footprint, broad product portfolio) and operates in overlapping product categories.
• Groupama Asigurări: Regional CEE insurance player (French parent) operating in Romania and neighboring markets with multi-line life and P&C products. Overlaps with GRAWE Carat's product portfolio and competes in the broader regional insurance space.
• UNIQA Insurance Group: Austrian insurance group with strong CEE presence in life and non-life. Closest peer at the parent-group level to GRAWE, with comparable Austrian heritage, multi-country CEE operations, and a broad life + P&C product portfolio.

Direct peers

• Transelit: Moldovan insurance carrier active in general insurance (motor, property, liability) and a smaller life book. Closest comparable competitor in the non-life MTPL/property segment where GRAWE Carat operates.
• Moldasig: One of Moldova's longest-established insurance carriers offering a comparable multi-line product set (life and non-life). Operates in the same Moldovan market with similar regulatory exposure to CNPF and competes directly for the same household and SME insurance customers.
• Donaris Group: Moldovan insurance group offering both life and non-life insurance products to individuals and corporates. Direct competitor to GRAWE Carat across multiple lines including MTPL and voluntary personal insurance in Moldova.
• Kreditas Insurance: Moldovan insurance company serving both individual and corporate clients across personal and commercial lines. Direct peer in the Moldovan market competing for similar bancassurance and direct distribution channels.
• Astera Group (formerly Asito International): Major Moldovan insurance holding with broad life and non-life portfolios. Competes head-to-head with GRAWE Carat for Moldovan consumer and corporate insurance spend across personal and commercial lines.

Others

• Victoriabank: Moldovan bank and existing GRAWE Carat payment-processing partner via payments.grawe.md. Relevant as a bancassurance counterpart that distributes competing insurance products to the same Moldovan retail and SME customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/grawe-carat-asigurari

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grawe Carat Asigurări S.A.