Profit of insurance companies for 9 months of 2021 amounted to about 123.8 million lei, which is 33.5% higher than the same indicators for the same period in 2020 (92.74 million lei).
As InfoMarket agency was informed in the National Commission on Financial Market, all licensed insurance companies of Moldova in this period reported on the profit received (before tax). The largest profit was received by Grawe Carat Asigurari - 35.1 million lei (+ 5.5% compared to the same period in 2020) and General Asigurari - 26 million lei (an increase of 2.1 times). At the end of September 2021, the total assets of Moldovan insurance companies amounted to 3 billion 584.2 million lei (+ 16.1%), including net assets - 1 billion 218.9 million lei. The available solvency margin in general insurance ranged from 5.4% to 377.4%, and in life insurance - 656.4%. The liquidity ratio varied from 0.01% to 44.24% in the general insurance sector and 68.35% in the life insurance segment. In January-September 2021, insurance companies collected premiums for 1 billion 438.17 million lei (+ 35.4%) and paid indemnities for 467.09 million lei (+ 6.5%). General data on the insurance market includes information on the activities of 11 licensed insurance companies. At the same time, the NCFM provided data on the activities of 4 companies that were previously left without a license: Alliance Insurance Group, Asito Direct, Galas and Sigur-Asigur. For 9 months in 2021, Sigur-Asigur alone signed new premiums for 410.4 thousand lei. With the exception of Alliance Insurance Group, all insurance companies that remained without licenses paid indemnities in January-September, their total amount exceeding 5.9 million lei. The profit of these 4 insurance companies before tax amounted to 44 million lei. // 30.12.2021 — InfoMarket
