News

Data about the Activity of Moldovan Commercial Banks on July 31, 2025Dr. Sándor Csány: Being the 4th largest, OTP in Moldova will grow both organically as well as through possible mergers and acquisitions It seems to be a place, but it is notScott HOCKLANDER: For me, the persistence of Moldovan citizens is not only a learned lesson, but also a great exampleSorin MASLO: "The year 2022 was a turning point for the "Cricova" Wine Combine, the turnover increased by almost 25%"Deposit rates are at their peak. Market conjuncture or Why banks need individuals’ depositsValeriu LAZĂR: "If the state does not support business today, tomorrow it will have no one to collect taxes from.Chisinau Airport as a reflection of statehoodMonetary measures against non-monetary inflationBanks as the fulcrum of the economy: they have increased profits and are preparing for the challenges of the 2H 2022The Ministry of Finance and investors in the State Securities market at the peak of placement volumesThe banking market: turmoil and increased demand. No panicIs Moldova ready for the economic consequences of the war in the neighboring country?Are we heading for hyperinflation? It all depends on the correct diagnosis and the prescribed treatmentWhat is happening in the Government Securities Market and what does the National Bank have to do with it?The wine industry is on the verge of a revolution: Is the industry-specific law bankrupting enterprises? The trap for the oil products marketLászló DIÓSI: Foreign investments come to Moldova due to banking system stabilityWhen there is no program with the IMF, we issue are government securities ...Nikolay BORISSOV: “Acquisition of Moldindconbank is the best procurement in the Moldovan market, albeit the most risky one”Oil Ping Pong GamesBanking 2020 - pandemic, profitableWeird 2020: humility, depression, rebellion, accepting a new realityThe Hunger Games of the foreign exchange marketHow to tame liquidity?Veaceslav IONITA: The government killed the business, but flirted with the populationPeople and Business: Natural and Unnatural SelectionAlexandru BURDEINII: Being ethical becomes vital in business nowadaysMoldova’s Key Macroeconomic IndicatorsPrices at filling stations

In 2020, insurance companies made a profit of about 96 million lei.

In 2020, insurance companies made a profit of about 96 million lei.

As InfoMarket was informed in the National Commission for Financial Market, the profit of insurance companies of Moldova (before tax) in 2020 amounted to 95.96 million lei, while in 2019 their losses amounted to 10.34 million lei. At the same time, 3 out of 13 insurance companies ended last year with losses, the rest made a profit. The largest profit was received by the Asterra Grup company - 32.02 million lei, which is almost 4 times more than a year earlier. This is followed by: Grawe Carat Asigurari - 25.43 million lei (+ 3.5% compared to 2019), Moldasig - 14.05 million lei (against losses of 20.44 million lei in the previous year), Acord Grup - 11.3 million lei (-13.7%), General Asigurari - 10.18 million lei (a decrease of 20.5 times), Donaris VIG - 10.1 million lei (an increase of 1.5 times), etc. At the end of 2020, the total assets of Moldovan insurance companies amounted to 3 billion 173.9 million lei (+ 2.5%). The disposable solvency margin in general insurance ranged from 29.57% to 449.39%, and in life insurance - 621.08%, and the liquidity ratio - from 0.32% to 45.23% in general insurance and 53.18% - in the segment of life insurance. In 2020, insurance companies collected premiums in the amount of 1 billion 452.9 million lei (-10.6%) and paid compensations for 596.39 million lei (-8.8%). General data on the insurance market includes information on the activities of 13 licensed insurance companies, including Auto-Siguranta and Klassika Asigurari, whose licenses have been revoked. It is worth noting that the NCFM also provided data on the activities of 4 companies that were previously left without a license: Alliance Insurance Group, Asito Direct, Galas and Sigur-Asigur. In 2020, they signed new premiums for 0.6 million lei and paid compensations for 9.7 million lei, and their profit before tax amounted to 15.08 million lei. // 14.04.2021 — InfoMarket

News on the subject