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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the activities of 13 licensed insurance companies, including Auto-Siguranta and Klassika Asigurari, whose licenses have been revoked.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

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