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Moldovan Insurers' H1 Gross Profit Falls 33% Y/Y

Aug 18, 2009, 5:39:20 PMArticle by Kristina Belkina
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CHISINAU (Moldova), August 18 (SeeNews) – The first-half combined gross profit of Moldovan insurance companies fell by 33% on the year to 55.2 million lei ($4.9 million/3.5 million euro), the country's securities commission, CNPF, said on Tuesday.

Moldovan Insurers' H1 Gross Profit Falls 33% Y/Y

The total premium income of the 27 insurance companies operating in Moldova was down to 381.2 million lei in the first half from 426.5 million lei a year earlier, CNPF said in a statement.

It added that the claims paid by Moldovan insurers rose to 194.2 million lei through June from 123.05 million lei a year earlier.

The combined assets of Moldovan insurers grew by 21% on the year to 1.4 billion lei at the end of June.

Moldasig and ASITO were the country's two largest insurers in terms of first-half premium income.

(1 euro=15.8414 Moldovan lei)

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