insurance market

Insurance gross premium collections in the first half of the year amounted to about 1.6 billion lei, gaining 2.6% of revenue, with the growth in claims payments far exceeding the growth in collections, Logos Press reported.

Against the background of the general well-being of the financial sector, the decline in profitability of the insurance business in the first quarter of the year looks, at least, strange. The National Bank does not name the real reasons for the deterioration, but fixes the decrease in total profit, losses of insurance companies and other obvious symptoms of temporary malaise.

At the end of May, at the invitation of the Moldovan government, Vienna Insurance Group (VIG) applied for the acquisition of 80% of MOLDASIG S.A. shares, – reports Logos Press.