OREANDA-NEWS. September 16, 2013. As the newsletter of the National Commission for Financial Market states, in January -June 2013 total profit of 10 insurance companies amounted to 24.3 million lei, while other seven insurance companies incurred losses of USD 17.2 million lei.

As of June 30 net assets of the insurance companies amounted to 1 billion 119.3 million lei (-9.4 % compared with I half of 2012). The main factor of the decline in the net assets is the reduction of the number of the insurance companies from 24 in I half of the last year up to 17 in corresponding period of 2013, which led to the decrease in the share capital. Equity of the insurance companies declined from 557.4 million up to 467 million lei (16.2 %).

As of late I half of 2013 total technical reserves under general and life insurance agreements amounted to 943.7 million lei, increasing by 19.2% compared to the same period of the last year. Technical reserves related to the general insurance account for 688.2 million lei (72.9 % of the total) and technical reserves of life insurance - 255.5 million lei (27.1 %). Compared to the same period of the last year they grew by 18.3% and 21.7 %, respectively.

The total volume of premiums transferred to reinsurance on general and life insurance amounted to 110.2 million lei. The share of premiums transferred to reinsurance in total volume of premiums accrued in January -June 2013 made 19.3 %.

As InfoMarket reported before, in I half of 2013 Moldovan insurance companies collected premiums worth 571.5 million lei ( +14.1 % compared to the same period of the last year), the amount of reimbursements paid increased by 5% compared to the same period of the last year and totaled 196.6 million lei.