The figures revealed that the local market turned on "the green side", local insurers reporting aggregate net profit of EUR 4.9 million, from a EUR-2.7 loss at the end of June 2019.
In terms of GWP, life insurance premium decreased by more than 5% y-o-y to EUR 1.70 million, according to the "Financial System - Monthly Information" released on CBK website.
At the same time, non-life GWP decreased by 4.24% y-o-y to EUR 44.66 million, of which EUR 24.45 million related to Domestic MTPL, EUR 1.63 million - Border policies and EUR 18.57 million - other voluntary classes, according to "The Insurance Companies Activity" published by CBK.
13 insurers were active on the local market, of which 11 - non-life and 2 specialized life insurers. According to CBK, currently seven companies are foreign owned and are holding about 51.3% of total assets.