Uncovering the Challenges Facing Indonesia’s Insurance Market: The Impact of Domestic Reinsurers on Solvency
Indonesian Reinsurer Faces Solvency Concerns Overview Recently, concerns have arisen over the solvency levels of what was once Indonesia’s largest domestic reinsurer. These concerns have limited the company’s ability to underwrite new business and have caused cedants to seek coverage elsewhere during the 1 January 2023 renewals. AM Best Commentary In a new commentary from…