Country: Indonesia Page 1 / 11
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- January 17 2023
Domestic market dynamics reshape Asean renewals
While rating downgrades shook up Indonesia, carriers sought ‘payback’ for Malaysian floods.
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- January 6 2023
Insurtech Qoala raises US$65m in fresh funding led by Eurazeo
Eurazeo, a French private equity fund, has recently invested in specialty broker BMS.
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- December 23 2022
Tugu outlook revised to negative over poor underwriting performance: AM Best
The rating action is despite the Indonesian carrier posting a 15% jump in pre-tax profits for the first nine months of 2022.
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- December 19 2022
Regional P&C players bet on Indonesia despite headwinds
The country is seeing a flurry of deals and is expected to overtake Thailand as the largest Asean P&C market.
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- December 15 2022
Indonesia wants nat cat cover for certified buildings after West Java earthquake
In November a 5.6-magnitude earthquake rattled the city of Cianjur killing more than 330 people and damaged thousands of homes.
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- December 2 2022
TuguRe to reduce credit insurance and fire exposure to boost profits: Fitch
The Indonesian firm's GWP grew 41% in H1 2022 after shrinking by 19% in 2021 and 8% in 2020.
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- November 24 2022
Tokio Marine raises stake in Indonesia JV to 80%
The Japanese giant has bought an additional 20% equity from its partner Jasindo for US$33m.
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- November 23 2022
Aon Indonesia appoints Inti Amaliah as head of reinsurance
Amaliah joins the global broker after a four-year stint with Willis Re.
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- November 18 2022
Nasional Re downgraded over poor governance, weak financials
Fitch has handed Indonesia's largest domestic reinsurer a CC rating and placed the firm on negative watch.
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- November 17 2022
WTW aids Indonesia with low carbon transition
A new sovereign risk management programme has been designed to help the world’s largest thermal coal exporter.
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- November 15 2022
Stable outlook for Asuransi Wahana Tata as premium growth recovers: Fitch
The AA-rated Indonesian general insurer reported 19% premium growth for the first nine months of 2022.
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- November 2 2022
Credit and motor challenges behind negative Indonesia non-life outlook: AM Best
There has been premium rate inadequacy and weaknesses in underwriting risk management.
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- October 21 2022
Warburg Pincus commits US$350m for ‘buy-and-build’ South-East Asia P&C digital player
IAN recently revealed that the new company, to be called Oona Insurance, had completed an acquisition in the Philippines.
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- October 13 2022
Indonesia Re names Nusantara Re’s Widyo Primastowo as client market & treaty head
Jakarta-based Primastowo reports to managing director Delil Khairat and handles client management and GI treaty businesses.
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- October 6 2022
Bolttech eyes Indonesia expansion with broker buy
Jakarta-based Axle Asia, whose lines include corporate and employee benefits, will rebrand and become a subsidiary of the global insurtech.
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- October 5 2022
Indonesia may ease overseas cession restrictions
Since 2016 insurers have not been allowed to place 'simple risks' with global reinsurers, but now domestic carriers can't cope.
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- September 26 2022
Aon signs up Karl Hamann as Indonesia CEO
The former QBE veteran was most recently the chief executive of Papua New Guinea's state-owned insurer.
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- August 30 2022
China Taiping’s domestic P&C arm sees H1 COR improve to 98.8%
Taiping Re's P&C division fell to an underwriting loss of US$21m.
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- August 29 2022
Insurtech Igloo launches Indonesian platform
It will offer motor and accident insurance and allow intermediaries to provide products.
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- August 2 2022
Asia political risk rates to rise as Ukraine crisis bites
Even fairly benign countries such as Indonesia, the Philippines and Thailand could see hikes of 15-20%.
