Country: Indonesia Page 1 / 11
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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%.
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- July 12 2022
Indonesia’s Sinar Mas outlook ‘favourable’ despite 102% COR: Fitch
The firm's COR deteriorated last year compared with 2020.
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- June 9 2022
MSIG taps Axa for VP of business development in Asia
Enny Halim rejoins the Japanese insurer with responsibilites for digital, distribution and products.
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- May 11 2022
Number of shipping losses in South China falls: AGCS report
One in five shipping losses still come from the region - the highest in the world.
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- February 23 2022
Takaful resilience on display in 2021
Islamic insurance products in Indonesia and Malaysia grew much faster than conventional insurance.
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- February 15 2022
Takaful non-life premiums surge 22.7% in Indonesia: Fitch
Rating agency says outlook is positive despite some regulatory headwinds.
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- February 9 2022
Indonesia struggles to shake pandemic effect
Non-life premiums registered zero growth in 2021 after a weak end to the year.
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- January 14 2022
Fitch downgrades Indonesia’s Nasional Re
The rating agency cited potential volatility from its credit book which accounts for 26% of total GWP.
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- January 6 2022
WTW appoints former Marsh adviser as head of Indonesia
Kameswara Natakusumah joined the broker at the beginning of January in Jakarta.
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- January 3 2022
Tokio Marine appoints Asia CEO
Masahito Hirai has switched from the firm's Malaysia operations to be based in Singapore.
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- December 31 2021
China Life (Overseas) eyes Asia expansion: Moody’s
The Shenzhen-based SOE already has operations in Hong Kong, Macau, Singapore and Indonesia.
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- December 17 2021
Tugu Re’s CR up on overseas, health claims: Fitch
The reinsurer's non-life combined ratio increased to 107.5% by the end of September after averaging 105.2% between 2018-20.
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- December 2 2021
Indonesia’s Tugu ‘dominates’ energy, aviation and marine: AM Best
The company has "high reinsurance usage" to support the underwriting of large commercial risks.
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- December 2 2021
AIA appoints former Sun Life president as Asia chief
Leo Grepin will also lead group strategy and corporate development effective January 3.
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- November 25 2021
Indonesia’s Wahana Tata faces Covid rules hit: Fitch
The insurer's COR averaged at 97% between 2018-20 due to reduced motor claims following travel restrictions.
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- November 22 2021
Indonesia’s non-life insurers see Q3 slump
Income fell by 16% during the third quarter after a Covid surge in July.
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- November 17 2021
China, India and Indonesia to see non-life headwinds: AM Best
The rating agency said in a SIRC briefing that Covid-19 and low interest rates are common causes.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
