The regulator noted that balanced risk-sharing with domestic reinsurers is vital to maintaining stability and supporting sustainable growth in Indonesia’s insurance industry.
The regulator is sharpening its focus on affordability and long-term resilience as insurers face mounting cost pressures from natural disasters, inflation, and limited reinsurance capacity.
Taylor brings over 15 years of P&I and marine underwriting experience, including seven years leading Standard Club’s APAC underwriting operations from Singapore.
The rating agency said recent insurance regulatory changes will influence solvency positions, distribution models and reinsurance dynamics, with China, South Korea and Australia setting the pace in As...
The order follows a similar demand against New India Assurance, signaling a broader clampdown on GST treatment of co-insurance and reinsurance premiums.
