Capital management, News, Non-life, Ratings, Ratings downgrade, Ratings outlook downgrade, Regulatory, Reinsurance, Risk-based capital

Marein downgraded by Fitch after PSAK 117 reserve adjustments hit capital and earnings

The Indonesian reinsurer's risk-based capital ratio fell to 163% at end-2025 from 228% a year earlier, with Fitch also assigning a negative outlook following the ratings downgrade.

Reih Angeles

March 9, 2026

•

3 min read

The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

MEMBERS ONLY

Continue reading with a free account.

Get access to in-depth analysis, breaking news, and exclusive features across APAC insurance.

• Free daily briefing in your inbox each morning

• 7-day trial of premium intelligence

• No credit card required

Existing user?

Sign in here

The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August