"Ongoing remedial measures" helped steady the insurer's performance after natural catastrophe and large loss events caused volatility, the ratings agency said.
More than 80% of insurers have already met OJK's 2026 requirements, but experts say capital alone will not fix weak fundamentals as tougher 2028 rules loom.
The Hong Kong-based actuary joins after a career spanning senior underwriting and reinsurance roles at Ping An P&C and SAIC Insurance in China and the US.