AIR+21 Jan 2019

Indonesian insurers unlikely to be impacted by Dec tsunami

| 21 Jan 2019

The financial soundness of Indonesian insurers is not likely to be affected by the last month's tsunami in the Sunda Strait due to their appropriate catastrophe risk management and strong capital buffers, said Fitch Ratings. The ratings agency believes the industry will be able to absorb the resulting claim losses, which had the greatest impact on the coastal areas of Banten and Lampung, although profitability may be affected.

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