News Reinsurance29 Jan 2021

Indonesia:Reinsurer expected to maintain selective underwriting

| 29 Jan 2021

Tugu Reasuransi Indonesia's (Tugure) non-life combined ratio stood at 105.7% by end-2020, higher than the 103.2% by end-2019, notes Fitch Ratings. The increase was due to lower premiums, higher claim payments following floods that hit Jakarta in early 2020 and claim increases in the health business due to the pandemic.

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