News Coronavirus watch14 Apr 2022

Indonesia:Reinsurer hit by higher claims and expenses in 2021

| 14 Apr 2022

The non-life combined ratio of Reasuransi Indonesia Utama (Indonesia Re) increased to 107.5% in 2021 (2020 audited: 104%) due to higher claims from its fire, health, credit life, and credit insurance businesses and a reserve top-up, while premiums declined, notes Fitch Ratings Indonesia.

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