Indonesia: Reinsurer hit by higher claims and expenses in 2021
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.
Source: asiainsurancereview.com