{"id":220020,"date":"2023-05-03T13:28:47","date_gmt":"2023-05-03T05:28:47","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=220020"},"modified":"2023-05-03T13:28:47","modified_gmt":"2023-05-03T05:28:47","slug":"bests-commentary-indonesias-insurance-market-hampered-by-domestic-reinsurers-weakened-solvency-position","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=220020","title":{"rendered":"Best&#8217;s Commentary: Indonesia&#8217;s Insurance Market Hampered By Domestic Reinsurer&#8217;s Weakened Solvency Position"},"content":{"rendered":"\n<p><strong>SINGAPORE, May 3 (Bernama-BUSINESS WIRE) &#8212;&nbsp;<\/strong>Concerns over the actual and prospective solvency levels at what was recently Indonesia\u2019s largest domestic reinsurer has limited its ability to write new business and prompted cedants to place coverage elsewhere during the 1 January 2023 renewals, according to a new&nbsp;<strong>AM Best<\/strong>&nbsp;commentary.<\/p>\n\n\n\n<p>The\u00a0<em>Best\u2019s Commentary<\/em>, \u201cIndonesian Market Hampered by Weakened Domestic Reinsurer Solvency,\u201d notes that thinning capital buffers among Indonesia\u2019s domestic reinsurers leaves them facing the challenge of withstanding further balance sheet shocks amid the increased likelihood for near-term economic uncertainties and unexpected catastrophe events.<\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=46005\">http:\/\/mrem.bernama.com\/viewsm.php?idm=46005<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, May 3 (Bernama-BUSINESS WIRE) &#8212;&nbsp;Concerns over the actual and prospective solvency levels at what was recently Indonesia\u2019s largest domestic reinsurer has limited its ability to write new business and prompted cedants to place coverage elsewhere during the 1 January 2023 renewals, according to a new&nbsp;AM Best&nbsp;commentary. The\u00a0Best\u2019s Commentary, \u201cIndonesian Market Hampered by Weakened Domestic [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/220020"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=220020"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/220020\/revisions"}],"predecessor-version":[{"id":220021,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/220020\/revisions\/220021"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=220020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=220020"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=220020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}