Stable outlook for Indonesia’s non-life insurance sector from Best

Indonesia’s non-life insurance market is well diversified and underpinned by solid capitalisation, according to AM Best, which has assigned a stable outlook to the sector. Best said this was despite a bleak macroeconomic picture and the social restriction measures that have been in place since April 2020 as a result of the Covid-19 pandemic, which will result in a slowdown…

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