Saturday, 2 April 2016

A.M. BEST AFFIRMS RATINGS OF PT ASURANSI JASA INDONESIA (PERSERO)

SINGAPORE, April 1 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of B (Good) and the issuer credit rating of “bbb ” of PT Asuransi Jasa Indonesia (Persero) (Jasindo) (Indonesia). The outlook for both ratings remains stable.

The ratings reflect Jasindo’s adequate risk-adjusted capitalization, strong operating performance and its good profile in the Indonesian non-life market.

Jasindo’s adequate risk-adjusted capitalization, as evaluated by Best’s Capital Adequacy Ratio, is supported by its low underwriting leverage. The company has a good profile in the profitable fire segment of Indonesia’s non-life market and has enjoyed strong profitability with limited volatility.
http://mrem.bernama.com/viewsm.php?idm=26512

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