Indonesian market hampered by weakened domestic reinsurer solvency

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<title>Indonesian market hampered by weakened domestic reinsurer solvency</title>
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<publisher>A.M. Best</publisher>
<dateIssued>2023</dateIssued>
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<abstract displayLabel="Summary">Indonesia´s domestic reinsurers sensitive to near-term economic uncertainties and catastrophe events. Weakened solvency at Nasional Re led to a coordinated replacement of capacity by cedents to other reinsurers during the 1 January 2023 renewals. Thinning capital buffers of domestic reinsurers present a significant challenge for them to withstand furthe balance sheet shocks. Domestic reinsurers are facing an increased likelihood for near-term economic uncertainties and unexpected catastrophe events to deral their business recovery plans</abstract>
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<topic>Mercado de reaseguros</topic>
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<topic>Evolución del reaseguro</topic>
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<topic>Aspectos económicos</topic>
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<topic>Reservas de capital</topic>
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<topic>Pérdidas</topic>
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<topic>Solvencia</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20090044302">
<geographic>Indonesia</geographic>
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