Jasindo rated BBB<\/p>\n
JAKARTA (JP): Rating agency Standard and Poor's (S&P) has
\ngiven state-owned PT Asuransi Jasa Indonesia (Jasindo) a BBB
\nrating, reflecting Jasindo's \"leading market position, good
\nfinancial structure and profitable earnings track record and the
\nbenefits of ownership by the government of the Republic of
\nIndonesia\".<\/p>\n
A statement released by S&P said the rating -- S&P's first
\nclaims-paying ability rating in Indonesia -- was \"moderated by
\nJasindo's investment assets quality and perceived industry risk
\nassociated with the Indonesian insurance industry's current stage
\nof evolution and planned deregulation\".<\/p>\n
S&P said Jasindo's financial position was sound, with a
\nsatisfactory capital base assisted by the recent capitalization
\nof an Rp 80 billion government loan and sound re-insurance
\narrangements, although there was a high reliance on re-insurance
\nreceivables at various times.<\/p>\n
Sixty percent of Jasindo's premiums are derived from
\ngovernment business. It has a network of 46 branches in
\nIndonesia. (pwn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jasindo-rated-bbb-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}