Posted inAT Finance, Indonesia

Indonesian insurers teeter towards default

Indonesia’s insurance industry, little understood and often treated as the orphan of the financial services sector, is in trouble again with state-owned Asuransi Jiwasraya and the military’s Asuransi Sosial Angkatan Bersenjata Republik Indonesia (ASABRI) unable to pay out on policies and investments worth nearly US$2 billion. Insurance experts say the two cases, which appear to […]