Best's Market Segment Report: AM Best Maintains Negative Outlook on Indonesian Non-Life Insurance Market

Best’s Market Segment Report: AM Best Maintains Negative Outlook on Indonesian Non-Life Insurance Market

SINGAPORE, October 31, 2022–(BUSINESS WIRE)–AM Best maintains its negative market segment outlook on the non-life insurance segment in Indonesia, citing challenges in credit and auto insurance and continued macroeconomic uncertainties. The normalization of claims frequency, which has the potential to dampen segment profitability, also supports the negative outlook. in a new Best Market Segment Report“Market …

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