Excited to share our recent participation in 34th General Arab Insurance Federation (GAIF) Conference 2024 in the beautiful capital of the Sultanate of Oman, Muscat. We were honored to have the opportunity to meet and interact with industry leaders from across the region.
Asia Reinsurance Brokers (ARB) in cooperation with PT Reasuransi Nasional Indonesia (Nasional Re) organized a “Treaty Pricing Training Session” from 13 June 2023 to 15 June 2023. The attendees included Mr Saliya Jinadasa (Senior Divisional Director – Asia Reinsurance Brokers Pte Ltd) as the main speaker at this event, Mr Michael Seward (President Director...
Going Beyond Tradition – Reinsurance Treaty Pricing with Piecewise Pareto Distribution Typically, non-proportional treaty pricing of excess layers in P&C reinsurance is performed with well-known frequency and severity-based approaches using historical experience. For severity, it is a common practice to fit a single statistical distribution to historical claims. Fitting a single distribution to claims...
In our June 2020 Bulletin number 002/ARB-BULLETIN/06/2020 we reviewed the quarterly financial performance of local professional reinsurance companies (IPR) for 2018 and 2019. Based on their latest published 1st Quarter 2020 results, this Bulletin attempts to further graphically depict the individual financial performance of IPR members, particularly in the wake of the Jakarta floods...
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of General Insurance Corporation of India (GIC Re) (India). The outlook of the FSR has been revised to stable from negative whilst the Long-Term ICR outlook is negative. These Credit Ratings (ratings) reflect...
As an insurance company in Indonesia you have a vested interest in the financial health of the local professional reinsurance companies (IPR). To help you better understand the financial performance of the IPR members we have extracted relevant data from their published quarterly financial statements relating to: Solvency or RBC Level Investment Funds Equity...
In these difficult and troubled times, we hope you and your loved ones are safe and well. At ARB we are fully committed to maintaining service levels and ensuring that the quality of our advice, backed up by superior analytical and actuarial science, continues unabated. In line with this, we intend to issue periodic...
Dear Valued Partner, PT Asia Reinsurance Brokers Indonesia have applied Work From Home policy starting this week in an attempt to follow Indonesia Government suggestion to prevent further spreading of COVID-19 disease. We assure you that our service and business activity remain functional as usual, even though face to face meeting will be unavailable...
Training and enriching our clients is what ARB strives to achieve with a view to growing and prospering together. As an extension to this, ARB in partnership with Adira Insurance held a two day workshop in February 2017 to serve one of our valued clients, Bank Danamon. The workshop was held at Bank Danamon’s...