Fitch Affirms Tugu Reasuransi Indonesia's National IFS at 'A+(idn ...

8 hours ago · Fitch Ratings - Jakarta - 15 Nov 2024: Fitch Ratings Indonesia has affirmed PT Tugu Reasuransi Indonesia's (Tugure) National Insurer Financial Strength (IFS) Rating at 'A+ …

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Fitch Affirms Tugu Reasuransi Indonesia's National IFS ... - Fitch …

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Satisfactory Regulatory Capitalisation: Tugure's capitalisation, measured by its risk-based capital (RBC) ratio, of 212% at end-June 2022 was above the 120% minimum regulatory requirement. The RBC ratio decreased from 230% at end-2021 because of a reserve top up. The company aims to ensure it is able to meet future liabilities by maintaining its RB...

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FAQs about Fitch Affirms Tugu Reasuransi Indonesia's National IFS at 'A+(idn ... Coupon?

Is PT Tugu reasuransi Indonesia (tugure) a good investment?

"Fitch Ratings Indonesia has affirmed PT Tugu Reasuransi Indonesia's (Tugure) National Insurer Financial Strength (IFS) Rating at 'A+ (idn)' with a Stable Outlook," the official statement read. Furthermore, in the statement, Fitch detailed a number of key factors that prompted Tugure to maintain the rating. ...

Who uses Fitch's international credit ratings?

Fitch’s international credit ratings produced outside the EU or the UK, as the case may be, are endorsed for use by regulated entities within the EU or the UK, respectively, for regulatory purposes, pursuant to the terms of the EU CRA Regulation or the UK Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019, as the case may be. ...

Is tugure a PT Asuransi Tugu Pratama Tbk?

The company has been maintaining its current business mix while tapping new business through its ultimate parent, PT Asuransi Tugu Pratama Tbk. Almost 100% of Tugure's underwriting business is sourced from Indonesia and around 90% is from the non-life segment. ...

What does tugure's rating affirmation mean?

The rating affirmation reflects Tugure's satisfactory capitalisation, 'Moderate' business profile and manageable but volatile underwriting performance. It also considers the company's conservative investment risk profile and satisfactory management of catastrophe risks in the catastrophe-prone Indonesian market. ...

Who is Tugu re?

Tugu Re, an Indonesian reinsurance company, was established with the objective of enhancing the stability and capacity of the national insurance market and to more efficiently manage and disseminate risk in the industry. More than 90% of Tugure’s business operates within the non-life insurance segment, predominantly rooted in Indonesia. ...

Why is tugure a risk based investment?

It also reflects limited investment risk and adequate management of catastrophe risk in Indonesia's catastrophe-prone market. Tugure's capitalisation, measured by its risk-based capital ratio, of 213% at end-September 2021 was above the 120% minimum regulatory requirement (end-2020: 226%). ...