trending Market Intelligence /marketintelligence/en/news-insights/trending/jLQkUwGl9Gp3O9u3EoxLOg2 content esgSubNav
In This List

Fitch affirms Asuransi Adira Dinamika's ratings

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Fitch affirms Asuransi Adira Dinamika's ratings

Fitch Ratings Indonesia affirmed 's nationalinsurer financial strength rating at AA(idn).

The outlook is stable, the rating agency said May 3.

The rating affirmation reflects the insurer's position asone of the leading motor insurers in Indonesia, the country's developing marketconditions as well as the evolving regulations in the insurance sector.

Fitch may upgrade the ratings if the company can strengthenits market franchise and diversify into non-motor businesses on a sustainedbasis.

On the other hand, the ratings may be downgraded if there isdeterioration in the underwriting margin and a sharp decline in the localstatutory risk-based capitalization ratio.