JAKARTA - InfoBank Magazine has released another rating of 130 insurance companies in Indonesia. This rating is based on 10 criteria of published finance reports.
The ten criteria applied to determine the ratings are, RBC, liquidity ratio, reserve technical with assets ratio, reserve premium with own premium retention ratio, gross premium income changes, own premium retention with own capital ratio, investment with technical reserve plus claim payable ratio, net claim charges with net premium ratio, income charges with income ratio, Income ratio with own capital average ratio
The rating was released by the Director of Infobank Research Bureau, Eko B Supriyanto, in the Rating program of 130 insurances companies Indonesia 2007 event, held at Sahid Hotel, Jalan Jenderal Sudirman, Jakarta, Thursday (3/72007).
Referring to these criteria, life insurance companies which are considered as excellent life insurance companies with Gross Premium of above Rp1 trillion are Prudential Life Assurance, Manulife Indonesia Life Insurance and Sinar Mas Life Insurance.
Life insurance companies having an excellent rating with Gross Premium of below Rp200 billion are Takaful Family Insurance, Bumi Arta Reksatama Life Insurance, UOB Life Sun Assurance.
Insurance companies with gross premium of above Rp200 billion and having an excellent rating are, Asuransi Adira Dinamika, Zurich Insurance Indonesia and Asuransi Jasa Raharja Putera.
General insurance companies with a Gross Premium ranging from Rp50 billion up to below Rp200 billion with excellent ratings are, Tugu Khresna Pratama, Asuransi Samsung Tugu and Asuransi Permata Newton Kua Indonesia.
General insrance companies with a gross Premium of below Rp50 billion with an excellent rating are, Asuransi Bhakti Bhayangkara, Artha Graha General Insurance, Asuransi AIOI Indonesia.
In this rating there is also one life insurance with a poor rating and 9 general insurance companies with a poor rating.