Substantial premium growth for Indonesia Re in 2016

National reinsurer Indonesia Re, also called Reinsurance Indonesia Utama, posted a consolidated turnover of 5.2 billion IDR (387 million USD) in 2016, an increase of 34.6% in comparison with 2015.

Indonesia Re is the country’s leading reinsurance company with two subsidiaries owned: PT Reinsurance Syariah Indonesia specialized in Islamic reinsurance and PT Asuransi Asei Indonesia based on non life and bail reinsurance.

Gross premiums for Indonesia Re, excluding subsidiaries, are set at 4.7 billion IDR (350 million USD) in 2016, a 50% leap in comparison with 2015.

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