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Indonesia: New rules will shape insurance industry, says Fitch

July 23, 2014 - 6:00am

Fitch Ratings Ltd. has said that the changing insurance rules in Indonesia aimed at improving transparency and stability will shape the overall sector, Asia Insurance Review reported.

Factors highlighted by Fitch include the recent implementation of insurance tariff regulations and planned revisions in regulations for bancassurance.

One main challenge for insurers' underwriting profitability is the exposure to catastrophe risks, Asia Insurance Review reports.

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