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Indonesian insurer’s premium income drops 2.5%

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Financial results

Indonesia-based insurer Asuransi Wahana Tata PT’s general insurance premium income dropped 2.5% year-on-year to 1.8 trillion Indonesian rupiah ($129 million) in 2020, Kontan.co.id reported. The company is seeing a slowdown in property insurance due to the COVID-19 pandemic. The insurer expects a 10% general insurance premium growth in 2021.

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