SINGAPORE, March 30 (Bernama)-- A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb+" of PT Asuransi Jasa Indonesia (Persero) (Jasindo) (Indonesia). The outlook for both ratings is stable.
The ratings consider Jasindo's supportive balance sheet strength, continued strong financial performance and its status as one of the leading non-life insurers in Indonesia. Supported by positive underwriting and investment results, the company enjoyed strong profitability with little volatility to net profitability ratios between 2010 to September 2014, while capital grew about 80% over the same period.
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