Asuransi Jasindo

AM Best Withdraws Credit Ratings of PT Asuransi Jasa Indonesia

Retrieved on: 
Wednesday, April 6, 2022
Professional Services, Insurance, Finance, AM, ERM, Credit, Asuransi Jasindo, Pressure, ICR, FSR, Communication, ALL, Industry, AM Best, COVID-19, News, Insurance, Long-Term Capital Management, Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of C (Weak) and the Long-Term Issuer Credit Rating (Long-Term ICR) of ccc+ (Weak) of PT Asuransi Jasa Indonesia (Asuransi Jasindo) (Indonesia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of C (Weak) and the Long-Term Issuer Credit Rating (Long-Term ICR) of ccc+ (Weak) of PT Asuransi Jasa Indonesia (Asuransi Jasindo) (Indonesia).
  • Concurrently, these Credit Ratings (ratings) have been withdrawn as the company has requested to no longer participate in AM Bests interactive rating process.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Removes From Under Review With Negative Implications, Downgrades Credit Ratings of PT Asuransi Jasa Indonesia

Retrieved on: 
Friday, January 7, 2022
Finance, Consulting, Banking, Professional Services, Insurance, FSR, COVID-19, Insurance, Data, Review, Communication, Asuransi Jasindo, Mission statement, AM, AM Best, News, Credit, Pressure, ALL, Industry, ERM, Risk management

These Credit Ratings (ratings) reflect Asuransi Jasindos balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management (ERM).

Key Points: 
  • These Credit Ratings (ratings) reflect Asuransi Jasindos balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management (ERM).
  • The ratings of Asuransi Jasindo were placed under review with negative implications on 19 May 2021, following a significant deterioration in the companys underwriting performance emanating from its credit insurance business.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Downgrades Credit Ratings of PT Asuransi Jasa Indonesia; Maintains Under Review With Negative Implications Status

Retrieved on: 
Thursday, July 8, 2021
Other Professional Services, Professional services, Insurance, Credit rating agencies, Asuransi Jasindo, Insurance, AM Best, Service companies, Finance, Business organizations

Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).

Key Points: 
  • Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).
  • The ratings of Asuransi Jasindo were placed under review with negative implications on 19 May 2021, following a significant deterioration in underwriting performance emanating from the companys credit insurance business.
  • The ratings will remain under review until AM Best can fully assess the impact of these factors on Asuransi Jasindos credit rating fundamentals.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

AM Best Places Credit Ratings of PT Asuransi Jasa Indonesia Under Review With Negative Implications

Retrieved on: 
Wednesday, May 19, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Insurance, Asuransi Jasindo, Service companies, Finance, Business organizations

b'This Credit Rating (rating) action follows a significant deterioration in Asuransi Jasindo\xe2\x80\x99s underwriting performance emanating from the company\xe2\x80\x99s credit insurance business.

Key Points: 
  • b'This Credit Rating (rating) action follows a significant deterioration in Asuransi Jasindo\xe2\x80\x99s underwriting performance emanating from the company\xe2\x80\x99s credit insurance business.
  • Unless stated otherwise, the ratings were not amended subsequent to that communication.\nThis press release relates to Credit Ratings that have been published on AM Best\xe2\x80\x99s website.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • For information on the proper media use of Best\xe2\x80\x99s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best\xe2\x80\x99s Credit Ratings and AM Best Rating Action Press Releases .\nAM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Asuransi Jasindo Committed to Settling the Palapa N1 (Nusantara Dua) Satellite Claim

Retrieved on: 
Wednesday, May 13, 2020
Asuransi Jasindo, Majapahit, Nusantara, Companies, Indonesia

JAKARTA, May 13, 2020 - (ACN Newswire) - PT Asuransi Jasa Indonesia, or Asuransi Jasindo, is ready to assist the claims process for the launch and in-flight insurance of the Palapa N1 Nusantara Dua Satellite, owned by client PT Palapa Satelit Nusa Sejahtera (PSNS).

Key Points: 
  • JAKARTA, May 13, 2020 - (ACN Newswire) - PT Asuransi Jasa Indonesia, or Asuransi Jasindo, is ready to assist the claims process for the launch and in-flight insurance of the Palapa N1 Nusantara Dua Satellite, owned by client PT Palapa Satelit Nusa Sejahtera (PSNS).
  • We will stand beside our client PSNS, and will assist PSNS especially on settling the claim," said Dodi.
  • The Nusantara Dua Satellite launch took place at the Xichang Satellite Launch Center (XLSC), Xichang, China, on April 9.
  • Dodi said that Asuransi Jasindo was always committed to settling claims, particularly in such a specialty risk category, in accordance with the terms and conditions of the policy.

AM Best Revises Issuer Credit Rating Outlook to Negative for PT Asuransi Jasa Indonesia (Persero)

Retrieved on: 
Thursday, March 28, 2019
Professional services, Insurance, Finance, Economy, Credit, Credit rating, Rating, Reinsurance companies, Asuransi Jasindo

AM Besthas revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ ofPT Asuransi Jasa Indonesia(Persero) (Jasindo) (Indonesia).

Key Points: 
  • AM Besthas revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ ofPT Asuransi Jasa Indonesia(Persero) (Jasindo) (Indonesia).
  • In addition, the revised outlook reflects the expectation of a substantial rise in the companys reinsurance asset leverage at year-end 2018.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .