Jakarta flood losses not expected to trigger solvency problems
Flooding in Jakarta, Indonesia in January expected to cause economic losses of IDR32trn (€2.46m) according to official government reports, but only IDR3trn of that is expected to be insured.
The low insurance penetration rate in the country, less than 2% of GDP, based on Swiss Re Sigma estimates, accounts for the market difference between the economic and the insured sum.
Fitch Ratings
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