Indonesia sees abundant reinsurance capacity from domestic, overseas insurers: Gallagher Re

Accounts that were free of catastrophe losses in 2023 and 2024 saw risk-adjusted rate reductions.

Reinsurance capacity in Indonesia remained abundant, supported by both domestic and overseas reinsurers, according to a report by Gallagher Re. 

Accounts that were free of catastrophe losses in 2023 and 2024 saw risk-adjusted rate reductions, it noted.

Proportional capacity from local reinsurers increased as securing facultative placements became more challenging. 

Meanwhile, overseas reinsurers had a stronger preference for providing excess of loss capacity but selectively supported proportional arrangements when buyers showed robust technical capabilities and sufficient portfolio management expertise, the report added.