Access to secure international reinsurance capacity has never been more important to the Indonesian Insurance market than it is today. IBS Re Indonesia was formed in 1992 as a value-added and high quality reinsurance resource to service the IBS Group customer base including a large number of Indonesian domestic and joint-venture insurers.
IBS Re generates a large volume of Indonesian reinsurance premium and places this business to the major regional and global reinsurance centers.
Over the past 10 years, international reinsurance underwriting authority for Asian risks has evolved from the traditional hubs of London, Europe and North America to Asia’s leading regional centers of Singapore and Hongkong.
In 2004, IBS Re opened a fully-licensed office transacting reinsurance business in Singapore, substantially strengthening the Group’s direct presence in this essential market.
IBS Re both in Indonesia and Singapore has established an outstanding reputation based on high quality risk knowledge, presentation and insurance program structure. IBS Re can assist in either treaty or facultative placements in proportional, non-proportional and excess of loss structures across all fields of reinsurance including marine and non-marine, liability or casualty.
IBS Re is also able to draw upon internal resources for expertise and advice on Alternative Risk Transfer structures and financial instruments, protecting local or captive insurance companies and Indonesian businesses through finite risk programs, multi-line multi-year policies, catastrophe bonds or insurance linked securitizations.
IBS Re works closely with our Risk Management Services company which conducts comprehensive site risk surveys to ensure that an accurate risk profile of our clients’ business and exposures is communicated directly to the reinsurance underwriting market.
IBS Group calls on the expertise available from IBS Re to continually develop new and innovative insurance program structures for our corporate clients and to access new and changing reinsurance markets as they evolve.
Our IBS Group customers enjoy locally managed reinsurance services staffed with highly experienced personnel offering global reach to reinsurance markets with strong financial security and also reinsurance claims management services.