Reinsurance Services
Access to secure international reinsurance capacity has never been more important to the Indonesian Insurance market than it is today. IBS Reinsurance Services was formed in 1992 as a value-added and high quality reinsurance services resource to the IBS Group customer base, including a large number of Indonesian domestic and joint-venture insurers.

IBS Reinsurance Services generates the largest volume of Indonesian reinsurance premium of any broker in the country, and places this business to the major regional and global reinsurance centers.

Over the past 5 to 10 years, international reinsurance underwriting authority for Asian risks has devolved from the traditional hubs of London, Europe and North America to Asia's leading regional centers, Singapore and Hong Kong.

IBS Group has placed business directly into these markets on a daily basis, through person-to-person presentations and via our extensive technology resources, for over 20 years.

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.

Since 1992, IBS Reinsurance Services has established an outstanding reputation based on high quality risk knowledge, presentation and program structure. We can assist in either treaty or facultative placements in proportional, non-proportional and excess of loss structures, and cover is available across all fields of reinsurance including marine and non-marine, liability or casualty.

IBS Reinsurance Services Group 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 Reinsurance Services Group 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, providing us with a competitive edge, unique on Indonesian risks.

IBS Group calls on the expertise available from IBS Reinsurance Services to continually develop new and innovative program structures for our corporate and insurance clients, and to access new and changing reinsurance markets as they evolve.

Our Group customers enjoy locally managed reinsurance services with global reach to reinsurance markets of strong financial security, provided by highly trained and dynamic insurance technicians.

We are able to directly access and control reinsurance placements and negotiate directly with the underwriters and retrocessionaires who will develop the pricing requirements for insurance programs and most importantly, make decisions on the admissibility and quantum of insurance claims submitted.