Weekly Digest: Multiple Effects on Jiwasraya’s Scandal

By Editorial Team 23/12/2019
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Summary

  • Jiwasraya's liquidity problem, which had led to the failure in meeting the insurance policies payments, is still rolling out. Yet, the state-owned insurer’s polemic had raised some ironies in the process.
  • Jiwasraya had carried out reinsurance, sharing risks to four reinsurance companies, which are mostly controlled by SOEs.
  • In mid-2020, Jiwasraya's medium-term debt worth Rp 500 billion will mature with an 11.25 percent yield.

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