Weekly Digest: Multiple Effects on Jiwasraya’s Scandal

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  • 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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