Asian countries are experiencing major developments in their insurance markets, driven by economic growth, intense competition and regulatory initiatives. A.M. Best had organised a one day seminar at Jakarta, Indonesia. Speakers from A.M. Best joined by regional and local market practitioners discussed the issues that are impacting market developments and the prospects of individual insurers.
At the seminar held on 10th July in Jakarta, Indonesia Mr Y Ramulu, Dy. General Manager and Mr Vikrant Parate, Assistant Manager participated on behalf of GIC Re. Deliberations on subjects such as ‘rating developments in high growth markets’, ‘A practical view for credit ratings’, ‘Regulation & Credit Rating- friend or foe?’ were handled by speakers with long years of experience and command on the topics.