Swiss Re and Indonesia Re are to partner up to provide members with access to the analytics solutions and risk consulting services of the national Insurance Data Centre Management Agency (BPPDAN).
The BPPDAN, which is administered by Indonesia Re, counts 70 re/insurers amongst its members. This collaboration between it and Swiss Re aims to be the catalyst for digital transformation in Indonesia’s reinsurance industry.
The partnership will involve development of a market dashboard for BPPDAN to offer its members premium and claims insights at a market and company level. It will support the underwriting decisions of BPPDAN members, as well as their strategic planning for risk management and pricing, considering major loss drivers.
Paul Murray, regional president and CEO of reinsurance for Asia at Swiss Re, said: “Swiss Re is committed to building resilience as the industry faces significant global change. As Indonesia plays an important role in Southeast Asia, we see this partnership as a great example of how we can support Indonesian insurers to make the country more resilient through digital solutions, beyond traditional risk transfer.”
Delil Khairat, technical operations director at Indonesia Re, said: “BPPDAN’s 30th anniversary this year is marked by the launch of BPPDAN Analytic to support its member companies by enhancing their journey toward science-based underwriting decision making and portfolio management. We would not have realised this ambition without strong partnership with Swiss Re through its world-class analytics solution. This is vivid evidence that collaboration is the way forward in navigating an increasingly dynamic and complex risk landscape and business environment.”
