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Indonesia’s Insurance Crisis Spreads
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Indonesia’s Insurance Crisis Spreads

Major conglomerate enlisted to stabilize controversial bank

John Berthelsen's avatar
John Berthelsen
Mar 16, 2020
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Indonesia’s Insurance Crisis Spreads
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The slow-motion train wreck that is Indonesia’s insurance sector has started to pick up speed, raising fears over the entire sector, which suffers from weak regulation and deep corruption, with negative implications for the financial system as a whole as problems bleed into the country’s extensive state-owned enterprise system. The situation is being ex…

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