PT Bosowa Corporation

PT Asuransi Bosowa Periskop, a subsidiary company of Bosowa Corporation, which provides general insurance services, was recently rated by the prestigious finance magazine INVESTOR, as the 2008 top 4 best company, out of ten insurance companies rated for the category of Rp.100 billion – Rp.200 billion assets. The company is rated as VERY GOOD category for Equity Valuation, Investment Volume, Investment Results, RBC, Underwriting Ratio on Net Premium and Premium Reserve Ratio. GOOD category for Asset Valuation, Net and Gross Premium, and Underwriting Result. PT Asuransi Bosowa Periskop was also rated as SUFFICIENT for the ROA, ROE, TATO and market share penetration.

The INVESTOR magazine’s July edition rated 20 of Indonesia’s best insurance companies for 2008 based on the past three years performance from 2004 to 2007.  PT. Asuransi Bosowa Periskop ranks in the 5 top (#4) companies out of 19 general insurance companies with assets of Rp.100 billion – Rp.200 billion rates as best developed companies for the last three years. The company was previously a general insurance company with assets below Rp.50 billion as of 31 December 2006 and was worth above Rp.100 billion as at 31 December 2008.