Insurer Facing $2 Billion Financial Hole Sparks Call for Rescue
- Crisis at Indonesia’s Jiwasraya may pose systemic risks
- Government formulating plan to ‘heal’ insurer, minister says
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Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered a $2 billion hole in its books.