Services – JBBODA Viva Indonesia

Our Services

PT JBBoda Viva Indonesia Reinsurance Brokers as a Reinsurance Broker acts as an “intermediary” in collaboration with insurance companies that require the services of a reinsurance brokerage company, in terms of:

Manage Reinsurance Closing and Placement

JBBoda Viva Indonesia specializes in the meticulous management of reinsurance closing and placement processes. We ensure seamless coordination between cedents and reinsurers, facilitating the effective transfer of risk and the timely completion of reinsurance contracts. Our expertise in negotiating terms and conditions guarantees optimal coverage and pricing for our clients.

Consultation on Risk Management and Reinsurance Treaty or Facultative

Our team offers expert consultation services in risk management and reinsurance structures, including both treaty and facultative reinsurance. We provide tailored advice to help clients develop robust risk management strategies and select the most suitable reinsurance arrangements that align with their specific risk profiles and financial objectives.

Reinsurance Claim Handling

JBBoda Viva Indonesia is adept at handling reinsurance claims with efficiency and precision. We assist clients in navigating the complex claims process, ensuring accurate and prompt settlement of claims. Our dedicated team works closely with clients and reinsurers to manage the entire claims lifecycle, from notification to final resolution, minimizing disruption and financial impact on our clients' operations.

Reinsurance Products

Risk Excess of Loss
Catastrophe Excess of Loss
Aggregate Stop Loss Cover
Original Loss Warranty Covers
Reinstatement Premium Protection
Proportional Treaty

Property
Industrial and Engineering
Casualty / Liability
Product Liability Insurance
Professional Indemnity
Directors & Officers
Fine Art & Species
Personal Accident & Health
Travel Insurance Scheme
Medical Malpractice
Heavy Equipment & CPM

Agriculture
Aviation (Hull & Liability)
Cyber
Terrorism & Sabotage
Political Risk
Marine (Cargo / Hull & Machinery, Liability)
Bonds (Bid, Advance Payment, Performance)
Surety, Credit and Trade Credit
Oil & Gas
Energy & Power

Proportional and Non-Proportional Treaty
All Classes of Facultative Support
Affinity Group Schemes

Key Focus Classes of Business

The J.B.Boda Group has specialized in providing insurance solutions to the Aviation & Aerospace industry for over 40 years, maintaining strict transparency and confidentiality. We are particularly proud of our long-standing partnership with the Indian Space Programme since 1982, leveraging our 60+ years of experience in aviation insurance. Our services extend globally, thanks to a wide network, allowing us access to international aviation markets.

Our client base includes both public and private organizations involved in various aspects of aviation and aerospace, such as airlines, space/satellite operations, and airport management, among others. The J.B.Boda Group offers comprehensive insurance coverages like Hull/Spares All Risk, Aviation Liability, and Satellite Insurance, as well as specialized policies for airport operators, air traffic controllers, and other aviation-related roles.

Our team works closely with clients to tailor insurance solutions, review contracts and coverage, and negotiate optimal terms. We also manage crucial documentation and assist with claims, ensuring efficient procedures and resolution. Additionally, we conduct training and seminars to enhance industry knowledge and client capability.

The J.B.Boda Group is deeply aware of the risks and uncertainties inherent in the agricultural sector, which is foundational to many of the world’s economies. With increasing incidents of catastrophic events, climate change, and global warming—particularly in regions previously unaffected—agricultural challenges have escalated, leading to greater losses than anticipated.

In response, our Agriculture team is committed to recognizing, undertaking, and managing these agricultural risks amid the challenges of climate change, population growth, and rising global food demand. Our agricultural insurance offerings include major classes such as Crop Insurance, Livestock Insurance, Aquaculture (Fisheries) Insurance, and Forestry Insurance.

We support our clients through services like Product Development, Modelling & Analytics, Placement of Reinsurance Programmes (both Facultative and Treaty), Claims Management, and Accounting Support. Our experienced team, spread across global offices, works closely with clients to assess and manage their agricultural portfolios. Additionally, we provide comprehensive training aimed at building capacities and developing expertise in this specialized sector.

The J.B.Boda Group understands the complexities and challenges associated with the banking and financial industries, particularly in the areas of Credit, Trade Credit, and Surety. These sectors are crucial for maintaining the flow of capital and securing transactions in global markets, making risk management essential for stability and growth.

In response to the evolving financial landscape, our Banking & Financial Lines team is dedicated to identifying, understanding, and managing the risks related to credit and financial guarantees. Our offerings in this area are tailored to support businesses in safeguarding their operations against financial losses due to credit defaults, insolvency, or non-compliance with contractual obligations.

We support our clients with comprehensive risk assessment, policy structuring, and claim management. Our team also provides expert advisory services to help clients navigate the complexities of regulatory compliance and risk mitigation. Moreover, we offer training programs designed to enhance understanding and management of financial risks, ensuring that our clients are well-prepared to handle the intricacies of their financial obligations and commitments.

The J.B.Boda Group recognizes the inherent risks and technical complexities involved in the construction and engineering sectors. These industries demand robust risk management strategies to safeguard against the significant financial exposures that arise from construction projects and engineering works.

Our Construction & Engineering team specializes in navigating the challenges of these sectors, offering tailored risk management solutions that ensure project viability and financial stability. We provide comprehensive insurance services for Construction All Risks (CAR), Erection All Risks (EAR), and Delay in Start-Up (DSU) coverages.

Our expert team works closely with clients to assess risks, tailor coverage solutions, and manage claims effectively. We also engage in continuous dialogue with clients to ensure that insurance solutions are comprehensively integrated with their project management frameworks. Additionally, we conduct training sessions and capacity building workshops to enhance client understanding and management of construction and engineering risks. Through these services, we empower our clients to execute their projects with confidence, backed by the security of well-managed risk strategies.

The J.B.Boda Group is acutely aware of the challenges and risks associated with the energy and utilities sector, including Mining, Oil & Gas, Power, and Water industries. These sectors are critical for economic stability and growth but come with significant risks due to their technical complexities and environmental impacts.

Our Energy & Utilities team is dedicated to providing expert risk management solutions tailored to the unique needs of these industries. We aim to help our clients navigate the intricate and hazardous nature of energy and utilities operations, ensuring operational continuity and regulatory compliance.

Our experienced team engages with clients to conduct thorough risk assessments, design appropriate insurance solutions, and manage claims efficiently. We also offer advisory services to help clients comply with industry regulations and mitigate risks effectively. Additionally, we provide training and capacity-building programs to deepen clients’ understanding of risk management strategies specific to the energy and utilities sector. Through these comprehensive services, we support our clients in maintaining safe, efficient, and compliant operations.

The J.B.Boda Group understands the complex landscape of financial and professional risks that organizations face in today’s regulatory and litigious environment. Our Financial & Professional Risks team specializes in addressing these challenges, providing bespoke risk management solutions to protect against the potentially severe financial repercussions of professional and managerial actions.

Our team collaborates closely with clients to understand their specific needs, assess potential risks, and tailor insurance solutions that provide robust protection. We also manage claims effectively, ensuring that clients can continue their professional activities with minimal disruption. Additionally, we conduct training sessions and workshops to educate clients about risk management practices and the importance of compliance in their respective fields. Through these targeted services, we help clients navigate the complexities of their professional responsibilities and legal obligations with confidence and security.

The J.B.Boda Group recognizes the significant impact that political risks can have on operations and investments across the globe. Our Political Risks team is dedicated to providing specialized risk management solutions that address the uncertainties and disruptions caused by political violence, sabotage, and terrorism. These risks are particularly prevalent in regions experiencing political instability, and they can severely affect both local and international businesses.

Our team works closely with clients to evaluate their exposure to political risks, design customized insurance solutions, and manage claims with efficiency and expertise. We also provide strategic advice to help clients navigate the complexities associated with operating under politically volatile conditions. Furthermore, we offer educational programs to enhance understanding of political risk factors and their implications for business.

Through these comprehensive services, the J.B.Boda Group enables clients to safeguard their investments and operations against the adverse effects of political risks, ensuring they are well-prepared to handle challenges in high-risk environments.

The J.B.Boda Group is keenly aware of the critical nature of risks associated with the health and life sectors. Our Medical & Life team provides specialized risk management services tailored to the unique needs of these areas, including Health, Medical, Personal Accident (PA), and Travel insurance. These services are designed to ensure that individuals and organizations can manage health-related risks effectively, providing peace of mind and financial protection.

Our expert team works closely with clients to assess their needs, design appropriate insurance coverages, and manage claims efficiently. We also offer advisory services to help clients choose the right policies that best fit their requirements and budget. Furthermore, we provide educational sessions and workshops to enhance clients’ understanding of the importance of health and life insurance in managing personal and professional risks. Through these comprehensive services, we enable our clients to navigate the complexities of medical and life-related risks with confidence and security.

The J.B.Boda Group has a deep understanding of the multifaceted risks associated with the marine industry. Our Marine team specializes in providing targeted risk management solutions tailored to the unique challenges of maritime operations. This sector requires specialized knowledge due to the complex nature of marine risks and the high-value assets involved.

Our experienced team collaborates closely with clients to assess maritime risks, tailor insurance solutions to specific needs, and manage claims effectively. We also offer comprehensive advisory services to help clients navigate the regulatory requirements and contractual obligations of the marine industry. Additionally, we conduct training and capacity-building programs to enhance clients’ understanding of marine insurance and risk management. Through these specialized services, we empower our clients to operate confidently and securely in the challenging marine environment.

The J.B.Boda Group is well-versed in the complexities of property risks, particularly in the commercial and industrial sectors. Our Property team offers specialized risk management services designed to protect the substantial investments made in commercial and industrial properties. These sectors face a myriad of risks, from natural disasters to equipment failure, each capable of causing significant financial loss and operational disruptions.

Our experienced team collaborates closely with clients to assess property risks, customize insurance solutions to meet specific needs, and efficiently manage claims. We also offer expert advisory services to help clients understand and mitigate potential risks associated with their property holdings. Additionally, we provide training sessions to enhance clients’ knowledge of risk management strategies and insurance solutions.

Through these targeted services, the J.B.Boda Group empowers clients to effectively manage the risks associated with owning and operating commercial and industrial properties, ensuring their investments are well-protected against unforeseen losses.

CAT Modelling Tool

Free Access to Risk Mitigation and Disaster Management Tool

Catastrophe modeling (CAT Modeling) is a sophisticated risk management tool that utilizes computer technology to assess the potential losses caused by natural and man-made catastrophes. It serves as a bridge between scientific understanding and the insurance industry, helping to quantify the risks associated with various catastrophic events.

CAT Modeling is primarily used by insurance companies, businesses, and regulators to evaluate the potential financial impact of catastrophic events such as hurricanes, earthquakes, floods, and other natural hazards. It is important to note that CAT models do not predict the frequency of these events in a given year but rather estimate the average potential impact over a longer period.

The tool is valuable in several key areas:

Risk Pricing: CAT modeling allows for the analysis of various scenarios related to a risk, providing insights into the potential hazard exposure. This information is crucial for calculating a robust internal technical price for insurance policies. The models can assess susceptibility to specific hazards like hurricanes or earthquakes, proximity to risks such as liquefaction or storm surge, and overall vulnerability assessments.
Portfolio Management: CAT modeling helps insurers and reinsurers accumulate data across a portfolio to understand the combined risk profile. This aggregated view is essential for effective portfolio management and risk mitigation strategies.
Capital Requirement: CAT modeling plays a significant role in calculating solvency and other regulatory or economic capital requirements. The standardized approach offered by CAT modeling provides a comprehensive risk profile that can be integrated with other forms of business risk. This integration is crucial for informing capital requirements and ensuring that insurers have adequate reserves to cover potential losses.

In summary, CAT Modeling is a vital tool in the insurance industry, offering a data-driven approach to understanding and managing the risks associated with catastrophic events. It supports insurers in pricing risks accurately, managing portfolios effectively, and meeting capital requirements efficiently.