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"[ABSTRAKLaporan ini membahas penerapan perpajakan terkait kegiatan reasuransi dan juga kegiatan retrosesi pada PT DEF Indonesia. Analisis dilakukan dengan mengacu pada regulasi perpajakan dan juga teori yang berlaku. Dalam pelaksanaan yang dilakukan PT DEF Indonesia, terdapat beberapa kesesuaian yang ditunjukkan dari penerapan perpajakan terkait penerimaan premi bruto, pembayaran klaim bruto, dan pembayaran premi retrosesi, pembayaran komisi bruto, dan juga penetapan perusahaan sebagai wajib PKP. Namun ditemukan juga beberapa ketidaksesuaian antara peraturan dan teori berlaku dengan pelaksanaan yang dilakukan PT DEF Indonesia pada penerimaan klaim retrosesi dan penerimaan komisi retrosesi.;

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ABSTRACTThe report discusses the implementation of tax related to reinsurance and retrocession activities also in PT DEF Indonesia. The analysis was performed with reference to the tax regulations and also the prevailing theory. In the implementation carried out by PT DEF Indonesia, there are several cases where their tax practices conform to regulations and theory, such as gross receipt premium, gross claims payment, paymentof retrocession premiums, gross commission payment, and also the establishment of the company as required PKP. But there are also some discrepancies between related regulations and theories to the implementation by PT DEF Indonesia at the reception of retrocession claims and receipt commission retrocession.;The report discusses the implementation of tax related to reinsurance and retrocession activities also in PT DEF Indonesia. The analysis was performed with reference to the tax regulations and also the prevailing theory. In the implementation carried out by PT DEF Indonesia, there are several cases where their tax practices conform to regulations and theory, such as gross receipt premium, gross claims payment, paymentof retrocession premiums, gross commission payment, and also the establishment of the company as required PKP. But there are also some discrepancies between related regulations and theories to the implementation by PT DEF Indonesia at the reception of retrocession claims and receipt commission retrocession.;The report discusses the implementation of tax related to reinsurance and retrocession activities also in PT DEF Indonesia. The analysis was performed with reference to the tax regulations and also the prevailing theory. In the implementation carried out by PT DEF Indonesia, there are several cases where their tax practices conform to regulations and theory, such as gross receipt premium, gross claims payment, paymentof retrocession premiums, gross commission payment, and also the establishment of the company as required PKP. But there are also some discrepancies between related regulations and theories to the implementation by PT DEF Indonesia at the reception of retrocession claims and receipt commission retrocession., The report discusses the implementation of tax related to reinsurance and retrocession activities also in PT DEF Indonesia. The analysis was performed with reference to the tax regulations and also the prevailing theory. In the implementation carried out by PT DEF Indonesia, there are several cases where their tax practices conform to regulations and theory, such as gross receipt premium, gross claims payment, paymentof retrocession premiums, gross commission payment, and also the establishment of the company as required PKP. But there are also some discrepancies between related regulations and theories to the implementation by PT DEF Indonesia at the reception of retrocession claims and receipt commission retrocession.]"

"Biaya komisi reasuransi merupakan biaya yang tidak terpisahkan dari bisnis reasuransi dengan komposisi biaya yang cukup besar, termasuk bisnis reasuransi yang dilakukan oleh PT RIU. Melalui mekanisme withholding tax dalam sistem pajak di Indonesia yang diatur dalam Pasal 23 UU PPh, DJP mengenakan PPh pasal 23 atas komisi reasuransi melalui proses pemeriksaan pajak, sehingga menimbulkan sengketa pajak antara DJP dan PT RIU. Penelitian ini merupakan studi kasus dengan metode kualitatif yang bertujuan untuk menganalisis aspek perpajakan atas biaya komisi reasuransi melalui sengketa pajak yang dihadapi PT RIU, dengan melihat substansi dari biaya komisi reasuransi melalui proses pencatatan dan penerapan perpajakan, kronologis sengketa pajak, manajemen pajak perusahaan dalam menghadapi sengketa, dan analisis pendapat para ahli, untuk memecahkan permasalahan yang dihadapi PT RIU dalam mementukan apakah komisi reasuransi merupakan objek PPh Pasal 23 atau bukan merupakan objek PPh Pasal 23. Penelitian ini juga bertujuan untuk mencari solusi agar sengketa pajak atas biaya komisi reasuransi tidak terjadi secara berulang di masa mendatang. Hasil dari penelitian ini menunjukkan bahwa komisi reasuransi bukan merupakan objek PPh Pasal 23 dengan melihat substansi dari transaksi, serta Putusan hasil sengketa yang dimenangkan oleh PT RIU untuk periode sengketa lima tahun berturut-turut yang memberikan kekuatan hukum tetap atas kasus komisi reasuransi. Hal ini mengindikasikan bahwa DJP harus lebih terbuka dalam memahami model bisnis dan proses bisnis perusahaan, dan petugas lapangan DJP agar lebih cermat dalam menerapkan suatu aturan perpajakan secara tepat.

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Reinsurance commission fees are costs that are inseparable from the reinsurance business with a fairly large cost composition, including the reinsurance business carried out by PT RIU. Through the withholding tax mechanism in the Indonesian tax system which is regulated in Income Tax Article 23, Directorat General Tax (DGT) Officer imposes Income Tax article 23 on reinsurance commissions through a tax audit process, giving rise to a tax dispute between DGT and PT RIU. This research is a case study with a qualitative method which aims to analyze the tax aspects of reinsurance commission fees through tax disputes faced by PT RIU, by looking at the substance of reinsurance commission fees through the process of recording and implementing taxation, chronology of tax disputes, company tax management in dealing with disputes , and analysis of expert opinions, to solve the problems faced by PT RIU in determining whether the reinsurance commission is an object of Income Tax Article 23 or not an object of Income Tax Article 23. This research also aims to find a solution so that tax disputes over reinsurance commission fees do not occur repeatedly in the future. The results of this research show that the reinsurance commission is not an object of Income Tax Article 23 by looking at the substance of the transaction, as well as the dispute result decision won by PT RIU for a consecutive five year dispute period which gives permanent legal force to the reinsurance commission case. This indicates that DGT must be more open in understanding the company's business model and business processes, and that DGT field officers must be more careful in implementing tax regulations appropriately."

"[ABSTRAKSalah satu opsi manajemen risiko bagi perusahaan asuransi adalah denganmembagi atau mentransfer risiko yang ditanggungnya kepada perusahaanasuransi lain, yang disebut reasuransi. Konsep reasuransi ini memberikan banyakkeuntungan bagi perusahaan asuransi, sekaligus membebani perusahaan denganbiaya tertentu. Penelitian ini dilakukan untuk mengetahui faktor yangmemengaruhi kebutuhan jasa reasuransi pada perusahaan asuransi di Indonesiadengan melihat aspek loss ratio, gearing ratio, tingkat debt to equity ratio,volatilitas biaya klaim, volatilitas hasil investasi, jenis organisasi, dan konsentrasilini pertanggungan perusahaan. Dari hasil penelitian kepada perusahaan asuransikerugian sebanyak 64 perusahaan dari tahun 2010-2013, dapat ditarik kesimpulanbahwa kebutuhan reasuransi: sebanding dengan tingkat loss ratio, volatilitas biayaklaim, gearing ratio, dan ukuran perusahaan; berbanding terbalik dengan DER;berbanding terbalik dengan derajat konsentrasi lini pertanggungan, dandipengaruhi oleh jenis organisasi perusahaan.

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ABSTRACTAn option for risk management in insurance company is to transfer or divide theirrisk to other insurance company, this called reinsurance. The concept ofreinsurance is very helpful for insurance company with some benefits, yet causessome expenses. This study aimed to analyze what factors influence the demand ofreinsurance in Indonesia by considering loss ratio, gearing ratio, debt to equityratio, claim cost volatility, investment return volatility, organizational form, andbusiness concentration. From the study of 64 insurance company in Indonesiaduring 2010 ? 2013, it can be concluded that the need of reinsurance is: in linewith degree of loss ratio, claim cost volatility, gearing ratio, and company?s asset;inversely with DER and business concentration; also influenced by organizationalform.;An option for risk management in insurance company is to transfer or divide theirrisk to other insurance company, this called reinsurance. The concept ofreinsurance is very helpful for insurance company with some benefits, yet causessome expenses. This study aimed to analyze what factors influence the demand ofreinsurance in Indonesia by considering loss ratio, gearing ratio, debt to equityratio, claim cost volatility, investment return volatility, organizational form, andbusiness concentration. From the study of 64 insurance company in Indonesiaduring 2010 ? 2013, it can be concluded that the need of reinsurance is: in linewith degree of loss ratio, claim cost volatility, gearing ratio, and company?s asset;inversely with DER and business concentration; also influenced by organizationalform.;An option for risk management in insurance company is to transfer or divide theirrisk to other insurance company, this called reinsurance. The concept ofreinsurance is very helpful for insurance company with some benefits, yet causessome expenses. This study aimed to analyze what factors influence the demand ofreinsurance in Indonesia by considering loss ratio, gearing ratio, debt to equityratio, claim cost volatility, investment return volatility, organizational form, andbusiness concentration. From the study of 64 insurance company in Indonesiaduring 2010 ? 2013, it can be concluded that the need of reinsurance is: in linewith degree of loss ratio, claim cost volatility, gearing ratio, and company?s asset;inversely with DER and business concentration; also influenced by organizationalform.;An option for risk management in insurance company is to transfer or divide theirrisk to other insurance company, this called reinsurance. The concept ofreinsurance is very helpful for insurance company with some benefits, yet causessome expenses. This study aimed to analyze what factors influence the demand ofreinsurance in Indonesia by considering loss ratio, gearing ratio, debt to equityratio, claim cost volatility, investment return volatility, organizational form, andbusiness concentration. From the study of 64 insurance company in Indonesiaduring 2010 ? 2013, it can be concluded that the need of reinsurance is: in linewith degree of loss ratio, claim cost volatility, gearing ratio, and company?s asset;inversely with DER and business concentration; also influenced by organizationalform.;An option for risk management in insurance company is to transfer or divide theirrisk to other insurance company, this called reinsurance. The concept ofreinsurance is very helpful for insurance company with some benefits, yet causessome expenses. This study aimed to analyze what factors influence the demand ofreinsurance in Indonesia by considering loss ratio, gearing ratio, debt to equityratio, claim cost volatility, investment return volatility, organizational form, andbusiness concentration. From the study of 64 insurance company in Indonesiaduring 2010 ? 2013, it can be concluded that the need of reinsurance is: in linewith degree of loss ratio, claim cost volatility, gearing ratio, and company?s asset;inversely with DER and business concentration; also influenced by organizationalform., An option for risk management in insurance company is to transfer or divide theirrisk to other insurance company, this called reinsurance. The concept ofreinsurance is very helpful for insurance company with some benefits, yet causessome expenses. This study aimed to analyze what factors influence the demand ofreinsurance in Indonesia by considering loss ratio, gearing ratio, debt to equityratio, claim cost volatility, investment return volatility, organizational form, andbusiness concentration. From the study of 64 insurance company in Indonesiaduring 2010 – 2013, it can be concluded that the need of reinsurance is: in linewith degree of loss ratio, claim cost volatility, gearing ratio, and company’s asset;inversely with DER and business concentration; also influenced by organizationalform.]"

"[ABSTRAKTesis ini membahas pengaruh piutang reasuransi terhadap risiko kredit reasuransi dan manajemen risiko perusahaan asuransi umum terbuka di Indonesia. Kemampuan reasuradur untuk memenuhi liabilitasnya merupakan faktor penting yang mempengaruhi risiko bawaan perusahaan asuransi umum karena hal ini terkait dengan piutang reasuransi dan risiko kredit reasuransi, yaitu risiko kerugian keuangan yang disebabkan pelanggan atau pihak lawan gagal memenuhi kewajiban kontraktualnya yang dalam hal ini berarti kegagalan reasuradur untuk membayar klaim pemulihan kembali. Penelitian ini bertujuan untuk melihat pengaruh piutang reasuransi terhadap risiko kredit reasuransi dan melihat program reasuransi yang dimiliki oleh perusahaan asuransi umum terbuka di Indonesia dengan uji hipotesis dan analisis regresi linier serta analisis kuadran pemetaan piutang reasuransi dan risiko kredit reasuransi. Penelitian ini juga melihat implikasi manajerial terkait pengendalian piutang reasuransi dan risiko kredit reasuransi perusahaan asuransi umum terbuka di Indonesia. Hasil penelitian menunjukkan bahwa piutang reasuransi berpengaruh terhadap risiko kredit reasuransi walaupun tidak secara signifikan. Secara keseluruhan terjadi peningkatan angka piutang reasuransi perusahaan asuransi umum terbuka di Indonesia di tahun 2013 jika dibandingkan dengan tahun 2012.

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ABSTRACTThis thesis discusses the effect of reinsurance receivables on reinsurance credit risk and risk management of the general insurance public listed company in Indonesia. Reinsurer's ability to meet its liabilities are important factors that affect the risk of congenital general insurance because it is associated with reinsurance receivables and reinsurance credit risk, i.e the risk of financial loss due to customers or counterparties fail to meet contractual obligations which in this case means the failure of reinsurers to pay recovery claims. This study aims to look at the effect of reinsurance receivables on reinsurance credit risk and the reinsurance program by the general insurance public listed company in Indonesia with hypothesis testing and regression analysis also quadrant mapping analysis of reinsurance receivables and reinsurance credit risk. This study also examines the managerial implications of reinsurance receivables and reinsurance credit risk of the general insurance public listed company in Indonesia. The results showed that the reinsurance receivables affect the reinsurance credit risk, although not significantly. Overall there is an increase in the numbers of reinsurance receivables in the general insurance public listed company in Indonesia at 2013 when compared to 2012.;This thesis discusses the effect of reinsurance receivables on reinsurance credit risk and risk management of the general insurance public listed company in Indonesia. Reinsurer's ability to meet its liabilities are important factors that affect the risk of congenital general insurance because it is associated with reinsurance receivables and reinsurance credit risk, i.e the risk of financial loss due to customers or counterparties fail to meet contractual obligations which in this case means the failure of reinsurers to pay recovery claims. This study aims to look at the effect of reinsurance receivables on reinsurance credit risk and the reinsurance program by the general insurance public listed company in Indonesia with hypothesis testing and regression analysis also quadrant mapping analysis of reinsurance receivables and reinsurance credit risk. This study also examines the managerial implications of reinsurance receivables and reinsurance credit risk of the general insurance public listed company in Indonesia. The results showed that the reinsurance receivables affect the reinsurance credit risk, although not significantly. Overall there is an increase in the numbers of reinsurance receivables in the general insurance public listed company in Indonesia at 2013 when compared to 2012., This thesis discusses the effect of reinsurance receivables on reinsurance credit risk and risk management of the general insurance public listed company in Indonesia. Reinsurer's ability to meet its liabilities are important factors that affect the risk of congenital general insurance because it is associated with reinsurance receivables and reinsurance credit risk, i.e the risk of financial loss due to customers or counterparties fail to meet contractual obligations which in this case means the failure of reinsurers to pay recovery claims. This study aims to look at the effect of reinsurance receivables on reinsurance credit risk and the reinsurance program by the general insurance public listed company in Indonesia with hypothesis testing and regression analysis also quadrant mapping analysis of reinsurance receivables and reinsurance credit risk. This study also examines the managerial implications of reinsurance receivables and reinsurance credit risk of the general insurance public listed company in Indonesia. The results showed that the reinsurance receivables affect the reinsurance credit risk, although not significantly. Overall there is an increase in the numbers of reinsurance receivables in the general insurance public listed company in Indonesia at 2013 when compared to 2012.]"

"Reasuransi merupakan salah satu aspek penting dalam bisnis asuransi. Untuk mengelola bisnis, asuransi tidak hanya mengandalkan kapasitas sendiri, tetapi juga kapasitas tambahan yang diberikan oleh reasuransi. Sebagai parameter kesehatan finansial, OJK sebagai regulator mewajibkan asuransi untuk memiliki Reasuransi dalam negeri. Seperti kita ketahui, reasuransi dalam negeri di Indonesia tidak setinggi reasuransi asing. Bisnis asuransi akan selalu dikaitkan dengan reasuransi karena sifat asuransi yaitu spreading risk (dengan mengurangi risiko yang timbul dari klaim). Penelitian sebelumnya memberikan indikator bahwa kekuatan finansial akan mempengaruhi bagaimana perusahaan jasa mengelola bisnis dan profitabilitas mereka. Tulisan ini bertujuan untuk menyelidiki secara empiris hubungan antara kekuatan finansial perusahaan dengan bisnis yang dijalankannya. Kekuatan finansial untuk bisnis reasuransi merupakan komponen terpenting karena karakteristik bisnisnya, business to business. RBC sebagai salah satu parameter perusahaan asuransi untuk memilih reasuransi. Jadi dengan komponen RBC asuransi dapat melihat bagaimana bisnis dan tata kelola reasuransi. Kerangka analisis didasarkan pada hubungan antara faktor modal berbasis risiko dalam reasuransi dengan efektivitas bisnis dan profitabilitas. Data selanjutnya akan diberikan oleh laporan tahunan perusahaan dengan total 5 reasuransi lokal di Indonesia yang diuji dengan model regresi. Penelitian akan menunjukkan bagaimana faktor Risk based capital mempengaruhi bisnis perusahaan reasuransi. Penelitian diharapkan dapat membantu industri untuk lebih memahami pentingnya kekuatan finansial perusahaan reasuransi meningkatkan pengetahuan penulis lebih dalam tentang pentingnya faktor RBC untuk bisnis reasuransi. Berbeda dengan asuransi, meskipun bisnis jasa, asuransi akan langsung ke konsumen, dan reasuransi akan merusak bisnis dari asuransi, sehingga akan menjadi karakteristik B2B. Selain layanan reasuransi, kekuatan finansial adalah salah satu parameter utama dari asuransi untuk memilih reasuransi.

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Reinsurance is one of important aspect from insurance business. To ruin their business, insurnaces don’t only rely on their capacity, but to their back up capacity behind them. For arising financial strength and intercalation to Indonesia’s GDP, OJK as regulatory has obligatory for insurance to ceded their insurance cession to domestic Reinsurance. As we know, domestic reinsurances in Indonesia don’t high as high foreign Reinsurance. So they will rely on their financial strenght to ruin their business due to lack of capacity. Insurance business would be always linked with reinsurace due to their requirements for spreading risk (by reduce the variability of the financial costs to insurance companies arising from the claims). The prior researches give indicator that financial strenght will affect how sevice company ruin their business and profitability making. This paper is aim to empirically inquire intercouse between financial strength of the company with their running business. Financial strenght for reinsurance business is the most important component due to their business characteristic, business to business. RBC as one of the parameter will be the one which impose the insurance company to lay their business. So with RBC’s component we could inquire how reinsurance’s business and profitability. The analysis framework is based on relationship between risk based capital’ factor in reinsurance with their business and profitability effectivity. Data will be provided secunderly by companies annual report with total 5 local reinsurance in Indonesia. And will be examined by regression model. The finding will indicate how Risk based capital’s factor involve business and profitability both for reinsurance company. The findings may help industry to better understand how financial power’ factor work for profitability. To improve authors’ deeper knowledge about the importance of risk based capital’ factor for reinsurance core business and profitability. Different from insurance, even though they are service business, insurance would be dirrect to the consumers, and reinsurance will ruin business from insurance, so they will be B2B characteristic. Beside the service of the reinsurance, financial strenght is one of the most parameter from insurance to prefer their account.

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"Sebagaimana lembaga keuangan lainnya pengawasan terhadap perusahaan-perusahaan dalam industri asuransi sangat perlu dilakukan, alasan utama pengawasan tersebut adalah adanya fakta bahwa seluruh nilai (value) dari janji (Promise) yang dijual pada masyarakat oleh perusahaan asuransi terletak pada kondisi perusahaan di masa yang akan datang (Future Perfomance). Dengan pengertian lain kesanggupan perusahaan asuransi dalam memenuhi janjinya terletak pada bagaimana perusahaan menjaga kondisinya saat sekarang dan saat yang akan datang.Untuk melindungi masyarakat sebagai pengguna jasa asuransi dan dalam rangka pengawasan dan pembinaan industri asuransi pemerintah memberlakukan ketentuan-ketentuan tentang usaha penyelenggaraan usaha peransuransian, kesehatan keuangan perusahaan dan batas tingkat solvabilitas perusahaan. Ketentuan ini mengharuskan seluruh perusahaan asuransi dan Reasuransi menjaga tingkat solvabilitas atau aturan lain sebaik-baiknya.Dengan metode perhitungan Risk Based Capital (RBC) regulator mengawasi seluruh perusahaan asuransi dan Reasuransi dengan menentukan tingkat minimun solvabilitas yang harus dipenuhi yaitu sekurang-kurangnya 120 persen dari risiko kerugian yang mungkin timbul sebagai akibat dari deviasi pengelolaan kekayaan dan kewajiban. Deviasi tersebut meliputi :1. Kegagalan pengelolaan kekayaan.2. Ketidaksesuaian antara kekayaan dan kewajiban3. Ketidaksesuaian antara kekayaan dan kewajiban4. Perbedaan antara klaim yang terjadi dan beban beban yang diperkirakan.5. Ketidakcukupan premi akibat perbedaan antara hasil investasi yang diperkirakan dan yang terjadi) dan terakhir6. Ketidakmampuan reasuransi memenuhi kewajibanTidak terkecuali PT Reasuransi Internasional Indonesia sebagai satu dari empat Profesional dalam negeri mutlak memenuhi ketentuan yang dipersyaratkan. Dari perhitungan Risk Based Capital (RBC) yang dilakukan dalam penulisan ini, PT Reasuransi Internasional belum mencapai tingkat solvabilitas yang diwajibkan, oleh karenanya kerja keras dan keinginan untuk menaikkan tingkat solvabilitas dapat dilakukan melalui tindakan-tindakan efektif seperti revaluasi atas asset, utang-piutang atau cara lain dalam menaikkan tingkat solvabilitas. Penyampaian perhitungan tingkat solvabilitas dalam tulisan ini diharapkan bermanfaat membantu pembaca dalam memahami dan menghitung tingkat solvabilitas dengan metode Risk Based Capital (RBC)."

"Indonesia merupakan suatu negara yang secara alamiah mempunyai berbagai segi yang sangat menguntungkan bagi pertumbuhannya, baik untuk kepentingan nasional maupun internasional. Dalam tata pergaulan internasional, terutama dalam rangka pergaulan ekonomi dan perdagangan internasional peranan Indonesia adalah tidak kecil, baik karena letaknya yang strategis yaitu dalam posisi silang antara dua samudera dan dua benua, maupun karena kekayaan alamiah yang dapat memenuhi kebutuhan dan pasaran internasional. Mengingat peranannya yang sangat penting dalam tata pergaulan ekonomi internasional, Indonesia sangat mcmbutuhkan berbagai perangkat peraturan yang dapat dipergunakan dalam tata pergaulan tersebut di atas. Perangkat peraturan tersebut, harus dapat memenuhi berbagai aspek baik dari kualitas maupun dalam tata kerjanya pada kebiasaan internasional. Salah satu aspek utama dalam tata pergaulan ekonomi internasional termaksud adalah aspek asuransi; karena pada dasarnya asuransi merupakan salah satu mata rantai yang dapat mempengaruhi kelancaran aktivitas dunia usaha pada umumnya baik dalam ruang lingkup nasional maupun internasional. Aspek lain sebagai mata rantai dalam kegiatan termaksud di atas adalah aspek pengangkutan, alat pembayaran, di samping kondisi masing-masing objek perdagangan itu sendiri. Dengan makin maju dan lancarnya dunia usaha dan perdagangan pada umumnya, maka dapat dipastikan bahwa kemajuan dan kelancaran dunia usaha tersebut akan diikuti pula dengan kemajuan kegiatan sektor perasuransian pada umumnya. Dapat dikatakan demikian, karena pada sctiap kegiatan dalam dunia perdagangan dan perekonomian pada umumnya selalu diperlukan jasa asuransi, yang dilayani oleh industri jasa asuransi. Dapat dipastikan bahwa setiap kegiatan dalam bidang perekonomian pada umumnya, termasuk perdagangan dan industri selalu mempergunakan jasa industri asuransi. Jadi jasa industri asuransi pada dasarnya selalu melibatkan diri pada setiap jenis kegiatan yang bergerak dalam bidang perekonomian, baik nasional maupun internasional."

"ABSTRAKUntuk menekan kerugian sekecil mungkin, lazimnya perusahaan reasuransi akan mengambil suatu jumlah tertentu sebagai jaminan atas risiko yang ditanggung danjumlah ini disebut retensi. Metode batas retensi yang ditetapkan oleh perusahaan selama ini memberikan keamanan bagi perusahaan. Sesuai Surat Edaran Otoritas Jasa Keuangan nomor 31/SEOJK.05/2015 tentang Batas Retensi Sendiri, Besar Dukungan Reasuransi dan Laporan Program Reasuransi/Retrosesi, dijelaskan mengenai batas minimum dan maksimum retensi sendiri sesuai dengan lini usaha.Metode Pentikainen mencoba untuk menetapkan batas retensi terbaru untukperusahaan. Dengan batas retensi terbaru yang disimulasikan dengan bisnisretrosesi akan didapatkan hasil underwriting bersih. Peningkatan hasilunderwriting bersih dapat meningkatkan profit bagi perusahaan

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ABSTRACTIn order to minimize the loss as minimum as possible, a reinsurance company willusually take a certain amount as the security for the risk that covered. This amountis called retention. All this time the retention limit method which appointed by thecompany may provide a security value to the company. In accordance to SuratEdaran Otoritas Jasa Keuangan No 31/SEOJK.05/2015 concerning Limit OwnRetention, Reinsurance support and Reinsurance/Retrocession Program Reportexplain the minimum and maximum limit own retention according to businesslines. Pentikainen methods try to define latest retention limit for the company.When we use the latest retention limit simulated by the retrocession business, wewill get the net underwriting result. The increasing of the net underwriting resultcan make the company profit growing bigger;"

"Perusahaan asuransi memiliki batasan dalam menanggung risiko, agar perusahaannya tetap stabil secara finansial. Akibatnya, perusahaan asuransi akan membagi risiko yang dihadapinya dengan melakukan sharing risiko ke reasuransi. Reasuransi dapat dibedakan dalam beberapa bentuk, yang salah satunya adalah stop-loss. Pada reasuransi stop-loss, perusahaan asuransi telah menetapkan suatu batas atas atau retensi yang dapat ditanggung oleh perusahaan. Apabila klaim yang terjadi melebihi retensi maka perusahaan asuransi hanya membayar sebesar retensi dan sisanya ditanggung oleh reasuransi. Namun, reasuransi pasti juga menetapkan suatu batasan dalam penerimaan risiko yang dialihkan oleh perusahaan asuransi. Melalui skripsi ini, dicari kontrak reasuransi yang memberikan suatu pernyataan mengenai seberapa besar loss yang dialihkan secara optimal ke reasuransi berbentuk stop-loss dengan memerhatikan suatu batas penerimaan risiko yang telah ditetapkan oleh reasuransi menggunakan ukuran risiko Tail Value at Risk (TVaR). Kontrak reasuransi stop-loss yang optimal tersebut kemudian akan diimplementasikan pada data klaim produk Panin Premier Maxilinked yang bersumber dari PT. Panin Dai-ichi Life Insurance. Didapatkan hasil bahwa penentuan kontrak reasuransi optimal bergantung pada batas penerimaan risiko yang ditetapkan reasuransi, tingkat kepercayaan, safety loading, dan hubungan di antara variabel-variabel tersebut.

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Insurance companies have limits on taking risk so that the company remains financially stable. As a result, the insurance company will share the risk with reinsurance. Reinsurance can be divided into several forms, one of them is a stop-loss. In stop-loss reinsurance, the insurance company has set an upper limit or retention that can be covered by the company. If the claim that occurs exceeds the retention, the insurance company only pays the amount of the retention and the rest is covered by the reinsurer. However, reinsurance also established a limit in the acceptance of the risk transferred by the insurance company. Through this study, look for a reinsurance contract that provides a statement regarding how much loss is optimally transferred to reinsurance in the form of stop-loss by observing a risk acceptance limit set by reinsurance using the Tail Value at Risk (TVaR) risk measure. The optimal stop-loss reinsurance contract will be implemented in the claim data Panin Premier Maxilinked products from PT. Panin Dai-ichi Life Insurance. The results show that the determination of the optimal reinsurance contract depends on the risk acceptance limit set by reinsurance, the confidence level, the safety loading, and the relationship between these variables."