PT BNI Life Insurance (BNI Life) reported an increase in its solvency level or risk-based capital (RBC) in the first half of 2024.

As of June 2023, BNI Life's RBC ratio was recorded at 689.43%. By June 2024, the RBC ratio had risen to 757.77%.

This increase in RBC indicates that BNI Life's financial security or health is at a healthy level, as it is far above the regulatory minimum requirement of 120%.

GM of Corporate Secretary, Legal & Corporate Communication at BNI Life, Arry Herwindo, stated that BNI Life consistently strives to maintain the company's health, as this ratio also signifies the company's responsibility toward policyholders.

One of the efforts made is the proper management of investment assets.

"We manage investment assets and cash flow by considering the quality of the portfolio and the liquidity needed in accordance with customer obligations," Arry told KONTAN on Wednesday (July 17).

BNI Life is optimistic that it can maintain its RBC ratio at 688.43% by the end of 2024.

It should be noted that as of May 2024, the Financial Services Authority (OJK) recorded the solvency level or RBC of the life insurance industry at a safe level of 441.93%.