Sasria-SOC-Limited-Circular-538-Sasria-Rate-Adjustment-for-Specific-Classes-of-BusinessFinal
SASRIA-Updated-Rates-Schedule_October-2025_FINAL
Sasria SOC Limited has issued Circular 538, announcing a rate adjustment effective 1 October 2025 for selected Classes of Business. This strategic change is driven by actuarial insights, reinsurance market shifts, and sustained underwriting losses in high-risk areas like Goods-in-Transit and Mobile Plant.
Key Details:
– Notice Period Starts: 1 June 2025
– Effective Date: 1 October 2025
– Reason: Ensure capital adequacy, manage reinsurance costs, and maintain sustainable pricing
– Background: Follows post-July 2021 unrest, with previous increases held for three years
This proactive step underscores Sasria’s commitment to market stability, transparency, and resilience against future catastrophic events.