<![CDATA[This research aims to evaluate the solvency resilience of PT Asuransi Bina Dana Arta Tbk (ABDA) against catastrophic shocks and investment market volatility through a System Dynamics simulation approach within a Dynamic Financial Analysis (DFA) framework, addressing the limitations of prior static methods that fail to capture dynamic management responses. Utilizing Q1 2025 financial data projected over a 60-month horizon, this study tests a double stress test scenario comprising a 350% surge in claims and a simultaneous stock market correction to measure the effectiveness of adaptive asset allocation policies. The simulation results demonstrate that the company's capital structure is highly robust, with the Risk-Based Capital (RBC) ratio remaining above 200% under normal conditions, and despite experiencing severe pressure in the crisis scenario, the lowest solvency level (nadir point) reached was 150.64%, which remains significantly above the Financial Services Authority (OJK) regulatory threshold of 120%. These findings conclude that the company possesses resilient fundamentals, where the implementation of an automated de-risking mechanism proved to be a crucial factor in preventing insolvency and mitigating capital erosion during economic turbulence, suggesting that dynamic approaches should be adopted as a new standard in insurance risk management.]]>
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