Astra, Aviva Set Up Insurance JV
Astra International, the largest automotive distributor in Indonesia, and Aviva, the largest insurer in the United Kingdom, signed an agreement on Friday to set up a joint venture insurer.
Asuransi Mitra Sets 20 Percent Revenue Growth
Asuransi Mitra Maparya, a newly listed general insurer, aims to grow its premium revenue by 20 percent this year as it expands its network.
Central Sejahtera Insurance Changes Name, Airs Confidence About 2014 Performance
Central Sejahtera Insurance (CSI) has officially changed its name to Asuransi Umum BCA and is operating as part of the BCA group, its president director, Hariyanto, said on Monday.
Indonesia Aims For Insurance, Takaful Legislation in 2014
Insurers in Indonesia, Southeast Asia’s largest economy, will have to wait until at least next year for a new law that will require the spin-off of their shariah-compliant units, an official at the country’s financial regulator told Reuters.
Room to Grow for Indonesia’s Insurance Sector
Having worked in an insurance company for 23 years, Nelly Husnayati, now the vice president director and head of employee benefits and shariah business for life insurer Manulife Indonesia, knows how hard it has been to build people’s trust in the industry. “Back then my friends looked at me in disbelief when I told them more »
Tokio Marine Life Indonesia Eyeing Clients Through Banks
Tokio Marine Life Insurance Indonesia is aims to acquire a company affiliated with banks in the next three years so that it can expand offering insurance products to bank customers in the country. The company is also setting aside Rp 1.3 trillion ($124 million) for this year and 2014 to expand its sales network and more »
Insurer ACA Unfazed By Car, Property Easing
Asuransi Central Asia, an Indonesian general insurer, aims to grow its premium income by about 14 percent this year despite a possible slowing in demand for car and property, two large policy contributors. Lindur Siburian, head of research and development at the privately held ACA, said on Tuesday that the company is hoping to reach more »
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