In the August 2013 issue

This month in Asia Insurance Review
Page 1 of 1

Something new, but all things good

A new regulator, changes in some rules and a possible of review of other regulations - are seen to be actions that will benefit the insurance industry. Insurers are positive about the new super regulator, OJK, whose current top priorities are to standardise Indonesia's industry practices and to create a level playing field. With growth in both life and general, and strong numbers supporting the optimistic outlook, the future is certainly bright.

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Interview with Regulator: Hitting the ground running

Since the start of 2013, the Otoritas Jasa Keuangan (OJK) has officially taken over full authority of the regulation of the Non-Bank Financial Institutions (NBFI) sector. Mr Dumoly Pardede, Deputy Commissioner for NBFIs, speaks about the transition made, as well as OJK's priorities and plans going forward. By Dawn Sit

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Non-life insurance: Strong numbers all round

The Indonesian non-life market is both posting and forecast to post strong numbers. Local players give an update of the market, and how the new super regulator OJK is expected to help further improve the sector's performance. By Benjamin Ang

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Non-life insurance: Monopoly or not...

Sustainable reference rates - anti-competition or not? Industry players share their thoughts on the premium rates guidelines, which were dropped after just a short duration of less than a month. By Benjamin Ang

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Life insurance: Growth is everywhere

Indonesia's life insurance market has been enjoying robust growth in recent years, and last year was no different. Life insurance revenue grew 20.7% to post IDR133 trillion (US$13.38 billion) in 2012. Life players and the life association head share their views on market trends as well as their companies' focus. By Dawn Sit

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A super reinsurer for the Indonesian market?

There are plans to create a large domestic reinsurer in Indonesia. Mr Robby Loho, President Director, PT Maskapai Reasuransi Indonesia Tbk (Marein), gives his take on what it will mean for the industry. By Benjamin Ang

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Undeniably challenged, undauntedly pressing on

As chief of the Asosiasi Perusahaan Pialang Asuransi dan Reasuransi Indonesia (APPARINDO), Indonesia's association of insurance and reinsurance brokers, Mr Nanan Ginanjar has the challenging task of helping to ensure brokers stay relevant in the face of stiff competition in the insurance industry. By Dawn Sit

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New corporate governance rules for insurers

By Ms Susandarini, Partner, and Mr Andrew Frans, Associate, Susandarini & Partners in association with Norton Rose Fulbright Australia

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