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Indonesia tag returned 143 results

  • Chubb appoints Budi Tatawidjaja as compliance director for Indonesia

    Chubb announced the appointment of Budi Tatawidjaja to the role of compliance director. He will join Chubb's board of directors and report to Tai-Kuan Ly, Chubb's country president of Indonesia.

    People | 15 Feb 2019
  • Storms and heavy rain cause nearly $1bn in losses in January

    Aon launched its Global Catastrophe Recap for January of 2019 last week, which evaluated the impact of global natural disaster events to identify trends, manage volatility and enhance resilience.

    AIRPlus | 12 Feb 2019
  • Indonesia: Life mutual seen to be on the right course

    The Financial Services Authority (OJK) says that AJB Bumiputera is on track to overcome its financial problems. OJK chairman Mr Wimboh Santoso said that the life mutual has been operating its business well.

    Asia | 01 Feb 2019
  • Indonesia considers CAT bonds following recent tsunamis

    The Indonesian finance ministry is in continued talks about issuing CAT bonds to support disaster recovery efforts as the government lays out plans to protect the country against the impact of natural disasters better, according to media report.

    AIRPlus | 31 Jan 2019
  • Indonesia: Oldest insurer looks to restructure

    Officials say that state owned life insurer Asuransi Jiwasraya, which is currently facing liquidity problems, needs time for deep restructuring so that its finances can return to health.

    Asia | 31 Jan 2019
  • Indonesia: Great Eastern to sell 5% stake in local general insurance unit

    Singapore's Great Eastern group has entered into a share and purchase agreement to divest a minority stake in Indonesia insurance firm, QBE Indonesia, for around $1.4m. The sale is being undertaken to meet local shareholding requirements.

    Asia | 29 Jan 2019
  • Takaful prospects bright in Malaysia and Indonesia

    Malaysia's takaful segment will benefit from the government's push for affordable insurance and higher insurance penetration, particularly as Muslims dominate the country's population, while Indonesia's takaful industry is expected to benefit from developments in the broader shariah ecosystem over the long term, according to Fitch Ratings.

    Agents | 22 Jan 2019
  • Indonesia: Bancassurance life sales to grow 15-30% this year

    Bancassurance will continue to be a pillar in insurance distribution this year, given the channel's broad market share, said the Indonesian Life Insurance Association (AAJI).

    Agents | 22 Jan 2019
  • Indonesian insurers unlikely to be impacted by Dec tsunami

    The financial soundness of Indonesian insurers is not likely to be affected by the last month's tsunami in the Sunda Strait due to their appropriate catastrophe risk management and strong capital buffers, said Fitch Ratings. The ratings agency believes the industry will be able to absorb the resulting claim losses, which had the greatest impact on the coastal areas of Banten and Lampung, although profitability may be affected.

    AIRPlus | 21 Jan 2019
  • Indonesia: Insurers await policy guarantee legislation

    The insurance industry is awaiting legislation that would provide policyholders protection against the failure of insurance companies. A Policy Guarantee Bill is currently being drafted.

    Asia | 21 Jan 2019


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