Country Profile - Indonesia: Taming the Perils in Indonesia
Source: Asia Insurance Review | Feb 2008
Non-life insurers in Indonesia continue to be confronted by perils – both natural and man-made. Natural perils in the likes of earthquakes such as the ones in Yogyakarta and Central Java recently, volcanic eruptions such as the Merapi volcanic explosion, mud attack in Sidoarjo, tsunami in Pangandaran and not forgetting the devastating floods in Jakarta as well as man-made threats such as the fierce competition in the market and the seeming short-sightedness of most players plague the industry. In this segment focused on the non-life insurance market in Indonesia, Ms Irene Yeo, our Deputy Editor, speaks with several players in the market and finds out how they are taming these perils.
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