The 25th Indonesia Rendezvous held last week kept its sights trained on the future with an emphasis on starting to prepare for it now.
The Indonesian General Insurance Association (AAUI) has outlined five steps that have to be taken for the non-life industry to have momentum in the next 25 years.
Newly formed insurer Jiwasraya Putra is looking for foreign investors, said Mr Gatot Trihargo, a deputy at the Ministry of SOEs (BUMN).
The growing deficit in Indonesia's national health insurance scheme BPJS Kesehatan can be largely attributed to the fact that 82% of households in the country lead unhealthy lifestyles, according to a report from Jakarta Globe citing health minister Nila Moeloek.
Reasuransi Indonesia Utama (Indonesia Re) has launched a research and training centre called the Indonesia Re Institute, in order to advance the national insurance industry.
The Ministry of State Owned Enterprises (BUMN Ministry) has confirmed that state owned life insurer Asuransi Jiwasraya and four non-insurance state-owned companies are shareholders of Jiwasraya Putra, a new subsidiary set up as part of the restructuring of Jiwasraya.
The Indonesian government is reconsidering an earlier proposal to increase premiums for the state health insurance scheme by as much as 65%, according to a Reuters report citing Indonesia's president Joko Widodo after he met with trade union leaders opposing the measure.
The Ministry of Finance (MoF) will soon sign an umbrella agreement with insurers to insure state owned property.
FM Global, one of the world's largest commercial property insurer, has announced that it will translate its fire and sprinkler-related property loss prevention data sheets into Bahasa Indonesia for distribution by the Indonesian Fire & Rescue Foundation (IFRF) across Indonesia's national fire services network. The data sheets include the company's property loss prevention engineering guidelines.
Indonesia's state health insurer is raising its premiums by at least 65% to plug a deficit expected to reach IDR32tn ($2.25bnn), reported Reuters.