Indonesia is the third-most spammed country in the world according to the latest Truecaller Insights Report published on 3 December 2019. The Swedish-based smartphone application Truecaller said this is a significant jump from last year's 16th position.
From 1 December government buildings in seismically-active Indonesia will be insured by a consortium of 56 insurance companies for the first time.
Indonesia's government and a consortium of 56 insurance companies have signed the first contract to protect state assets against disasters in the seismically active Southeast Asian country, reported Reuters.
Willis Towers Watson announced the appointment of Luke Ware as country leader for Indonesia, in addition to his current position as head of corporate risk and broking in Indonesia. Based in Jakarta, Mr Ware reports to Willis Towers Watson managing director, head of Southeast and South Asia Vivek Nath.
Zurich Insurance Group has successfully completed its acquisition of 80% of Asuransi Adira Dinamika (Adira Insurance) from Bank Danamon Indonesia and a minority investor, becoming the top international property & casualty (P&C) insurer in Indonesia.
The Indonesian government does not intend to bail out a state-owned life insurer that needs an injection of more than $2bn, reported Reuters.
SCOR subsidiary and InsurTech solutions provider ReMark has partnered with Indonesian insurer Sequis to develop the latter's online insurance business unit which has now been rebranded as 'Super You'.
The performance of insurance companies' shares listed on the Indonesia Stock Exchange (IDX) is arguably unattractive. Almost all shares of local insurance companies are illiquid or rarely traded by investors even though the growth potential of the domestic insurance industry is seen as very large.
Mrs Karin Zulkarnaen, Chief of Marketing, Allianz Life Indonesia, shares her secret recipes for success to achieve one's dream - whether an entrepreneur or professional - and the importance of financial literacy to achieving personal and societal goals.
Indonesia's state health insurer will raise regular customers' premiums starting on 1 January next year to plug a deficit in the universal health insurance system, reported Reuters.