Judges gathered online on the 6 May 2021 to deliberate and vote on worthy winners drawn from an impressive shortlist in the final round of judging for the 6th Asia Trusted Life Agents & Advisers Awards.
Insurance density in Indonesia has increased despite the COVID-19 pandemic, albeit at a slower pace, according to a senior official of the Financial Services Authority (OJK).
The COVID-19 pandemic has resulted in a decline in the average number of customers per year for investment-linked insurance products (PAYDI).
The Financial Services Authority (OJK) has held a meeting with several insurance companies and representatives of the Indonesian Life Insurance Association (AAJI) to ask for clarification regarding increasing customer complaints over unit-linked insurance plans (Ulips).
Tugu Reasuransi Indonesia (Tugure) is partnering with its holding company, Asuransi Tugu Pratama Indonesia (Tugu Insurance), to expand its business network to the international market.
The Financial Services Authority (OJK) has issued a regulation on the implementation of risk management in the use of information technology by non-bank financial institutions (NBFIs), including insurance companies.
Travel insurance business has remained small since the beginning of this year because of the impact of the ongoing COVID-19 pandemic, Christian Wirawan Wanandi, the president director of Asuransi Wahana Tata (Aswata), has said.
Indonesia-based omnichannel InsurTech Qoala has made a strategic acquisition of FairDee, a Thai InsurTech, with the new partnership further expanding Qoala's reach in Southeast Asia.
The Indonesian Shariah Insurance Association (AASI) says that it fully supports the establishment of a guarantor institution for policyholders in Indonesia.