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Indonesia tag returned 387 results

  • Indonesia: Motor insurers face challenges from COVID-19-related restrictions

    The recent surge in COVID-19 cases in Indonesia, which led to the government tightening the rules and implementing emergency measures, has added to the woes facing the motor insurance business this year.

    Asia | 26 Jul 2021
  • Indonesia: Health insurance business grows

    The Financial Services Authority (OJK) has said that public awareness of health insurance is increasing during the COVID-19 pandemic.

    Asia | 19 Jul 2021
  • Indonesia: 1m bpd oil production target expected to fuel growth of energy insurance

    Energy insurance business in Indonesia is considered to hold good prospects with ongoing production activities and a projected increase in consumption. Insurance protection business is also considered to be boosted by a production target of 1m barrels of crude oil per day.

    Asia | 16 Jul 2021
  • Energy transition in power sector creating new risks

    Power companies are facing challenges arising from energy transition and the move to cleaner fossil fuels, according to Willis Towers Watson's (WTW) 2021 Power Market Review. These include how power companies need substantially to reduce their greenhouse gas (GHG) emissions (referred to as climate change mitigation) as well as ensuring the resilience of their assets and operations to the impacts of climate change (referred to as climate change adaptation).

    AIRPlus | 30 Jun 2021
  • Indonesia: Insurance sector urged to stand up for itself

    The Indonesian insurance industry will continue to stagnate, if it still has low bargaining power when dealing with other financial entities, especially banks and financing institutions, according to Mr Rimawan Pradiptyo, who is an independent commissioner of the state-owned insurer Jasa Raharja.

    Asia | 29 Jun 2021
  • Indonesia: Life insurer's bankruptcy decision being challenged

    Asuransi Jiwa Kresna (Kresna Life) has been declared bankrupt by the Supreme Court which granted a petition for the insurer's bankruptcy on 8 June 2021.

    Asia | 21 Jun 2021
  • Indonesia: Life insurance policyholder numbers fall but premiums rise in 1Q

    The COVID-19 pandemic has affected the insurance industry through its economic impact on businesses, with millions of customers redeeming or surrendering their life insurance policies.

    Asia | 16 Jun 2021
  • Indonesia: Insurance sector needs more capital and consolidation

    The potential for growth in the insurance industry in Indonesia is large, but the sector requires additional capital, consolidation and insurance specialists, according to Mr Fauzi Ichsan, president commissioner of the Indonesia Financial Group (IFG), a newly formed state-owned insurance and investment holding company.

    Asia | 08 Jun 2021
  • Indonesia: New state-owned life insurer seeks more funds

    Asuransi Jiwa IFG (or IFG Life) is seeking additional funds following the commencement last month of operations that include taking over the restructured portfolio of the financially stricken state-owned life insurer, Jiwasraya. The move is to ensure that IFG Life will be financially healthy.

    Asia | 03 Jun 2021
  • Indonesia: Troubled life insurer Jiwasraya to return insurance licence

    State owned Asuransi Jiwasraya's Restructuring Acceleration Team has said that it would return the insurer's business licence to the Financial Services Authority (OJK) after all customers' policies with the insolvent life insurer have been handled.

    Asia | 24 May 2021

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