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.
On the sidelines of the 25th Indonesia Rendezvous last week, Asia Insurance Review sat down with Bindcover founder and CEO Victor Roy, to learn more about its crowd underwriting platform and its ultimate goal of creating a 'digital equivalent of the Lloyd's marketplace for Asia'.
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.