Allianz Asia Pacific (Allianz) and The Hongkong and Shanghai Banking Corporation (HSBC) yesterday announced a 15-year extension of the bancassurance distribution agreement covering six markets in Asia.
The Indonesian Shariah Insurance Association (AASI) is urging the government to require collateral or guarantees to back the issuance of Islamic bonds or sukuk, so as to promote the development of the takaful sector.
The Financial Services Authority (OJK) is preparing regulations covering the marketing of insurance products through digital platforms, said Mr Riswinandi, the chief of the non-bank financial industry supervision department at the regulatory agency.
The Indonesian Life Insurance Association (AAJI) sees that the sector saw a fall in revenue in the first quarter of 2022, which was driven by a shift in consumers' perspective on buying life insurance.
A survey by Milieu Insight on 'Financial Independent, Retire Early' (FIRE) finds out how common the FIRE movement is among Southeast Asians.
The Indonesian Life Insurance Association (AAJI) says that life insurers have paid more than IDR9tn ($610m) for claims related to COVID-19 between the start of the pandemic in March and 31 March 2022.
Indonesia has raised $3.25bn by selling US dollar-denominated Islamic bonds in the country's biggest-ever global sukuk issuance, the Finance Ministry has said.
Deputy Minister of State-Owned Enterprises (SOEs) Mr Kartika Wirjoatmodjo has urged insurance companies to continue to transform amid current challenges.
A total of 2,112 buildings owned by government ministries and institutions have been insured to date, according to Mr Febrio Kacaribu, the head of the Finance Ministry's Fiscal Policy Agency.
The Financial Services Authority (OJK) has approved the establishment of a member representative body (BPA) for AJB Bumiputera 1912, one of Indonesia's oldest insurers, which has been struggling with insolvency for a number of years.