Sunday, November 19, 2017

Indonesia

Etiqa completes acquisition of Indonesian insurer

Etiqa completes acquisition of Indonesian insurer

Maybank’s wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.

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DBS and Chubb ink 15-year regional distribution deal

DBS and Chubb ink 15-year regional distribution deal

The bancassurance agreement covers five markets: Singapore, Hong Kong, Taiwan, Indonesia and China.

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Only 10% of Asian firms prepared for cyberattacks

Only 10% of Asian firms prepared for cyberattacks

Businesses in the region are ill-equipped against and not covered for cyber attacks, says QBE survey.

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Prudential Financial enters Indonesian life market

Prudential Financial enters Indonesian life market

The US-based insurer has bought a 49% stake in Asuransi Jiwa Mega Indonesia, a subsidiary of CT Corp.

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Fitch sees further growth in Indonesia’s insurance sector

Fitch sees further growth in Indonesia’s insurance sector

The rating agency forecasts significant benefits from recent positive economic developments.

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Indonesian life firms post huge premium growth

Indonesian life firms post huge premium growth

Premium income expanded 25.5% thanks to the popularity of unit-linked and traditional insurance products.

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Life premiums in Indonesia up 28%

Life premiums in Indonesia up 28%

Data released by the OJK shows that life insurers enjoyed solid premium growth in the first three months of this year.

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Aviva appoints CEO for China, Indonesia and Vietnam

Aviva appoints CEO for China, Indonesia and Vietnam

Randy Lianggara, who joined from AXA last year, takes on a newly created role to drive growth in these key markets.

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Indonesia urges insurers to buy government securities

Indonesia urges insurers to buy government securities

The Financial Services Authority says insurers should help offset the deficit in the state budget.

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Indonesia approves two new reinsurance brokers

Indonesia approves two new reinsurance brokers

The Financial Services Authority has issued operational licences to JLT Reinsurance Brokers and Inare Proteksi International.

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Life revenues up 50% in Indonesia

Life revenues up 50% in Indonesia

The hike in total premium revenues was complemented by growth in bancassurance segment revenues.

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Zurich, Chinese bank tie up on bancassurance

Zurich, Chinese bank tie up on bancassurance

Indonesian entity of Swiss giant partners with Bank of China to explore bancassurance services.

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Allianz and StanChart sign 15-year bancassurance deal

Allianz and StanChart sign 15-year bancassurance deal

The agreement gives access to the bank’s retail clients in Hong Kong, Singapore, Malaysia, Indonesia and China.

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Hanwa Life Indonesia mulls IPO in 2019

Hanwa Life Indonesia mulls IPO in 2019

The IPO is part of an effort to meet the regulator’s 80% foreign ownership limit for insurers.

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No buyers for troubled insurer Bumiputera

No buyers for troubled insurer Bumiputera

The Indonesian government is likely to consider state aid as efforts to find a strategic investor remain futile.

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Indonesia urged to fast-track policyholder protection

Indonesia urged to fast-track policyholder protection

The call was made following the replacement of the board of directors and commissioners of AJB Bumiputera 1912.

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Indonesia’s larger infra budget to benefit insurers

Indonesia’s larger infra budget to benefit insurers

Indonesia will see a bigger infrastructure budget for 2017 and it will be favourable to many insurers.

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Indonesia’s Jiwasraya eyes capturing younger market

Indonesia’s Jiwasraya eyes capturing younger market

The government-owned insurer looks to tap the younger market in its plan of digitalising its distribution and sales.

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