Tuesday, December 12, 2017

Indonesia

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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Etiqa to acquire majority stake in Indonesian insurer

Etiqa to acquire majority stake in Indonesian insurer

The deal with general insurer Asuransi Asoka Mas will provide Etiqa with access to Indonesia’s untapped market.

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AIA eyes infrastructure investments in Indonesia

AIA eyes infrastructure investments in Indonesia

The country needs US$400b to fund projects until 2020, most of which will come from private investors.

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Indonesia urged to use cat bonds

Indonesia urged to use cat bonds

The SE Asian nation is the latest country to be urged to transfer risk via capital markets.

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Zurich eyes bancassurance growth in Indonesia

Zurich eyes bancassurance growth in Indonesia

More growth in bancassurance business is expected as Zurich Topas Life partners with Bank CTBC Indonesia.

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Indonesia’s Bumiputera on the hunt for buyers

Indonesia’s Bumiputera on the hunt for buyers

The company is nearing the end of a long restructuring process aimed at meeting its growing obligations.

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Big growth for Indonesia’s healthcare industry

Big growth for Indonesia’s healthcare industry

The sector is expected to grow to more than US$50bn by 2020 as the government upgrades the nation’s healthcare.

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Indonesian insurer eyes one million clients by 2017

Indonesian insurer eyes one million clients by 2017

Finansial Wiramitra Danadyaksa hopes to engage one million clients in its new single premium life insurance.

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No slowdown in Indonesia’s regulatory zeal

No slowdown in Indonesia’s regulatory zeal

The president has approved plans to create holding companies for state-owned enterprises, eventually including entities for insurance.

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OJK expected to oversee Fairfax-AMAG merger

OJK expected to oversee Fairfax-AMAG merger

Regulatory supervision may be slowing the Canadian firm’s plans to acquire general insurer Asuransi Multi Artha Guna.

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Sun Life Financial buys CIMB Sun Life

Sun Life Financial buys CIMB Sun Life

The Malaysian group has reportedly agreed to divest its entire stake in the joint venture for US$41.8m in a deal signed in March.

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Manulife Indonesia to spin off sharia unit

Manulife Indonesia to spin off sharia unit

To expand its market share, the Canadian insurer intends to spin off its sharia business unit.

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Fairfax buys 80% interest in Indonesia’s AMAG

Fairfax buys 80% interest in Indonesia’s AMAG

The deal is expected to be closed by the end of the fourth quarter of 2016.

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First parametric solution for Indonesian provinces

First parametric solution for Indonesian provinces

Aswata, Mercy Corps and Swiss Re introduce solution for microfinance institutions in Aceh and West Sumatra.

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AXA to expand farm insurance programme in Indonesia

AXA to expand farm insurance programme in Indonesia

AXA may offer crop insurance more widely after the success of its pilot project in Malang, East Java.

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Double-digit growth forecast for Indonesia this year

Double-digit growth forecast for Indonesia this year

PwC says respondents to its recent survey predict the industry’s growth could be as high as 15%.

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Philippine insurance regulator named first Mefin head

Philippine insurance regulator named first Mefin head

Emmanuel Dooc will chair the newly created Mututal Exchange Forum on Inclusive Insurance in Asia.

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