Monday, February 26, 2018

Indonesia

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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Fairfax mulls acquisition of Indonesian insurer

Fairfax mulls acquisition of Indonesian insurer

The Canadian insurer is reportedly in advanced talks to acquire majority shares in the non-life unit of Paninvest.

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Allianz buoyed by demand for sharia policies in Indonesia

Allianz buoyed by demand for sharia policies in Indonesia

Allianz Life Syariah posted a 7.2% gross premium income increase in 2015, rising to US$56 million.

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Allianz hit by Indonesia’s troubled life market

Allianz hit by Indonesia’s troubled life market

Huge challenges in the country’s life market have taken a toll on the German insurer’s gross premium income.

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Indonesia mandates greater allocation to bonds

Indonesia mandates greater allocation to bonds

Domestic pension funds and insurers will be required to invest a minimum of 20% of their assets in bonds.

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Indonesian life insurers bullish on 2016 premium growth

Indonesian life insurers bullish on 2016 premium growth

Despite a weak local economy, life premiums are forecast to grow by about 15% — more than double last year’s rate.

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Sun Life acquires full control of Indonesian JV

Sun Life acquires full control of Indonesian JV

The US$42m deal, which is expected to close by September, gives it full control of CIMB Sun Life.

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Manulife Indonesia launches sharia-compliant life product

Manulife Indonesia launches sharia-compliant life product

The product is being launched in partnership with Islamic lender Bank Muamalat to widen its customer base.

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Indonesia’s healthcare dividend

Indonesia’s healthcare dividend

The ambitious universal healthcare scheme booked another deficit last year but is headed in the right direction.

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Strong growth for Indonesia’s general insurance sector

Strong growth for Indonesia’s general insurance sector

Growth is expected to be 15% to 20% this year, or about triple the 6.7% expansion posted last year.

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Unit-linked business forecast to still grow in Indonesia

Unit-linked business forecast to still grow in Indonesia

The Indonesian Life Insurance Association forecasts growth of 10% to 15% this year to more than US$6bn.

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Indonesia’s takaful accounts for 6.2% of insurance market

Indonesia’s takaful accounts for 6.2% of insurance market

Sharia insurance products now account for 6.2% of the country’s market by gross written premiums.

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AIG Indonesia launches trade credit insurance

AIG Indonesia launches trade credit insurance

The company is cashing in on the government’s plan to boost non-oil and gas commodity exports.

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Indonesia exempts unit-linked life products from new bond rules

Indonesia exempts unit-linked life products from new bond rules

Firms will soon be allowed to manage their own portfolios in government bonds independently.

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Nina Klingspor, Allianz Global Corporate & Specialty

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