AXA to expand farm insurance programme in Indonesia

June 9 2016 by InsuranceAsia News Staff

AXA is contemplating expanding its crop protection programme in Indonesia after the success of its pilot project in Malang, East Java.

Albertus Wiroyo, the president of Mandiri AXA General Insurance, told reporters that the good performance of the pilot could prompt the Paris-based insurer to offer the product more widely.

The project resulted in the registration of 1,000 farmers and 1,000 hectares in May and the program protects farmers from harvest failures due to weather risks, but not against pest infestation.

AXA currently owns four Indonesian subsidiaries in the insurance sector — AXA Life Indonesia, AXA Financial Indonesia, AXA Mandiri Financial Services and Mandiri AXA General Insurance.

The launch of the farm insurance program in Indonesia is part of the company’s continued effort to design and introduce protection programs that cater to the specific needs of different groups of people in the country, said Asuransi AXA Indonesia CEO Paul-Henri Rastoul.

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