Country: Indonesia Page 10 / 14
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- June 22 2018
IAG in Asia retreat
Earnings volatility has driven the Aussie insurer to exit its businesses in Thailand, Indonesia and Vietnam.
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- May 24 2018
Indonesia affirms 80% ownership cap on foreign insurers
Overseas insurers that control more than the cap will be allowed to continue to operate.
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- March 19 2018
Rescue plan for Indonesian life insurer collapses
Evergreen's planned rescue of the embattled Bumiputera has failed after disagreements over funds.
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- March 5 2018
Indonesian regulator highlights low penetration
The domestic insurance market is valued at just 2.99% of the country's gross domestic product, says OJK.
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- March 2 2018
Three Indonesian unicorns to invest in insurtech startup
The three billion-dollar startups are looking to invest in PasarPolis, an online insurance portal.
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- February 15 2018
Bank Danamon considers selling stake in insurance subsidiary
The Indonesian bank's insurance subsidiary is attracting interest from foreign investors.
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- February 14 2018
Great Eastern mulls expansion in Indonesia, Thailand
The insurer’s goals include becoming one of the 10 biggest insurers in Indonesia within the next five years.
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- January 31 2018
Penetration improving in India but still lower than neighbours
At 3.49%, insurance buying in the country is up significantly from 2.7% in 2001, though still lags China.
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- January 16 2018
Fintech start-up Jirnexu banks on insurance as growth driver
The South-East Asian financial technology startup has said that insurance will account for up to 30% of its growth.
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- January 15 2018
CBA eyes selling stake in Indonesian venture
The sale of a majority stake in Commonwealth Life could value the insurer at up to US$250m.
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- December 11 2017
Vietnam suffers rare US$1bn loss after Typhoon Damrey
This year marks the first time since 1993 that Vietnam has had a season with a Cat 2 and 3 typhoon landfall.
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- November 23 2017
Allianz Global Corporate & Specialty expands in China, Indonesia
The business has started operations in Beijing and Jakarta to meet growing demand in the corporate insurance segment.
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- October 2 2017
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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- September 29 2017
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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- July 25 2017
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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- July 19 2017
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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- July 4 2017
Fitch sees further growth in Indonesia’s insurance sector
The rating agency forecasts significant benefits from recent positive economic developments.
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- June 16 2017
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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- June 1 2017
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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- April 3 2017
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.
