Country: Indonesia Page 11 / 13
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- August 19 2016
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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- July 15 2016
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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- July 5 2016
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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- July 4 2016
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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- June 29 2016
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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- June 17 2016
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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- June 9 2016
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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- June 3 2016
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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- June 3 2016
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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- May 19 2016
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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- May 12 2016
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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- May 3 2016
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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- April 26 2016
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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- March 30 2016
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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- March 29 2016
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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- March 21 2016
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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- March 4 2016
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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- March 4 2016
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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- March 1 2016
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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- February 19 2016
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.
