Country: Indonesia Page 14 / 15
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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.
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- February 15 2016
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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- February 8 2016
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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- February 4 2016
Indonesia’s legislators seek limits on foreign ownership
No decision yet on threshold, says OJK, but existing majority owners are hoping for an exemption.
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- February 2 2016
Indonesian firms target country’s 88 million internet users
With just 2.5% insurance penetration, more companies are going online to win customers and boost premiums.
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- February 1 2016
Indonesia to limit foreign ownership to 30%
The country's insurance regulator announced its latest protectionist measure to reporters on Friday.
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- January 11 2016
Bank Rakyat Indonesia cancels sale of insurance arm
State-controlled lender has reportedly scrapped the sale of 40% stake in its life insurance arm.
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- January 7 2016
DBS, Manulife officially launch US$1.2bn bancassurance deal
The deal allows the Canadian insurer to distribute its products in DBS branches across the region.
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- December 30 2015
Indonesia to maintain premuim revenue growth in 2016
Life companies forecast to post a 20%-30% increase next year, according to AAJI
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- December 16 2015
Bank Rakyat Indonesia buys insurer for US$114m
Indonesia's second-largest lender is finalising its acquisition of Bringin Jiwa Sejahtera Life.
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- December 2 2015
ACE Life seeks up to 30% premium growth in Indonesia
The insurer has said that it will add more agents and partner with more banks next year.
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- November 27 2015
Indonesia growth to continue despite slowdown
Growth will be buoyed by the country's low penetration rate, improving risk awareness and rising population and affluence.
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- November 23 2015
Indonesia’s insurance industry forecast to grow in 2016
The Financial Service Authority has also forecast the insurance industry will grow significantly.
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- November 16 2015
Global insurers eye Paninvest’s insurance business
Italy's Assicurazioni Generali, Canada's Intact Financial and Hong Kong's FWD are among those interested.
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- October 29 2015
Insurers take brunt of Indonesia’s haze disaster
Indonesia's regulator foresees a rise in claims related to forest fires in the country's provinces.
