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Indonesia’s General Insurance Premiums Grow 10% in 2019

JAKARTA (TheInsiderStories) - Indonesian General Insurance Association predicts that general insurance premiums could grow 10 percent this year to Rp 77 trillion (US$5.5 billion),...

Indonesia’s Commercial Insurance Grow 8.9% in 2019

JAKARTA (TheInsiderStories)- The Financial Services Authority (FSA) reported that the growth of Indonesia' commercial insurance premium during 2019, rose 8.0 percent to Rp281.2 trillion (US$20.09 billion)...

Indonesia’s Life Insurance Reached US$10.26B in Third Quarter

JAKARTA (TheInsiderStories) - Total life insurance premium in Indonesia reached of Rp143.7 trillion (US$10.26 billion) in the third quarter (3Q) of 2019, the association told the...

Indonesian SOEs Set up New Insurance Firm with Jiwasraya

JAKARTA (TheInsiderStories) - Four Indonesian state-owned companies (SOEs) joined with PT Jiwasraya, set up an insurance company, said the government official today (09/30). The majority of PT Jiwasraya...

Indonesia’s Life Insurance Revenues Rose 31.9% in Q2 2019

JAKARTA (TheInsiderStories) - The Association of Indonesian Life Insurance reported total life insurance revenues in the second quarter (2Q) of 2019 rose 31.9 percent to...

Asian Insurance Market Forecast to Rebound This Year

JAKARTA (TheInsiderStories) - Asia's insurance market, except Japan, will see premium growth rebound in 2019, propelling premium growth to almost 11 percent, according to...

Indonesian Life Insurance Income Drops 84.5% Percent in 2018

JAKARTA (TheInsiderStories) - The Association of Indonesian Life Insurance recorded returns on investment income over the past year plunged 84.5 percent from Rp50.45 trillion in...

Income of Indonesian Life Insurance Slowing Down in 3Q 2018

JAKARTA (TheInsiderStories) - The Indonesian Life Insurance Association noted that total revenue from life insurance in the third quarter (3Q) of 2018 slowed 15.5...

Indonesia’s Bank Danamon Sells 70% shares of Insurance Unit to Switzerland’s Zurich Insurance

JAKARTA (TheInsiderStories) - Indonesia’s fifth-largest bank by market capitalization,  PT Bank Danamon Indonesia Tbk (IDX: BDMN) announced that it has signed a conditional sale...

U.S Prudential Finance, CT Corp Creates Life Insurance JV

JAKARTA (TheInsiderStories) - Pruco Life Insurance Company, subsidiary of Prudential Financial, Inc. (PFI), has acquired a 49 percent interest in CT Corp’s wholly-owned life insurance...

Indonesia’s Jiwasraya Ready to Pay Claims US$25M on Monday

JAKARTA (TheInsiderStories) - PT Asuransi Jiwasraya, a state-owned insurance firm has raised funds Rp400 billion (US$25 million) from bond sales to other parties, said deputy...

FSA Considers to Limits Bancassurance Businesses in Indonesia

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) plans to limit bancassurance products marketed by banks. The policy was taken followed the state-owned insurance firms,...

Indonesia’s Authority Prepares Stimulus to Support the Economy

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) prepares a stimulus to maintain national economic growth as a countercyclical policy in anticipation of down-side risk from...

Indonesia’s FSA Targets Total Emission US$14B in 2020

JAKARTA (TheInsiderStories) - Indonesian regulator, Financial Services Authority (FSA) targeting total emissions in the capital market to reach Rp200 trillion (US$14.29 billion) and 70 issuer become...

Get Permit, Axa Indonesia and Mandiri Axa Officially Merged

JAKARTA (TheInsiderStories) - Two insurance firm under French' AXA Group, PT Mandiri AXA General Insurance (MAGI) and PT Asuransi AXA Indonesia (AGI) officially merged, after...

Indonesia’s Capital Outflow Reached US$887M in August

JAKARTA (TheInsiderStories) - Indonesia' Financial Services Authority (FSA) noted, foreign investors recorded a net sell of up to Rp12.6 trillion (US$887.32 million) in the...

Indonesia’s Sinarmas MSIG to Conduct IPO, Eyes US$363M

JAKARTA (TheInsiderStories) -The subsidiary of Sinarmas Group, PT Asuransi Jiwa Sinarmas MSIG aimed to conduct an initial public offering (IPO) by releasing 420 million...

Singapore’s LMIRT Prices US$250M Five-year Bond at 7.25%

JAKARTA (TheInsiderStories) - Lippo Malls Indonesia Retail Trust (LMIRT) priced a US$250 million five-year bond offering at 7.25 percent, in Asia’ first US Dollar high-yield bond...

Indonesia to Improves Its Shipping Industry With New Blockchain

JAKARTA (TheInsiderStories) – Singapore-based block chain firm PLMP Fintech Ltd., and PT Central Distribusi Batam will participate in a multi-million logistics project in partnership...

Indonesia’s Bumiputera Realigned President Director Desk

JAKARTA (TheInsiderStories) – Indonesian insurance company, PT AJB Bumiputera 1912 has realigned the management structure by terminating President Director Sutikno Sjarif, after the Financial Services Authority (FSA)...

Global Uncertainty Pushes Foreign Capital Out from Indonesia US$953M

JAKARTA (TheInsiderStories) - Indonesia's Financial Service Authority (FSA) noted foreign capital out from the country reached US$953.47 million (Rp13.73 trillion) since the beginning of...

Batam Indonesia Free Zone Authority to Manage by Regional Government

Jakarta (TheInsiderStories) -- In a limited meeting in the President office, Joko Widodo decided the Batam Indonesia Free Zone Authority (BIFZA) will manage by the...

Singapore’s Great Eastern to Acquire 100% of QBE Indonesia Shares

JAKARTA (TheInsiderStories) - Singapore' Great Eastern Holdings Ltd., through its unit, Great Eastern General Insurance Ltd., has entered into a sale and purchase agreement...

Taiwanese Pegatron Moves Factory to Indonesia as Trade War Bites

JAKARTA (TheInsiderStories) — The ongoing trade war between the United States (US) and China has impacted Taiwanese Pegatron Corp., who have decided to move one...

Indonesia’s AJB Bumiputera has New Management

JAKARTA (TheInsiderStories) -In the midst of chaotic disbursement of insurance claims, PT AJB Bumiputera 1912 picked four the new management Sutikno Sjarif, Yusuf Budi Baik, Sri...

Indonesia Stock Exchange Sets Stagnant Targets in 2019

JAKARTA (TheInsiderStories) - Not so optimistic. Indonesia Stock Exchange (IDX) extraordinary shareholders meeting, Thursday, targeted 2019’s daily stocks transaction for Rp9 trillion (US$600 million), an idle...

Hong Kong’s TNG Fintech Acquires Walletku for Undisclosed Amount

JAKARTA (TheInsiderStories) - TNG FinTech Group, Hong Kong-based financial technology company, announces the acquisition of Indonesian based PT WalletKu Indompet Indonesia (WalletKu) for undisclosed amount. As an...

Indonesia’s FSA Rates Stability Is Maintained In The Midst Of Financial Market Pressure

JAKARTA (TheInsiderStories) - Financial Services Authority (FSA) board of commissioner meeting assessed that the stability of the financial services sector and liquidity conditions in the...

Indonesia’s FSA: Bank Loan Rises Double in June 2018

JAKARTA (TheInsiderStories)--Indonesia's Financial Service Authority (FSA) reported bank loan grew 10.75 percent (year on year) in June higher than previous month rose 10.26 percent. Meanwhile, the...

Policy Review: Indonesia Begs Loans from World Bank to Fund LRT Projects

JAKARTA (TheInsiderStories - The World Bank is reportedly offering the Indonesian government a loan to fund the country’s light rail transit (LRT) developments, said transportation...