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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),...

Indonesian Bolster Up Local Non-Life Insurance Firm Enters ASEAN Market

JAKARTA (TheInsiderStories) – Indonesia' House of Representatives ratifies the Seventh Package of Commitments on Financial Services under the Association of Southeast Asian Nation Framework Agreement on Services...

Indonesia Not Collect Premium to Help Banks Face the COVID-19

JAKARTA (TheInsiderStories) - The Indonesian Deposit Insurance Corporation decided not to collect the guarantee premium from banks in the second semester, to help the industry manages...

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...

Indonesia’s Qoala Acquires Thai Insurtech FairDee

JAKARTA (TheInsiderStories) - Qoala, an insurance technology (insurtech) firm has acquired Thai-based insurtech company FairDee with undisclosed amount, the Indonesian company announced today. This adds its...

Singapore’s FWD Financial Holds 30% BRI Life Shares

JAKARTA (TheInsiderStories) - Singapore' FWD Financial Services Pte. Ltd., officially hold 29.86 percent shares of PT Asuransi BRI Life, the management of PT Bank Rakyat Indonesia Tbk...

Indonesia’s Bank Mantap Seeks US$140M from Bond Market

JAKARTA (TheInsiderStories) - PT Bank Mandiri Taspen (Bank Mantap), the unit of state-owned lender, PT Bank Mandiri Tbk (IDX: BMRI), seeks fresh funding of Rp2 trillion...

Singapore’s Zico, UOB Kayhan Increases Express Taxi Shares

JAKARTA (TheInsiderStories) - Singapore' investment firm, Zico Trust Ltd., increases its ownership in taxi operator, PT Express Transindo Utama Tbk (IDX: TAXI) after converted the mandatory...

Indonesia Lowering Deposit Guarantee Interest up to 50Bps

JAKARTA (TheInsiderStories) - The Deposit Insurance Corporation (DIC) lowering the deposit guarantee interest in Rupiah denominated by 50 basis points (bps) to 4.50 percent and...

Indonesia’s PasarPolis Raises Seris B Round US$54M

JAKARTA (TheInsiderStories) - Indonesia's insurtech firm, PasarPolis, has closed a Series B round with total amount US$54 million, said the CEO in a virtual conference....

House Proposes to Expand Indonesia Deposit Agency Function

JAKARTA (TheInsiderStories) - House of Representative proposed to Indonesian government to expanded the function of the Indonesian Deposit Insurance Corporation (IDIC), local media reported today (06/24)....

FSA: Fund Raising in the Capital Market US$1.83B Until April

JAKARTA (TheInsiderStories) - Financial Services Authority (OJK) reported in the fourth months of 2020, fund raising through the capital market worth of Rp28.3 trillion (US$1.83 billion)...

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...
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