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British’s Aviva Sell Full Stake in Indonesian JV to Astra

JAKARTA (TheInsiderStories) - Publicly listed company, PT Astra International Tbk (IDX: ASII) has acquired 50 percent shares of PT Astra Aviva Life from its...

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,...

Tjokrosaputro, Hidayat Owes US$757M to Indonesia’s ASABRI

JAKARTA (TheInsiderStories) - After making a loss to a state-owned company, PT Asuransi Jiwasraya, president director of PT Hanson International Tbk (IDX: MYRX) Benny...

Morning Briefing: Indonesia Considers to Allows Foreign Ownership in Insurance Firm...

JAKARTA (TheInsiderStories) – Indonesian government proposed "grand fathering" or an exception to Government Regulation Number 14 Year 2018 for foreign investors to have insurance...

Moody’s: Banks’s Creditworthiness Remain Stable Globally in 2019

JAKARTA (TheInsiderStories) - Solid, though decelerating, global economic growth will continue to support banks' creditworthiness in 2019, says Moody's Investors Service in a report published today (12/06). Geopolitical...

Policy Review: Govt. Affirms Cap on Foreign Ownership in Insurers

JAKARTA (TheInsiderStories) - Indonesia has enacted regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a...

AJB Bumiputera Rescue Faces Unwind

JAKARTA (TheInsiderStories) - Still hanging in the balance, the restructuring of Indonesia’s troubled AJB Bumiputera 1912 mutual insurance company has raised hard questions about...

PwC: Almost Half of SMEs Will Buy Insurance Online

JAKARTA (TheInsiderStories) - A growing number of small businesses say they are looking to interact with their insurers online, with 36 per cent saying...