Tag: Insurance
Indonesia’s PasarPolis Get Funding US$5M from IFC
JAKARTA (TheInsiderStories) - An insurtech firm, PasarPolis, announced has raised US$5 million in equity finance from International Finance Corporation (IFC), the company announced today. With...
Indonesia’s Astra Controls Astra Life After Acquires Another 49.99% Shares
JAKARTA (TheInsiderStories) - PT Sedaya Multi Investama, the unit of conglomeration firm, PT Astra International Tbk (IDX: ASII) has acquired 49.99 percent stake of PT Astra Aviva Life...
Tjokrosaputro, Hidayat Sentences for Life and Fined US$1.14B
JAKARTA (TheInsiderStories) - The panel of judges sentenced president director of PT Hanson Internasional Tbk (IDX: MYRX), Benny Tjokrosaputro, and chairman of PT Trada Alam...
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’s Kresna Life Get Sanction from FSA
JAKARTA (TheInsiderStories) - After experiencing a default, the Financial Services Authority (FSA) issued a Business Activity Restriction sanction to Indonesian life insurance firm, PT Asuransi...
Indonesia’s Taspen Life Acquires Jiwasraya Putra for US$183M
JAKARTA (TheInsiderStories) - State insurance firm, PT Taspen Life will acquires 70 percent shares of PT Asuransi Jiwasraya Putra for Rp2.6 trillion (US$183.09 million), said the...
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...
