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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...