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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...

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...

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...

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...

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...