Micro-insurance market (microinsurance) in Indonesia is quite large which until now still has not entered both local and foreign insurance, because the 238 million population is only about 5 million who have insurance.
"The insurance market in the country, made the Indonesian Life Insurance launches new product micro-insurance (microinsurance) for the economically weak," said Managing Director of Allianz Life Indonesia, Jens Reisch, told reporters in Jakarta, Thursday (24/08).
According to him, the launch of the first insurance product mikor it aims to bridge the gap between demand and supply of microinsurance in Indonesia.
We are optimistic that our customers can reach the market until as many as 50,000 people cope, to see the remaining time was only four months, let alone insurance has not been much coming into this segment "he said.
The launch was previously produki based on market studies GTZ-UNDP-Allianz that market demand for low-very high class, but insurance means lower economic groups is lacking.
Moreover, of the total population of Indonesia is included in group insurance programs only reached around 20 million people, he said.
He said that micro-insurance products offered in the trial at this year called "Family Umbrella" and offers Rp6.000 life insurance premiums per year.
"Umbrella asuansi soul family offers loans with a few additional benefits that customers who take out loans when meninggak, then the remaining loan balance will be covered by insurance and the family he left nothing to worry about the remaining payments continue," he said.
Products will be managed by partners such as rural banks, Credit Unions and non-governmental institutions. Loans disbursed by these institutions ranged from 500 thousand to Rp 10 million, he said.
Jen Reisch further said, there are three tujuna of this project, exploring new segments to enlarge its customer base, to support government programs to the general public gain easy access to insurance protection and social responsibility and business opportunities in the future.
Allianz is currently processing the policy set of customer credit issued totaling 18,500 Credit Unions, because Allianz is optimistic customers will be able to reach at 50,000 people this year, comprising 30,000 of life insurance and health insurance, 20,000.
This product was previously offered by Allianz in India that has had as many as 80,000 customers, he explained.
Asked about their customers, according to him, Allianz has a customer as much as 15 million people who can be achieved every year between 100,000 to 300,000 people per year.
"We are optimistic that the number of customers will be increased along with the launch of mircoinsurance a very promising market," he said.
Agents will still be the mainstay insurance Product Sales
Current life insurance industry has opened a lot of marketing distribution channels, including through the "bancassurance", despite that, the agent remains a mainstay in third party funds.
"The agency remains the mainstay for raising premiums. Look at the year 2003, from 76,093 agents from 50 insurance companies (17 local joint ventures and 33) managed to capture the premium Rp13, 765 billion," said Chairman of the Indonesian Life Insurance Association (AAJI) Evelina F Pietrusckha, in Jakarta, Friday (13 / 5).
For that, said Evelina, the quality of the agents as the spearhead of marketing insurance products should continue to be improved, including equipping them with the licensing agency.
"It is important to give a good image for the agency." In addition to improving quality, he said, the agents also need to get an appreciation for their hard work with such award bestowed on him.
"Giving this award to encourage the agents to collect deposits more at once to show the public that the agent could earn billions every year. If a potential agent, could have a larger income from the directors of the company where he works," said Evelina.
On that basis, AAJI back will hold a Top Agent Award for the 19th which will berlangsungkan 9-10 May 2005 in Bali as a venue for prestigious national awards in the life insurance industry.
Chairman of the Executive Committee, Walia said Jimmy TAA, TAA this time is The New Horizon of Selling. "Thema was removed because the current way of selling insurance through changes. To be able to sell a product, an insurance agent must have a license agency."
This, he says, represents a new paradigm in national life insurance industry. With the license, the insurance agent is expected to be more professional in selling or providing service to customers so that a proper selection of these themes.
Chairman AAJI Pietrusckha Evelina F fully supports the holding of TAA 2005 because this event can be used as a means of communication and improve the standardization of quality agents as well as a means of appreciation of the success of the national insurance agency.
"As the spearhead of companies, insurance agents also contribute to assist the government in social welfare of the community through family financial planning," said Evelina.
According to Jimmy, this time to prepare TAA 7 categories include Agent of the Year, Best Quality Producer, Best Productive Senior Producer, Top Income, Top Premium and Top Policy. "Special Group Insurance Premium Downloadable put up one category," said Jimmy.
In addition to giving gifts, TAA is also used as a platform to motivate the agents of life insurance through self-development seminar that presents a motivator James Gwee.
"The agency remains the mainstay for raising premiums. Look at the year 2003, from 76,093 agents from 50 insurance companies (17 local joint ventures and 33) managed to capture the premium Rp13, 765 billion," said Chairman of the Indonesian Life Insurance Association (AAJI) Evelina F Pietrusckha, in Jakarta, Friday (13 / 5).
For that, said Evelina, the quality of the agents as the spearhead of marketing insurance products should continue to be improved, including equipping them with the licensing agency.
"It is important to give a good image for the agency." In addition to improving quality, he said, the agents also need to get an appreciation for their hard work with such award bestowed on him.
"Giving this award to encourage the agents to collect deposits more at once to show the public that the agent could earn billions every year. If a potential agent, could have a larger income from the directors of the company where he works," said Evelina.
On that basis, AAJI back will hold a Top Agent Award for the 19th which will berlangsungkan 9-10 May 2005 in Bali as a venue for prestigious national awards in the life insurance industry.
Chairman of the Executive Committee, Walia said Jimmy TAA, TAA this time is The New Horizon of Selling. "Thema was removed because the current way of selling insurance through changes. To be able to sell a product, an insurance agent must have a license agency."
This, he says, represents a new paradigm in national life insurance industry. With the license, the insurance agent is expected to be more professional in selling or providing service to customers so that a proper selection of these themes.
Chairman AAJI Pietrusckha Evelina F fully supports the holding of TAA 2005 because this event can be used as a means of communication and improve the standardization of quality agents as well as a means of appreciation of the success of the national insurance agency.
"As the spearhead of companies, insurance agents also contribute to assist the government in social welfare of the community through family financial planning," said Evelina.
According to Jimmy, this time to prepare TAA 7 categories include Agent of the Year, Best Quality Producer, Best Productive Senior Producer, Top Income, Top Premium and Top Policy. "Special Group Insurance Premium Downloadable put up one category," said Jimmy.
In addition to giving gifts, TAA is also used as a platform to motivate the agents of life insurance through self-development seminar that presents a motivator James Gwee.
Will Insurance Companies Estimate Infobank falling
Infobank Research Bureau estimates that the plan the Department of Finance (MOF) to create architecture Insurance Indonesia will cause `autumn 'for insurance companies, which would be the reduction in strong companies that have capital and the demise of insurance capital is less.
"Costs of capital are becoming increasingly important because it relates to the business of insurance companies that are absorbing the risk. The role of capital will be clearer when the Indonesian Insurance Architecture becomes a reality," said Director of Research Bureau InfoBank, Eko B. Supriyanto, in the event announcement "Insurance 134 Rating InfoBank version 2005", in Jakarta, Monday (20 / 6).
Previously, insurance companies also fell after the Treasury Department as an insurance regulator stressed the importance of capital for insurance companies or so-called "risk-based capital" (RBC) or capital adequacy ratio.
Regulations are strictly enforced beginning in December 2004 has caused as many as 14 insurance companies permit has been revoked by the Ministry of Finance.
Described According to the Bureau of Research, until the end of 2004 insurance companies are not able to meet the 120% RBC is twofold. But that does not remove the balance sheet or financial statements of the publication there are nine life insurance companies and six general insurance companies.
"While that is still sanctioned restrictions on business activities or PKU there are four insurance companies," said Eko B. Supriyanto.
Apart from this, according to Eko, the insurance industry growth seen in Indonesia, where growth in gross premiums reached 33.08% of life insurance and general insurance premiums experienced perumbuhan 12.95% compared with the previous year.
"This means the insurance business continues to grow is actually still in the midst of starting the process of consolidation," said Eko.
Eko is also considered that the insurance companies getting better at choosing a strategy for its investment portfolio, where the portfolio is no longer dominated by deposits.
"The portion of these deposits is now 25.45%, followed by investments in stocks and bonds, 24.66% and marketable securities amounting to 20.46%. Meanwhile, mutual funds and direct investments respectively 10.14% and 10.74%," Eko said.
Described from a study of Bureau of Research, Insurance Rating Methodological approaches to financial statements 10 criteria: RBC, liquidity ratio, the ratio of technical reserves with current assets, the ratio of premiums to the premium reserve retention, changes in gross premium income, premium retention ratio itself with its own capital, investment ratio of technical reserves plus debt claims, the ratio of net claims expenses to net premiums, the ratio of revenue expenses with revenue, and the ratio of average income with their own capital.
"Costs of capital are becoming increasingly important because it relates to the business of insurance companies that are absorbing the risk. The role of capital will be clearer when the Indonesian Insurance Architecture becomes a reality," said Director of Research Bureau InfoBank, Eko B. Supriyanto, in the event announcement "Insurance 134 Rating InfoBank version 2005", in Jakarta, Monday (20 / 6).
Previously, insurance companies also fell after the Treasury Department as an insurance regulator stressed the importance of capital for insurance companies or so-called "risk-based capital" (RBC) or capital adequacy ratio.
Regulations are strictly enforced beginning in December 2004 has caused as many as 14 insurance companies permit has been revoked by the Ministry of Finance.
Described According to the Bureau of Research, until the end of 2004 insurance companies are not able to meet the 120% RBC is twofold. But that does not remove the balance sheet or financial statements of the publication there are nine life insurance companies and six general insurance companies.
"While that is still sanctioned restrictions on business activities or PKU there are four insurance companies," said Eko B. Supriyanto.
Apart from this, according to Eko, the insurance industry growth seen in Indonesia, where growth in gross premiums reached 33.08% of life insurance and general insurance premiums experienced perumbuhan 12.95% compared with the previous year.
"This means the insurance business continues to grow is actually still in the midst of starting the process of consolidation," said Eko.
Eko is also considered that the insurance companies getting better at choosing a strategy for its investment portfolio, where the portfolio is no longer dominated by deposits.
"The portion of these deposits is now 25.45%, followed by investments in stocks and bonds, 24.66% and marketable securities amounting to 20.46%. Meanwhile, mutual funds and direct investments respectively 10.14% and 10.74%," Eko said.
Described from a study of Bureau of Research, Insurance Rating Methodological approaches to financial statements 10 criteria: RBC, liquidity ratio, the ratio of technical reserves with current assets, the ratio of premiums to the premium reserve retention, changes in gross premium income, premium retention ratio itself with its own capital, investment ratio of technical reserves plus debt claims, the ratio of net claims expenses to net premiums, the ratio of revenue expenses with revenue, and the ratio of average income with their own capital.
Indonesia Insurance agents isolated in the International
The insurance agent from Indonesia, until now still isolated on the international community because the meeting has not yet asossiasi registered as a member of Asia Pacific Financial Services Association (APFSA), an association of the soul asuansi agents in Asia Pacific.
Not yet registered life insurance agents, said Ida Kurainy, associate director Ida Kurainy, after a featured speaker at the Congress Aplic / Asia Pacific Life to the 8th Congress in Genting, Malaysia, Sunday, because in Indonesia there is no special association life insurance agent.
In Indonesia, according to Ida, who was just like the Insurance Companies Association of Indonesian Life Insurance Association (AAJI) General Insurance Association of Indonesia (AAUI). Both institutions were not only represents insurance companies in the insurance agent. "Therefore, the formation of the association agent in Indonesia is very urgent," said Ida.
He demonstrated the existence of associate agents in Malaysia. "Here, there are life insurance agents association namely Namlifa (National Association of Malaysian Life Insurance and Financial Advisors), while associations of insurance companies is Liam (the Association of Malaysian Life Insurance)." In Indonesia there is only AAJI so that we can not represent Indonesia Aplic meeting that, "he said.
Number of members APFSA currently 18 countries in Asia Pasific.Selain Vietnam, Indonesia is the only country in ASEAN that are not yet members APFSA. Therefore, according to him, Indonesia needs to immediately make the association of life insurance agents are not isolated from the community to an international meeting like the meeting Aplic today.
"The number of agents in Indonesia are now more than 80 thousand of agents, but do not have a clear container so that if there are agents who have a problem, such as an agent of Prudential Life, and other insurance companies, there is no advocacy, legal and moral defense of the associations concerned. Conversely, if there are insurance agents who violate the code of ethics, then no sanctions, "he said.
Answering questions from AFP, he said, "My presence as a speaker here, just because intercourse alone and my ability in the field of life insurance. Therefore, I am sad to see many participants from Indonesia, about 100 people joined the meeting an agent here, the personal name which does not represent a nation.
Aplic meeting attended by about 10,000 people in Genting's agents, he said, enough to contribute to the tourism industry, because in addition to agents who joined the Congress, it turns out they also bring the family.
"If Indonesia has a container of insurance agents and registered as a member APFSA, it can be proposed Indonesia as the host at a gathering of life insurance agents who carried out once every two years," he said, adding, introduction to Indonesia through international forums to be done. Meanwhile, a number of Indonesian life insurance agents, like Michael and Janet, who took part in the meeting, wants the establishment of a container agents.
"We hope that, by 2009 Indonesia will host the meeting this Aplic, home this year, Indonesia already has life insurance agents association," said Michael.
Not yet registered life insurance agents, said Ida Kurainy, associate director Ida Kurainy, after a featured speaker at the Congress Aplic / Asia Pacific Life to the 8th Congress in Genting, Malaysia, Sunday, because in Indonesia there is no special association life insurance agent.
In Indonesia, according to Ida, who was just like the Insurance Companies Association of Indonesian Life Insurance Association (AAJI) General Insurance Association of Indonesia (AAUI). Both institutions were not only represents insurance companies in the insurance agent. "Therefore, the formation of the association agent in Indonesia is very urgent," said Ida.
He demonstrated the existence of associate agents in Malaysia. "Here, there are life insurance agents association namely Namlifa (National Association of Malaysian Life Insurance and Financial Advisors), while associations of insurance companies is Liam (the Association of Malaysian Life Insurance)." In Indonesia there is only AAJI so that we can not represent Indonesia Aplic meeting that, "he said.
Number of members APFSA currently 18 countries in Asia Pasific.Selain Vietnam, Indonesia is the only country in ASEAN that are not yet members APFSA. Therefore, according to him, Indonesia needs to immediately make the association of life insurance agents are not isolated from the community to an international meeting like the meeting Aplic today.
"The number of agents in Indonesia are now more than 80 thousand of agents, but do not have a clear container so that if there are agents who have a problem, such as an agent of Prudential Life, and other insurance companies, there is no advocacy, legal and moral defense of the associations concerned. Conversely, if there are insurance agents who violate the code of ethics, then no sanctions, "he said.
Answering questions from AFP, he said, "My presence as a speaker here, just because intercourse alone and my ability in the field of life insurance. Therefore, I am sad to see many participants from Indonesia, about 100 people joined the meeting an agent here, the personal name which does not represent a nation.
Aplic meeting attended by about 10,000 people in Genting's agents, he said, enough to contribute to the tourism industry, because in addition to agents who joined the Congress, it turns out they also bring the family.
"If Indonesia has a container of insurance agents and registered as a member APFSA, it can be proposed Indonesia as the host at a gathering of life insurance agents who carried out once every two years," he said, adding, introduction to Indonesia through international forums to be done. Meanwhile, a number of Indonesian life insurance agents, like Michael and Janet, who took part in the meeting, wants the establishment of a container agents.
"We hope that, by 2009 Indonesia will host the meeting this Aplic, home this year, Indonesia already has life insurance agents association," said Michael.
PT. Bakrie Telecom Cooperation With Mega Life Insurance
PT. Bakrie Telecom and PT. Mega Life Insurance provides insurance protection to customers who use the feature Upland Esia (features used by customers when out of town).
"The increasing usage of Esia Upland, then we want to provide better service to loyal customers by providing protection Esia personal accident insurance," said Vice President Director of PT. Bakrie Telecom, Erik Meijer, in Jakarta, Wednesday (03 / 6).
These facilities, he said, automatically given to the customer after the customer to enable Esia Upland.
He said Bakrie Telecom in liaison with Mega Life provides personal accident protection program worth Rp1 million, for 45 days for customers who activate Esia Upland.
In addition, he said, there are also additional program that is personal accident insurance cover worth Rp50 million over 30 days, to customers who successfully recommends a new Esia customers.
"For those customers who were also recommended to get personal accident insurance cover worth Rp10 million after those customers refill at least Rp10 thousand," he said.
He said, customers who successfully recommends a new customer will also get bonus talktime on-net calls and SMS Rp5.000, each perekomendasian successful.
According to him, the number of cities served by the more extensive Bakrie Telecom, Esia has presence in 69 cities across the country.
"More and more cities are served by the cooperation with Megalife Life Insurance will provide benefits to customers Esia because they're out of town are covered by free insurance," he said.
"The increasing usage of Esia Upland, then we want to provide better service to loyal customers by providing protection Esia personal accident insurance," said Vice President Director of PT. Bakrie Telecom, Erik Meijer, in Jakarta, Wednesday (03 / 6).
These facilities, he said, automatically given to the customer after the customer to enable Esia Upland.
He said Bakrie Telecom in liaison with Mega Life provides personal accident protection program worth Rp1 million, for 45 days for customers who activate Esia Upland.
In addition, he said, there are also additional program that is personal accident insurance cover worth Rp50 million over 30 days, to customers who successfully recommends a new Esia customers.
"For those customers who were also recommended to get personal accident insurance cover worth Rp10 million after those customers refill at least Rp10 thousand," he said.
He said, customers who successfully recommends a new customer will also get bonus talktime on-net calls and SMS Rp5.000, each perekomendasian successful.
According to him, the number of cities served by the more extensive Bakrie Telecom, Esia has presence in 69 cities across the country.
"More and more cities are served by the cooperation with Megalife Life Insurance will provide benefits to customers Esia because they're out of town are covered by free insurance," he said.
Michael Jackson Life Insurance Only U.S. $ 3 Million
The rumor that Michael Jackson's life insurance reached a value of U.S. $ 13 million more are untrue. Recently the party who appointed him to manage legacy treasure called only received some U.S. $ 3 million just from the life insurance.
John Branca and John McClain, two people appointed by the late Michael to complete the division of property inheritance and take care of everything After the death of Michael, decided immediately to take care of this insurance problem. Some speculate that these two men did not want to get life insurance he could not be disbursed if proven drugs are the cause of death of the deceased.
ContactMusic also mention that there is a possibility of AEG Live will lose the opportunity to get insurance payments that reportedly reached a value of U.S. $ 17.5 million because insurance does not include deaths from drug abuse problem. Autopsy leaks both Michael, it was said, it mentions that propofol was the cause of heart attacks experienced Michael who eventually claimed his life late last June.
John Branca and John McClain, two people appointed by the late Michael to complete the division of property inheritance and take care of everything After the death of Michael, decided immediately to take care of this insurance problem. Some speculate that these two men did not want to get life insurance he could not be disbursed if proven drugs are the cause of death of the deceased.
ContactMusic also mention that there is a possibility of AEG Live will lose the opportunity to get insurance payments that reportedly reached a value of U.S. $ 17.5 million because insurance does not include deaths from drug abuse problem. Autopsy leaks both Michael, it was said, it mentions that propofol was the cause of heart attacks experienced Michael who eventually claimed his life late last June.
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