The Opportunity of Insurance Business Acceleration in Indonesia

The Financial Services Authority (OJK) is in discussions about establishing a mandated insurance consortium that would involve multiple companies.

Pernita Hestin Untari

25 Okt 2023 - 18.26
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The Opportunity of Insurance Business Acceleration in Indonesia

The female employee is working near the logos of insurance companies at the Indonesian Life Insurance Association (AAJI) office in Jakarta. Bisnis-Arief Hermawan P

Bisnis, JAKARTA — The concept of creating a mandated insurance consortium, which has been introduced by the regulatory authority, provides opportunities for expanding market reach and enhancing public awareness when it comes to accessing insurance protection products.

The Financial Services Authority (OJK) is currently in discussions regarding the establishment of a mandated insurance consortium that would involve multiple companies. 

President Director of PT Asuransi Wahana Tata (Aswata) Christian Wanandi has expressed optimism about the mandated insurance program's potential to boost public awareness about insurance. 

“This consortium model is highly beneficial for the health of the insurance industry and achieving insurance objectives,” he assured Bisnis on Tuesday (10/24/2023).

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Ibeth Nurbaiti
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