BUSINESS INSURANCE: 3 Life Insurance Company Go To Micro Segment -
JAKARTA: Three life insurance companies started to go into micro-insurance market segments in the first half of 2012.
Chairman of the Life Insurance Association of Indonesia (AAJI) Hendrisman thus Rahim said there were six life insurance companies play in that segment.
According to him, the number of players in the micro segment of the life insurance industry increased following the implementation of a national seminar on micro-insurance at the end of last year.
He recognizes the contributions of micro segment is still small when compared to the overall value of premiums collected by the life insurance industry.
In the first half of this year, the acquisition of the life insurance premium micro market segment is projected not more than 10% of the total premium collected by alternative distribution channels, namely Rp 9 trillion.
Meanwhile, the total premium collected by the insurance industry iiwa reached Rp49, 7 trillion, grew over the same period last year.
However, he added, this market segment provides high kontrribusi the growing number of insured. The growth of micro segments likely to boost the level of insurance penetration in the country.
At this time there, he says, there are about two million - three million micro insurance insured or about 3% - 5% of the total insured amount of life insurance was 56.4 million.
"So far, only three life insurance companies that have been playing in the micro segment include Allianz, Bumiputera and Jiwasraya. However now started there other insurance that also go into this segment. Ultimately, the insurance companies have started to move down there [micro segment] , "he said Tuesday,
Judul: BUSINESS INSURANCE: 3 Life Insurance Company Go To Micro Segment
Ditulis oleh Ira Yuniarti
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