Indonesia General Insurance Association – The Indonesian General Insurance Association (Aaui) is convinced that 2024 The perspective of the Indonesian insurance industry is supported by the results of economic growth. (CNN Indonesia/Elisha Valenta Sari).
Aaui Herawan, chairman of the Budi Herawan, said it is based on the level of Indonesian economic growth, which can still reach 5 and 17 %of the second 2023. A quarter.
Indonesia General Insurance Association
“I am quite optimistic about economic growth, but we have a lot of improvement in general insurance, reform and changes. In 2024, it is better than 2023 than 2023,” he said in the 27th Indonesian scar in NaA Balys.
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Budi will help you grow in general by seeing the Financial Services Regulation (POJK) related to the financial health of the future insurance company.
On the other hand, he said that the international trusted funds in the land insurance industry also improved. According to him, various factors can be used to promote the growth of the insurance industry.
Budi also predicts that next year the overall high quality growth rate can be 11-12 %.
The OGI OGI of the Administrative Director’s Insurance, Warranties and the OJK Pension Foundation said Indonesia is one of the markets of foreign insurance companies.
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It said one of them was 5 %every year at the rate of growth in the Indonesian economy.
In addition, many Indonesian population is why many foreign companies want to participate and compete in local insurance.
“Indonesia is the fourth largest population in the world and the economy increases by 5 %, so arrival in Indonesia remains for the world’s insurance goal.”
It said that a great interest in foreign insurance companies is also beneficial to strengthen the small type of Indonesian market.
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Come to Indonesia to foreign investors. “If you want to get to Indonesia, rules are regulated, rules have been adopted.”
On the other hand, Ogi confirmed that all local insurance companies had followed the basic principles set out in the International Association of Insurance.
Therefore, he believes that even if many foreign insurance companies enter Indonesia, local insurance companies can still compete. He also said the rules were also applied under the Financial Accounting Standard (PSAK) 75 on the insurance contract. Society insurance companies are trying to avoid a lot of pressure this year. Adaptation to market changes is still the key to contribution promotion.
PT Great Eastern General Insurance Indonesia (Cuckoo) Linggawati Tie, the government’s budget decoration is one of the obstacles facing 2025. At the beginning of the year. Infrastructure budget, which challenges the construction insurance line.
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