Public Insurance

Archive for April, 2010

In addition to distribution channels, product innovation, the growth of the life insurance industry, according to some literature can be maintained if we are able to capitalize the following three things: (1) the potential of Islamic insurance, (2) utilization of information technology (IT), and (3) proficiency in asset management and liability insurance industry.

First, there is an insurance scheme which has the potential to catalyze the growth of life insurance in Indonesia, the Islamic-based insurance. As the largest Muslim populated country in the world, the insurance industry in Indonesia has a huge opportunity to provide a range of insurance products to middle-class society.

The number of people in this class continued to experience growth driven by solid growth in gross domestic national product. Realistically, we can expect that the percentage growth of Islamic-oriented insurance will skyrocket beyond the growth in unit-linked life insurance products and traditional insurance, at least in the past five years to come.
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