Life Insurance Income Growth 5.2%
Performance of national insurance in the fourth quarter (Q4) in 2008 recorded a total premium income of Rp 46.7 trillion or 5.2 percent growth compared to the same period (Q4) in 2007 valued at Rp 44.4 trillion.
Life insurance business data Q4-2008 (unaudit) was followed by 36 life insurance companies, consisting of 21 national insurance companies and 15 joint venture life insurance company (joint venture). For information the number of insurance companies that are members AAJI is currently 45 companies.
Chairman of Indonesian Life Insurance Association (AAJI) Evelina Pietruschka rate of income increase national insurance premium fee that is low can not be separated from the influence of the global crisis. The crisis that started from the economic collapse in Indonesia and many countries.
"So not only the insurance sector which experienced a decline like that," said Evelina in a press conference in Jakarta, Thursday (5 / 3).
For the new production of premium income (new business) a decline of 1.4 percent or Rp 30.2 trillion compared to the same period of Q2-2007 amounting to Rp 30.6 trillion.
New premium income Unit Link products increased 0.5 percent to Rp 13.93 trillion in Q4-2007 to Rp 13.86 trillion. Premium advanced (renewal) rose 19.9 percent, or Rp 16.5 trillion, compared to Q4-2007 to reach Rp 13.8 trillion.
Life insurance business data Q4-2008 (unaudit) was followed by 36 life insurance companies, consisting of 21 national insurance companies and 15 joint venture life insurance company (joint venture). For information the number of insurance companies that are members AAJI is currently 45 companies.
Chairman of Indonesian Life Insurance Association (AAJI) Evelina Pietruschka rate of income increase national insurance premium fee that is low can not be separated from the influence of the global crisis. The crisis that started from the economic collapse in Indonesia and many countries.
"So not only the insurance sector which experienced a decline like that," said Evelina in a press conference in Jakarta, Thursday (5 / 3).
For the new production of premium income (new business) a decline of 1.4 percent or Rp 30.2 trillion compared to the same period of Q2-2007 amounting to Rp 30.6 trillion.
New premium income Unit Link products increased 0.5 percent to Rp 13.93 trillion in Q4-2007 to Rp 13.86 trillion. Premium advanced (renewal) rose 19.9 percent, or Rp 16.5 trillion, compared to Q4-2007 to reach Rp 13.8 trillion.
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