AAJI – Indonesian Life Insurance Association

Hiring Agents Is Not a Priority

Via Bank Sales Will Match Insurance Agents

Bancassurance’s Contributions Can Match Agency

Insurance Marketing Through Bancassurance Will Increase

Not Fulfilling SBN 20 percent

Life Insurance Premium Income Up 10%

AAJI Reaps Harvest on Sovereign Debt Securities

Growth of the Life Insurance Industry Strengthens

Bancassurance’s Contributions Can Match Agency

(Photo News) Surge in Insurance Investment

FWD Life Rambah Sumatra

FWD Life Opens Marketing Office in Medan

FWD Life Opens First Network in Sumatra Region

Premium Simas Soul Skyrocketed

Simas Soul Market Two Link Units

Simas Jiwa Book Premium Rp 4.01 Trillion

Flying Life Simas Insurance Premium

Taspen Life Targets Premium of Rp 306 Billion

Chubb Life Expands Affluent and SME Business Segments

Chubb Life Launches Loyalty Link & Global Equity Fund (Syariah)

Sun Life opens agency office in Mataram

(CEREMONY) Prudential Indonesia Wins Two Awards With Very Good Predicate at Infobank Sharia Finance Award 2016

(Photo News) FWD Opens Marketing Office in Medan

(Photo News) Tabuh Bedug FWD Life

(Photo News) Expand FWD Life Marketing

(Photo News) Simas Jiwa and Bank Jtrust Indonesia

(Photo News) Bancassurance Marketing Cooperation

(Photo News) Medan Branch

(Photo News) FWD Life Is Coming to Medan

(Photo News) FWD Life Marketing Office in Medan

(Photo News) Bancassurance Cooperation

(Photo News) Bancassurance Cooperation

Mixed Unitlink With Highest Annual Return

OJK Assesses The Determination of Bakrie Life

OJK: Early September, Bakrie Life Returns Business License

Recruitment of agents is not a priority the number of marketers in the premium soul industry is predicted to only reach 525,000 people by the end of this year, or miss the original target of 600,000 people, because recruitment is no longer massive. Chairman of the Indonesian Life Insurance Association (AAJI) Hendrisman Rahim previously estimated the number of licensed marketers until the end of this year could reach 600,000 people. But those targets are expected to be difficult to achieve because of hiring that tends to move forward.

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Indonesian Business – 12/10/2016, p. 22

– Hendrisman Rahim, Chairman, AAJI

Bancassurance distribution lines become the driving force of the growth of life insurance industry coverage dues. Based on data from the Indonesian Life Insurance Association (AAJI) until the first half of this year, the premium of life premiums grew 10% as Rp 74.6 trillion. From the acquisition of these coverage contributions, premium agents are still the largest contributor, which is 41.3%. This amount is equivalent to Rp 30.8 trillion. But policy sales through bancassurance are growing faster. Coverage contribution income from bancassurance lines is getting higher by 15.3% year on year. While premiums according to the line of the insurance contribution agent only grew 2%. The portion of premium sales via bancassurance reached 38.4% or equivalent to rp 28.6 trillion. The portion of insurance according to bancassurance was higher based on 36.7% in the same period in 2015. “Currently premium growth according to bancassurance is indeed higher,” said Nini Sumohandoyo, Head of AAJI’s Communications Department, Monday (10/10). Hendrisman Rahim, Chairman of AAJI added, the speed of bancassurance is driven by the aggressiveness of banks selling coverage dues products. He said banks also want to earn more fee based income. Moreover, this time, the rate of credit distribution is still slowing down.

Kontan – 12/10/2016, p. 24

Sources:

Hendrisman Rahim, Chairman of the Indonesian Life Insurance Association (AAJI)

Nini Sumohandoyo, Head of The Communication Department of the Indonesian Life Insurance Association (AAJI)

Bancassurance’s Contributions Can Match Agency

Bancassurance distribution channel began to become a motor of performance of life insurance business actors until the middle of this year. Based on data from the Indonesian Life Insurance Association (AAJI), as of June 2016, the acquisition of industrial premiums reached Rp 74.6 trillion. From the acquisition of this insurance, the agency’s distribution channel is still the largest contributor with a contribution of coverage contributions of 41.3%. This amount is equivalent to Rp 30.8 trillion. While the portion of insurance that comes from bancassurance is recorded at 38.4% or equivalent to Rp 28.6 trillion. However, insurance contributions based on bancassurance increased according to the previous 36.7% in the same period in 2015. Meanwhile, the portion of the agency’s channel sags according to the previous 44.5%. This increase in bancassurance portion is obtained based on a higher growth rate than the agency. Where the contribution of coverage from the bancassurance line recorded an increase of 15.3% year on year. At the same time, the agency’s marketing path only grew by two%.

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Kontan.co.id – 11/10/2016 http://keuangan.kontan.co.id/news/donasi-bancassurance-bisa-menyamai-agensi

The trend of marketing life insurance dues through bancassurance is expected to increase in the next two-three years. However, the upward trend has not been able to beat the contribution of premium marketing through agency. Chairman of the Indonesian Life Insurance Association (AAJI) Hendrisman Rahim revealed, premium marketing through bancassurance is easier to do, because the targeted market is a segment of people who already know the financial services industry. “The market already exists and the market has understood the world of financial services, including premiums,” he said in Jakarta, Monday (10/10).

Investor Daily – 12/10/2016, p. 23

Sources:

Hendrisman Rahim, Chairman, AAJI

The Indonesian Life Insurance Association (AAJI) assesses that the life insurance contribution industry is still unable to meet the policy of the Financial Services Authority (OJK). Precisely, it has not been able to expand the investment portion of State Securities (SBN) 20%. Understandably, so far the industry’s largest contributor of coverage dues is the origin of mutual funds and stocks. Based on OJK Regulation (POJK) Number 1/POJK.05/2016, OJK requires the allocation of investments in SBN instruments of at least 20% of the total investment portfolio in 2016. “We believe that permanent investment output will rise, as far as the portion in SBN is 20% and has not changed,” said AAJI Chairman Hendrisman Rahim.

Indopos – 12/10/2016, p. five

Sources:

Hendrisman Rahim, Chairman of the Indonesian Life Insurance Association (AAJI)

The Indonesian Life Insurance Association (AAJI) recorded total coverage contribution revenue in the life insurance industry was higher by 10 percent in the second quarter of 2016 as Rp74.61 trillion compared to the same period of the year then Rp67.82 trillion. “The increase tells the increasingly enlightened citizens about the importance of protecting the premium of life in the face of unexpected risks,” said AAJI Chairman Hendrisman Rahim in Jakarta, Monday (10/10/2016). He added that the high awareness of citizens to coverage dues was also indicated by the increase in the number of individual insured by 15.1% to 19.11 million people in the second quarter of 2016 according to 16.60 million people in the same period of the previous year.

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Balance Sheet – 11/10/2016, p. 5

Sources:

Hendrisman Rahim, Chairman of the Indonesian Life Insurance Association (AAJI)

The Indonesian Life Insurance Association (AAJI) recorded a surge in investment in the life insurance industry in the second quarter of 2016 in line with the improvement of capital market performance &yment obligations of placing 20% of managed funds on state bonds. Based on AAJI records, the investment yield of the insurance industry in the State Securities (SBN) market until the end of September reached Rp 710 billion, an increase of 3,139% compared to the same period last year of Rp 21.92 trillion.

Balance Sheet – 11/10/2016, p. 4

Sources:

Hendrisman Rahim, Chairman of the Indonesian Life Insurance Association (AAJI)

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