Jakarta (ANTARA News/Asia Pulse) - Indonesia's insurance industry posted Rp89.4 trillion (US$97. billion) in gross premium income in 2009, an increase of 20.8 per cent form the previous year.

Life insurance companies accounted for the largest proportion of the total premium income with a contribution of Rp62.2 trillion up from Rp50.4 trillion in the previous year.

Julian Noor, the vice President of PT Asuransi Bumiputeramuda 1967 (Bumida) of the total premium income, attributed the improved performance of the industry to fairly strong economic growth in 2009 despite the impact of the global financial crisis.


Source:
Business in Asia Today - March.15, 2010
published by Asia Pulse

Editor: Ricka

COPYRIGHT © 2010

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