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Jakarta Post
The Jakarta Post
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Insurance industry a key partner for government

Jakarta | Wed, March 14, 2018 | 11:01 am
Insurance industry a key partner for government Rapid urbanization has reduced people’s ability to depend on traditional extended family support networks. (Shutterstock/File)

PREMIUM The insurance industry has long been an important financial partner to governments. As with healthcare, retirement costs can be a huge contingent fiscal liability for the public sector balance sheet. The life insurance industry helps and encourages households to take ownership of their retirement plans in a timely manner through regular savings. 

The insurance sector is helping...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.