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Jakarta Post

AXA Mandiri eyes double-digit growth in premium income

  • The Jakarta Post

Jakarta   /   Thu, February 27 2020   /  01:52 am

AXA Mandiri Financial Services (AXA Mandiri), one of Indonesia’s major insurance companies, expects to maintain double-digit growth in premium income this year as it taps into the large customer base of its parent company, Bank Mandiri, to attract new policyholders.AXA Mandiri president director Handojo G. Kusuma said in Jakarta on Tuesday that the insurer would market its products more intensively to customers of Bank Mandiri, which had one of the largest customer bases in the country."We hope to book double-digit growth in premium income by tailoring insurance products to the special needs of Bank Mandiri customers,” he told a press briefing.AXA Mandiri is jointly owned by Bank Mandiri, which has a 51 percent stake, and AXA Group’s National Mutual International Pty. Ltd, which holds 49 percent.AXA Mandiri booked gross premium income of Rp 9.5 trillion (about US$698.5 million) in ...