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Asabri

Private insurers unfazed by insurance scandals despite trust concerns
Business 6 years ago

PREMIUM
Private insurers unfazed by insurance scandals despite trust concerns

Private insurers have brushed off concerns that scandals involving state-owned insurance companies have hurt the industry as the sector continues to grow despite being clouded by trust issues. 
Two directors lose jobs over investment losses at state-owned insurer Asabri
Business 6 years ago

Two directors lose jobs over investment losses at state-owned insurer Asabri

State-Owned Enterprises Minister Erick Thohir has dismissed two directors of Asabri over alleged investment mismanagement at the social insurance firm.
Asabri hopes to recover lost Rp 10.9t investment
Business 6 years ago

Asabri hopes to recover lost Rp 10.9t investment

Benny and Heru, who have been declared suspects by the Attorney’s General Office for alleged corruption involving a troubled state insurer, Asuransi Jiwasraya, made the commitment in a meeting last year, according to Asabri president director Sonny Widjaja.
State-owned insurer Taspen steers steady ship in industry rocked by turbulence
Business 6 years ago

State-owned insurer Taspen steers steady ship in industry rocked by turbulence

Taspen placed around 86.2 percent of its investments in low-risk assets with regular fixed returns.
Ombudsman to investigate OJK amid insurance scandals
Business 6 years ago

Ombudsman to investigate OJK amid insurance scandals

The team will question the OJK about its standards for publishing financial reports, as the current one-page format is deemed unsatisfactory for supervising the financial performances of insurance companies.
Government plans omnibus bill on financial system amid insurance crises
Business 6 years ago

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Government plans omnibus bill on financial system amid insurance crises

Finance Minister Sri Mulyani Indrawati said the omnibus bill on the financial system would revise regulations related to financial services.
House forms three committees to probe Jiwasraya, Asabri scandals
National 6 years ago

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House forms three committees to probe Jiwasraya, Asabri scandals

Aria Bima will chair the Commission VI working committee amid allegations that the Jiwasraya scandal occurred because the money was used to support Jokowi’s campaign in the 2019 presidential election.
House sets up working committee to oversee 'worrying' financial services
Business 6 years ago

House sets up working committee to oversee 'worrying' financial services

The House of Representatives’ Commission XI, which oversees financial affairs, has announced the establishment of a working committee to monitor the financial services industry following a string of allegations implicating major companies.
Erick Thohir reports threats following Jiwasraya, Asabri fiascos
Business 6 years ago

Erick Thohir reports threats following Jiwasraya, Asabri fiascos

“Threats are becoming my daily consumption, especially after the Jiwasraya and Asabri case unfolded,” State-Owned Enterprises Minister Erick Thohir said.
Elephant in the room in Jiwasraya case
Opinion 6 years ago

Elephant in the room in Jiwasraya case

The handling of the Jiwasraya and Asabri cases is good enough as firefighting measures go, but the elephant in the room remains: poor good corporate governance in our state firms, and weak oversight by authorities.
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