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Prudential's CEO of Health, Arjan Toor, and Prudential Indonesia’s Chief Health Officer, Yosie William Iroth, spoke with The Jakarta Post’s Ni Made Tasyarani about how the insurer is navigating challenges while seeking to tap into growth opportunities in Indonesia.
Broader economic uncertainty is weighing on investment and household purchasing power, while the impact of recent government policies on the real sector and financial services has yet to be felt, according to an industry association.
The government's removal of subsidies for millions of recipients, however, has drawn criticism from local authorities, who argue that many of the affected policyholders still deserve government assistance.
The state asset fund, which also acts as the holding body for SOEs, plans to consolidate the logistics sector from 18 firms into a single major player and to merge 16 state-owned insurers into just three entities.
The country's social security system, now over 20 years old, might need reforms for an across-the-board upgrade to reflect contemporary conditions and trends, such as an aging population and a shift from traditional, family-based elderly care, as well as inclusion of a growing informal sector.
Insurance firms have a wide role to play in bringing climate and economic imperatives into closer alignment, adapting the tools at their disposal to safeguard both ocean health and the blue economy as a sustainable, interdependent ecosystem.
Surabaya City councilor Johari Mustawan in East Java said recently he had received hundreds of reports from residents who were denied treatment because their conditions did not meet JKN’s emergency criteria.
