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View all search resultsinsurance
Opinion 1 year ago
PREMIUM
Analysis: OJK loses court battle to Kresna Life, again
The Financial Services Authority (OJK) has suffered another legal setback against Kresna Life Insurance. This defeat took place at the Jakarta State Administrative High Court (PTUN) on June 14, where OJK's appeal to maintain the revocation of Kresna Life's license was overturned. Moving forward, OJK is now contemplating filing a cassation appeal, which could potentially result in the legal enforceability of the overturned license revocation of Kresna Life if they are unsuccessful.
Economy 1 year ago
PREMIUM
Hospitals win, insurers lose as medical claims surge on rising costs
As the number of health claims rise, industry analysts are urging insurers and hospitals to review their risk-sharing schemes to avoid transferring the burden from the former to the latter, among other measures.
Front Row 1 year ago
Prudential Indonesia launches PRUWell Medical & PRUWell Medical Syariah
Prudential Indonesia and Prudential Syariah have unveiled PRUWell Medical and PRUWell Medical Syariah, the latest health insurance innovations emphasizing fairness. These products offer comprehensive health protection benefits, including affordable and fair premiums or contributions. Karin Zulkarnaen, chief customer and marketing officer at Prudential Indonesia, highlighted the positive growth in 2023 amid high medical inflation and stressed the responsibility to provide long-term protection. She introduced PRUWell Medical as a solution to address current challenges.
Academia 2 years ago
PREMIUM
Digital transformation: Safeguarding the future through risk mitigation
The evolution of technology adoption in the insurance industry, or insurtech, has led to a paradigm shift from protection to prevention, and should be built into the national digital strategy so it addresses real-life cases in a disaster-prone country.
Front Row 2 years ago
Are insurance premiums really expensive? Here's the reality
The ownership of insurance is increasingly recognized as a necessity for the Indonesian society in the post-COVID era. Insurance products are essential tools for individuals and their families to realize healthy financial planning.
Regulations 2 years ago
PREMIUM
Private insurers want limits to scope of public healthcare coverage
Analysts have urged finalizing the prolonged discussions over a Coordination of Benefits (COB) scheme, which they say will reduce public-private competition and ultimately help the government toward achieving its universal health coverage goal, alleviate risk for private insurers as well as ensure better health benefits for all.
Opinion 2 years ago
PREMIUM
Analysis: WSKT bond defaults poses risk to insurance, pension funds
PT Waskita Karya (WSKT) and subsidiary Waskita Beton Precast’s (WSBP) failure to pay bond payments has once again entered the spotlight as bondholders, the majority of whom are insurance companies and pension funds, rejected a debt-restructuring proposal by WSKT that would extend a payment deadline by up to 10 years through a scheme of 3.5 percent interest on the principal.
